The prices of homes stayed near all-time highs in October and showed no sign of easing, according to the S&P Case-Shiller index. It was up 0.6% in October and was up 5.1% in the past year. Portland fell 0.1% for the month but is up 10.3% for the year, behind Seattle up 0.2% for the month and up 10.7% for the year.
The Conference Board reports consumer confidence surged in December to the highest level since 2001, reflecting an improved U.S. economy and anticipation of the incoming Trump administration, especially among older Americans. The consumer confidence index jumped to 113.7 from a revised 109.4 in November. The present situation index fell slightly but is still near its highest level in nine years. Expectations over the next six months hit the highest level since 2003.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
