Marketwatch reports the S&P/Case-Shiller 20-city index of home prices rose 5.7% in the three-months that ended in April compared to a year ago, down from the 5.9% annual gain in March. Economists expected 5.9%. Seattle led, up 2.6% for the month and 12.9% for the year with Portland second, up 1.9% and 9.3% respectively.
The Conference Board said its consumer confidence index rose to 118.9 in June from May’s 117.6, Economists expected 116. The present situation index, which tracks how consumers view the current health of the economy, rose to a nearly 16-year high of 146.3 from 140.6. Consumers do not think the economy will be much different six month from now, according to the board’s expectations index. It fell to 100.6 from 102.3. “Overall, consumers anticipate the economy will continue expanding in the months ahead, but they do not foresee the pace of growth accelerating,” said Lynn Franco, director of economic indicators at the board.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
