Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup
  • Dick Young’s Safe America

Home Prices Tumble and Confidence Plunges

October 26, 2011 By Jeremy Jones, CFA

The commerce department released September new home sales yesterday. The number of new homes sold in September came in at an annual rate of 313,000—13,000 more than economists’  average estimate. But new home prices tumbled to a post-bubble low. The average price of a new home in the U.S. fell to $243,900 in September—the lowest price in eight years.

Falling house prices along with stubbornly high unemployment, stock market volatility, and incompetence in Washington are taking a toll on consumers. In October, the Conference Board’s Consumer Confidence Index (the expectations component) plunged deep into recessionary territory. The index has only been lower twice—both were marked by deep recessions.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • House Prices are Also Prices
  • Tesla Slashes Prices after Missing on Deliveries
  • House Prices Jump 9% in February
  • Author
  • Recent Posts
Jeremy Jones, CFA
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #10 in CNBC's 2019 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
  • Prices Are Going Up - April 20, 2021
  • TIPS Not the Best Inflation Hedge Today - April 19, 2021
  • Turkey Bans Bitcoin - April 16, 2021

Search Young Research

Most Popular

  • It’s as Simple as 4%? No, Not Anymore
  • Is Inflation Imminent? Prepare Now
  • Your Port Against a Storm.
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Long Live the Dividend King
  • Inflation? Yes.
  • Fidelity Investments #1: Hires 4,000 Focuses on YOU
  • The Highest Yielding Dow Stocks
  • Banks Prepare for Boom
  • The Power of a Compound Interest Table

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • Governor DeSantis: Key West’s Voters Need Your Help
  • Florida, Texas, Montana Against COVID Coercion
  • Parents Rage as Woke Schools Shame White Children as Oppressors
  • All Men Recognize the Right of Revolution
  • The Clock is Ticking: You Must Protect Your Family
  • NBA Engaged in ”Endless Social Justice Warrioring”
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • Why Black Lives Matter Needs to Be Shut Down
  • Work to Make Money/Invest to Save Money
  • Key West Greetings From the Thirsty Mermaid

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.