Lately, I’ve been watching consumer confidence trends closely, as they often influence how buyers and sellers feel about moving forward with their real estate plans in Dallas and our surrounding communities. In mid-Q3, Americans felt more positive about the current economy, but overall confidence dipped to a seven-month low—driven by concerns about income, business prospects, and jobs in the months ahead. The present-conditions index rose about 7 points to 121, but the expectations gauge dropped roughly 6 points to 68, dipping below the level that typically signals recession risk.
We also saw 23,000 jobs cut early in Q3, with unemployment ticking up to around 4%. It’s worth noting that this was mostly because people left the labor force, not because hiring grew. For those of you thinking about buying or selling a home, it’s interesting that, even with these shifts, homebuying expectations only eased slightly and actually kept rising in mid-Q3. About 61% of Americans still anticipate interest rates will move higher. With the Fed keeping rates steady and limited near-term relief on the horizon, borrowing costs will likely remain elevated through year-end.
I understand how these numbers can affect your confidence and your decisions. My focus is on guiding you through every step—whether you’re buying, selling, or planning a move—so you feel informed, supported, and ready to make the best choices for your next chapter.
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