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SRI: New York State consumer home buying plans down in latest poll; overall confidence rises

Jan 11, 2016
According to the latest poll by the Siena Research Institute (SRI), New York State consumer home buying plans were down 7.7 percent in December from the last measurement in September 2015. Overall, New York State consumer confidence stands at 85.2, up 2.7 points. New York’s overall consumer confidence is 7.4 points below the nation’s index of 92.6. 
Buying plans were also down for cars/trucks. Buying plans were up for consumer electronics, furniture and major home improvements. 
Dr. Don Levy, SRI’s director, said that the rising consumer sentiment in New York is driven not by a belief in a better future economy, but rather by an appreciation of today. While a majority anticipate little change in their finances in 2016, more than a third see improvement. 
To read the entire SRI press release, click here.
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