The University of Michigan Consumer Sentiment Index decreased 5.3% in September compared to the month prior, landing at 55.1, according to final results for the month. The September figure was down 21.4% from a year ago. The current conditions component of the index fell 2.1% from the month prior, landing at 60.4, while the consumer expectations index decreased 7.5% to 51.7.
Treasury proposes rule to bar large institutional investment in single-family homes
A large institutional investor is defined as an investor that has direct or indirect control over at least 350 homes. Penalties for violating the law can range from $1 million to three times the purchase price of the...









