Confidence Down; Home Prices Up : The Two-Way Consumer confidence drops, but home prices rise.
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Confidence Down; Home Prices Up

If consumers aren't feeling too great that's not good news for the economy, because it's our spending on goods and services that drives a little more than two-thirds of all business.

Well, we consumers aren't feeling so hot.

The Conference Board says its widely watched consumer confidence index fell almost 6 points this month, to 47.7. In boom times, that index has often been much closer to 100.

As often happens, though, there's another economic indicator out this morning that tells a slightly brighter tale. The S&P/Case-Shiller Hope Price Indices shows prices were higher in August (compared to July) in most cities — the fourth straight month the indices have risen.

Still, "average home prices across the United States are at similar levels to where they were in the autumn of 2003," S&P/Case-Shiller says.

For more economic news and analysis, see Planet Money.