The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The New York Fed engages with individuals, households and businesses in the Second District and maintains an active dialogue in the region. The Bank gathers and shares regional economic intelligence to inform our community and policy makers, and promotes sound financial and economic decisions through community development and education programs.
As part of the broader Survey of Consumer Expectations (SCE), the SCE Housing Survey provides information on consumers' housing-related experiences, behaviors, and expectations in the housing market each February. The latest survey shows an increase in home price growth expectations, especially for growth over the next year. The majority of households continue to view housing as a good financial investment. Expected changes in mortgage rates have slightly increased since last year’s survey, and renters’ perceived access to mortgage credit has continued to ease.