How Optimistic are you about this economy?

By
Real Estate Agent with Sims & Company 01385503

 

What you say, may impact stock prices, job growth and even the housing market.

The Conference Board, a non-profit business organization, conducts a survey every month.  Five questions are posted to about 5,000 U.S. households to gauge their views on the overall health of the U.S. economy, job growth and consumer spending.  The results are translated to form the Consumer Confidence Index.  For more info, visit http://www.conference-board.org/data/consumerdata.cfm.

It is important to track consumer confidence, as fear appears to be holding many consumers back, including buying and investing in real estate.  A point to note is that consumer confidence is considered a lagging indicator, i.e. it does not forecast the future.  The indicator shows what has happened.  Other factors to consider are employment and wage trends.

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If I can provide more information about Cayucos real estate and surrounding areas, the housing market, or assist you, friends or family in a home search or sale, please phone or text me at (805) 234-4315 or email me at Sherry@SherrySim.com or visit www.SherrySim.com and www.ShortSalesAndREOs.com.

Serving Cayucos, Cambria, Morro Bay, Los Osos, San Luis Obispo, Pismo Beach, Avila Beach, Shell Beach, Arroyo Grande, Atascadero.

 

All content ©Copyright by Sherry Sim2010. All rights reserved.

 

Comments (3)

Liz Gimelson
Realty Mark Associates - Chalfont, PA
Bucks County Realtor-PA & NJ Notary

Great post!!!!

Oct 30, 2010 08:31 PM
Randy Ostrander
Lake and Lodge Realty LLC - Big Rapids, MI
Real Estate Broker, Serving Big Rapids and West Central MI

Consumer confidence is always a good indicator of how our market is doing. If we could get the media to stop pitching gloom and doom we might raise the confidence level and our market could start the recovery.

Oct 30, 2010 09:39 PM
Sherry Peckhoon Sim
Sims & Company - Cayucos, CA
Broker/Owner, Covering the Beautiful Central Coast

Thanks for your comments, Liz and Randy. How's your markets doing? In our area, we are still seeing much hesitation on buyers' end.

Oct 31, 2010 08:17 AM