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.
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.
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