As Consumer Confidence Builds, Mission Viejo Real Estate Gains

By
Real Estate Agent with The Associates Realty Group CA-01880463

The attachment we build to the places where we live is an easy-to-understand human

emotion. Almost everyone who has ever moved away from a family home has experienced a sense

of loss that can be quite profound. But that’s only one of the emotional connections that come into

play where real estate is involved.

Even though we tend to think of such important decisions as buying and selling Mission

Viejo real estate in more hard-headed terms, a host of complicated human factors can play an

important role.

One of them is becoming more prominent—and is likely to grow more so as we advance

into Mission Viejo’s peak spring and summer real estate selling season. That is the hard-to-pin-
down factor of general well-being: the nebulous—but real—sense of optimism or pessimism that is

shared by the public at large.

It’s undeniable that when people feel good about the way things are going, they’re also more

likely to feel confident in what the future will bring. Confidence breeds courage, security, self-
assurance. When things seem to be going our way, we’re more likely to strike out in new

directions.

The key word is “confident.” Social scientists do their best to get a handle on this murky

shared human phenomenon by measuring “consumer confidence”—which seems to be an

economic measure, but which has to be also aligned with the “right direction/wrong direction”

polling that politicos track. In any event, when confidence rises, we’d expect that Mission Viejo

real estate prospects will improve along with it.

The idea that emotion is a measurable part of real estate is confirmed by the quasi-
governmental statisticians at Fannie Mae, who have institutionalized the idea with their Home

Purchase Sentiment Index. (If “sentiment” isn’t an emotional measurement, what is?). And it’s up

—way up! In February, the share of Americans who think it’s a good time to buy a house rose

11% to 40%—its highest point ever. And this month, by the end of last week, Bloomberg was

reporting “consumer confidence” at its highest since 2000. The University of Michigan agreed,

placing their “Current Economic Conditions” component at its highest since the same year.

As one who deals in the Mission Viejo real estate market every day, I can verify that when

the general outlook turns positive, both buyers and sellers perk up—it’s palpable. It’s also true that

the emotional component of real estate is a lot wider than consumer poll numbers measure. For

example, there’s the feeling I get when I’m there to watch a client turn the front door key of their

new Mission Viejo home!

I hope you’ll call as soon as your own Mission Viejo real estate plans begin to take shape.

I’ll be able to help from the earliest stages on!

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Rainmaker
1,078,315
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Great info and commentary. I believe consumer confidence would remain higher if people stayed connected to their own goals and knew their numbers instead of playing dumb and trusting the news and doom and gloom media. We way over react to most markets. But, then again it's tough being sane in a loony bin.

Apr 02, 2017 08:37 AM #1
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Rainer
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Oren Golanski

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