December 2017 Consumer Confidence Index Report…

The real estate market is driven by the emotions (and confidence) of home buyers. That’s why tracking the Consumer Confidence Index will give you an indicator of things to come in the future of real estate sales. The Consumer Confidence Index® decreased in December, following a modest improvement in November. The Index now stands at 122.1 (1985=100), down from 128.6 in November. The decline in confidence was fueled by a somewhat less optimistic outlook for business and job prospects in the coming months. Consumers’ assessment of current conditions, however, improved moderately. Despite the decline in confidence, consumers’ expectations remain at historically strong levels, suggesting economic growth will continue well into 2018.”

I predict the real estate market will stay steady yet may see prices increase at a slower pace.

Source: December 2017 Consumer Confidence Survey®

If you are ready to buy/sell a home or have any questions, call me today…

Posted on December 28, 2017 at 5:56 pm
Steven Galindo | Category: A Thought About Real Estate, Real Estate News

Consumer Confidence is high which is great news for Home Sellers!!

Consumer confidence definitely affects the Real Estate Market and currently the Consumer Confidence Index is at 125.9, up from 120.6 in September. Consumer confidence is at its highest level in 17 years which was boosted by the job market. Confidence remains high among consumers and their expectations suggest the economy will continue expanding at a solid pace for the remainder of the year which proves that selling during the holidays can be a great idea because economic conditions are unknown for 2018.

Your home’s value is likely higher than you think, If you are wondering what it’s worth, call me today @ 323-717-2262

Posted on November 6, 2017 at 8:08 pm
Steven Galindo | Category: Home Seller Advice, Real Estate News

Today’s Consumer Confidence Index Report

Consumer confidence can effect the real estate market and currently the Consumer Confidence Index is down .6 point which is nominal and consumers assessment of economic conditions remains favorable

Posted on October 12, 2017 at 8:23 pm
Steven Galindo | Category: A Thought About Real Estate, Home Seller Advice, Real Estate News