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Stat Counter
Consumer Confidence Rebounds! Is this another sign of South Lake Tahoe housing recovery?
May 26th, 2009 categories: For Buyers, For Sellers, Lake Tahoe NV Statistics, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe, CA, Stateline, NV
Increases two months in a row is good for South Lake Tahoe.
We thought you would appreciate today’s article by the Associated Press about continued gains in the US Consumer Confidence. Though it is difficult, if not impossible to precisely correlate a rise in the consumer confidence index to a specific housing market, one thing we do know is we are seeing increases in South Lake Tahoe housing activity.
Where the US consumer confidence index is not where one would like it to be to signify a booming economy, it is certainly better than it has been lately.
Some points in the Consumer Confidence Index :
- A healthy economy has a consumer confidence rating of “100” points or more.
- Today’s index has a rating of 54.9.
- It was 25.3 in February, which was a historic low for the index.
- It was 61.4 eight-months ago.
Some bullet points in the article :
- Consumers are considerably less pessimistic than they were earlier this year.
- Expectations are that business conditions, the labor market and incomes will improve in the coming months.
- The latest evidence that spending has begun to stabilize, though overall business is still weak.
- It looks like "we’ve turned the corner" on confidence.
- The pace of month-to-month housing declines continues to slow.
Read the entire article here.
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