Rising consumer confidence points to stronger real estate market

By Mark Johnson
Vice President, Marketing and Technology
Prudential California Realty

The gradual recovery of the real estate market has only been held in check by consumer confidence, a category that has recently made substantial gains, according to Prudential California Realty’s February 2011 real estate report.

The report, which includes an analysis of data created by the Wells Fargo Economics Group, showed that consumer confidence jumped 7.3 points in January to a total of 60.6.

All of the key components increased solidly during the month, making this the best report for consumer confidence since the onset of the financial crisis. In Southern California, investors have returned, indicating an increase in confidence among people that understand the dynamics of real estate.

For sellers, this year presents a time when the advice of a qualified real estate professional is more critical than ever before to set realistic prices and receive a favorable outcome on the sale of a home.

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Posted by Staff on Feb 24, 2011. Filed under Real Estate Trends. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

1 Comment for “Rising consumer confidence points to stronger real estate market”

  1. Hopefully consumer confidence doesn't get too high, too fast. That's a little bit of what got us into trouble in 2000.

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