U.S. consumer confidence hits post-Recession high
NEW YORK - Sept. 27, 2016 - The Conference Board Consumer Confidence Index, which increased in August, improved further in September. The index now stands at 104.1, up from 101.8 in August.
Consumers' assessment of current conditions improved in September. Those stating business conditions are "good" decreased from 30.3 percent to 27.5 percent. However, those saying business conditions are "bad" declined from 18.2 percent to 16.2 percent.
The percentage of consumers expecting their incomes to increase declined from 18.5 percent to 17.1 percent. However, the proportion expecting a decline decreased from 11.0 percent to 10.3 percent.
Nielsen conducts the monthly Consumer Confidence Survey for The Conference Board. It's based on a probability-design random sample; the cutoff date for the preliminary results was September 15.
c) 2016 Florida Realtors.
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Market Overview by Bill Fannin, Jr.
The above article is an interesting assessment. If you like statistics below is some interesting data for your viewing pleasure!
The Naples market has cooled equating to it being a great time to BUY!
Fort Myers market is warmer and still a good time to buy.
Check out the full reports below.
Here are some key points I picked up on:
Average Sales Price Down 14.3%
Dollar Volume Down 12.4%
Pending Sales Down 7.9%
Inventory Up 25%
Months Supply Up 35.7% (7.6 Month Supply)
Fort Myers Market
Average Sales Price Up 17.4%
Pending Inventory Down 6%
Active Inventory Up 16.2%
Months Supply Up 21.6% (to a 4.5 Month Supply)
Read the full Market Reports here: