Good news is continuing for the real estate industry. To close out June 2015, The Conference Board Consumer Confidence Index noted steady improvements. The Index closed at 101.4, up from 94.6 last month. This board is a worldwide, independent business membership and research organization that works on behalf of public interests. Its mission is to provide practical knowledge needed to improve performance and serve society.
Lynn Franco, Director of Economic Indicators at The Conference Board, explains consumer confidence keeps improving. Over the last few months, buyers have become more optimistic about the future and have high hopes that bring an increased willingness to spend. Most people are saying business conditions are “good.” Approximately 21.4 percent of individuals feel jobs have gotten more plentiful.
Besides long-term optimism, June’s short-term outlook has also been more positive. The number of buyers expecting business conditions to get better over the next six months heightened by 2.5 percent. Individuals expecting conditions to get worse decreased by 1.5 percent.
Concerning the labor market, consumer outlook is upbeat as well. Many individuals are anticipating more job availability in the upcoming months. There has been a 3 percent increase in the amount of people who feel it will be easier to find employment.
All of this information is good news for the economy, especially the housing industry. As consumer confidence grows, the real estate market will get stronger and maintain its comeback. As things improve, more people will be looking to buy, and sellers will have a reason to list.