Consumer Confidence in Florida Way Up


According to the article below, Florida's consumer confidence scores are way up - which is reflected in the real estate market in Naples. We are seeing consumers from Port Royal real estate to Mediterra real estate express confidence in buying right now. Port Royal buyers, amongst the most discerning, have been very confident in the market, from a pricing and value standpoint. Hence, we have seen sales grow from Olde Naples to Aqualane Shores and Port Royal. 

GAINESVILLE, Fla. – Jan. 25, 2011 – Consumer confidence among Floridians soared an unexpected seven points to 77 in January from the revised December index score of 70, according to a new University of Florida survey.

The increase is the largest since the index rose seven points from March to April 2010, and the score of 77 is the highest since the April 2010 mark of 78.

“The size of this increase in confidence among Floridians was not expected,” said Chris McCarty, director of UF’s Survey Research Center in the Bureau of Economic and Business Research. “Confidence among Floridians had been mired in the low 70s for the past few months, consistent with other economic indicators that characterize the Florida economy.”

Each of the five components that make up the index registered gains, with the largest increase coming in the perceptions of U.S. economic conditions over the next year category, which climbed 12 points to 78. Confidence in that category had been mired in the 60s for eight months.

Confidence in purchasing big-ticket items, such as cars and appliances, rose eight points to 84, and perceptions of U.S. economic conditions over the next five years also reached 84, a six-point increase. Perceptions of personal finances now compared with a year ago rose four points to 55, and perceptions of personal finances a year from now rose two points to 83.

Best Regards,

Brad Johnson

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