Wednesday, January 03, 2007

Consumer Confidence Up

Looks like Johnny got an XBox, Suzy got an iPod, and Fido (aka Butcho) got a nice warm bed by the fire! CONSUMER CONFIDENCE HITS EIGHT-MONTH HIGH! Following a two-month decline, the confidence level of the nation's consumers took an upward turn in December, according to a recent report from The Conference Board. The Consumer Confidence Index improved to 109.0 (1985=100) last month, up from 105.3 in November and nearly reaching the last high of 109.8, which was achieved in April. Also in December, the Present Situation and Expectations indexes increased to 129.9 and 95.1, respectively.

Search the MLS for Ventura County Real Estate at


At 1/05/2007 8:44 AM, Anonymous Anonymous said...

The party's over. VC median price down 8% November YOY. Can't wait to see December figures. I noticed you didn't post any info about that. When people can no longer "liberate equity" and spend new refi $$$ because their Loan to value is too high we'll really see how much confidence they have.

At 1/06/2007 9:00 AM, Blogger Hope Goss, Realtor said...

Those aren't the figures that I received. I assume you get your information from the Star. Try this resource
This is on the California Association of Realtors site and the numbers are derived from Dataquick Information systems. They are derived from ALL types of home sales. Just to clarify, the year over year change in the median home price was reported as being down 4.8%. I'd like to add that median home prices can flucuate based on the type of homes that are being sold. This figure does not always indicate that actual prices of individual homes have increased or decreased. To get a real picture of the fluctuations of a particular neighborhood, you need to compare like homes, apples to apples.


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