Consumer Confidence Hits Highest Level Since February 2008
November 27, 2012
http://www.dailyfinance.com/2012/11/27/u-s-consumer-confidence-at-highest-in-4-5-years/
The article reports that US consumer confidence rose to its highest level since February, 2008. The index measures consumer spending, which drives nearly 70 percent of economic activity.
Employers added 171,000 jobs in October and more jobs were created in August and September than first thought. This job growth is fueling optimistic sentiment, a major contributor to consumer confidence.
More Americans said they plan to buy a home, an appliance or take a vacation, the survey found. A better housing market may also be contributing to consumers' better mood.
Standard & Poor's/Case-Shiller reported Tuesday that its 20-city index of home prices rose 3 percent in September compared with the same month last year. Prices also gained 3.6 percent in the July-September quarter compared with the same quarter in 2011.
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Wood Brothers 2012 Christmas Party
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Consumer Confidence Hits Highest Level Since February 2008
November 27, 2012
The article reports that US consumer confidence rose to its highest level since February, 2008. The index measures consumer spending, which drives nearly 70 percent of economic activity.
Cautious Optimistism in Global Real Estate
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A REALTOR Magazine article on the global market outlook. Many factors point to a brightening future both at home and abroad.
