Consumer Confidence High- Great for Breckenridge and Summit County Real Estate
Posted by Breckenridge Associates Real Estate on
Consumer confidence is at a sixteen year high per the latest Consumer Confidence Index. “Consumer confidence increased in August following a moderate improvement in July,” said Lynn Franco, director of Economic Indicators at The Conference Board in a statement. “Consumers’ more buoyant assessment of present-day conditions was the primary driver of the boost in confidence, with the Present Situation Index continuing to hover at a 16-year high.”
While strong consumer confidence numbers can signal increased willingness to borrow, which is a good indicator of a potential rise in real estate sales, it is important to remember some truths about buying, selling and holding your mountain home. Resort real estate tends to exist in a “snow globe” where demand…
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