Featured Photo: taken at Periwinkle Place on Sanibel Island, where you can find local island shops, sophisticated boutiques (including Chico's, which was founded on Sanibel in 1983), restaurants, and more.
Consumer confidence is important for Sanibel real estate, as it is for most other aspects of business and general public sentiment. That’s why it’s good news that after an increase in consumer confidence in December, the Conference Board Consumer Confidence Index found additional growth in consumer confidence in January. From one month to the next, the overall Index increased from 96.3 to 98.1. The Present Situation Index remained the same, and the Expectations Index increased from 83.0 to 85.9.
The probability-based Consumer Confidence Survey includes several itemized components of consumer confidence, from general business conditions to specific labor market concerns. Across the board, most areas yielded a more positive outlook or stayed about the same. For example, responses about the current business conditions being “good” stayed consistent, but those saying business is “bad” declined.
In addition to more overall optimism about short-term improvement in business conditions, the consumer outlook on future labor market conditions is also on the rise. There are slightly higher expectations for more jobs in 2016, and the proportion of survey participants who anticipate an income raise also increased.
A stronger economy is good news for everyone, and one result is a healthy real estate market. If you’re interested in Sanibel real estate–whether you’re buying, selling, or just looking–contact one of our knowledgable Sanibel realtors, search our MLS for available properties, or get in touch with our office at 239-272-2411 for general inquiries. We’re also more than happy to help you find the Sanibel realtor that’s the right fit for you.
Source: FloridaRealtors
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This article is provided by John R Wood Properties, a full service Sanibel Island real estate agency made of people who love where they live as much as what they do. With local knowledge and decades of combined experience, our Sanibel and Captiva Island realtors are passionate and dedicated to exceeding your real estate needs.
About the author: Nina Rogers is a writer, designer, and illustrator who grew up on Sanibel Island. As a Communications Content Manager for John R Wood Properties, Nina enjoys keeping people updated with the latest in local news and Sanibel real estate.
