US Consumer Confidence Is on the Rise

I'm a self-professed optimist. My sunny-side disposition has been put to the test these past couple of years with the real estate slump. But I remain hopeful, and it's not a belief rooted in fantasy but on fact.

Today, Bloomberg released a report pointing to increased US consumer confidence (Oddly, the report is dated 21 January, while it's still the 20th.) We all know the stimulating effect confidence has on the economy.

Moreover, the article reports that in a survey that sought out market professionals from Asia, Europe, and the US, the respondents said that the global situation is improving. (43% think things are getting better versus 37% in October.)

Which leads me to my world. Real estate will definitely benefit from the global positive outlook, it's just a matter of when.

Speaking of real estate, Mother Nature has way of slamming the brakes on showings. The Los Angeles storm front that started on Monday and will continue throughout the week has put my colleagues and me on forced furlough: Buyers don't want to look at wet properties, and sellers don't want wet buyers with their muddy shoes and dripping umbrellas walking through their high end houses

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