CONSUMER CONFIDENCE IN FLORIDA IS UP

The US Consumer Confidence Index (CCI) is issued monthly and is the measured degree of optimism on the state of the economy that consumers are expressing through their activities of savings and spending. The Federal Reserve looks at the CCI when determining interest rate changes, and it of course it will affect stock market prices. Nationwide, February’s CCI fell 12.3 points. With this in mind it is very good news for Florida indeed that the University of Florida Survey Research Center found that consumer confidence in the sunshine state rose 4 points. The Center believes the rise is due to the passage of the stimulus package that will result in payments to a majority of Florida households as well as the passage of the property tax amendment that was supported overwhelmingly by 64 percent of the voters. Stuart Kaye, president of Kaye Homes, a Naples, Florida based homebuilder believes that one of the key factors in the real estate turnaround is consumer confidence. While the rest of the nation is showing a drop in consumer confidence, Florida showing a rise in confidence says quite a lot about the strides being made to confront the current market situation. Buyers who have been waiting on the sidelines should feel more comfortable now with this very positive news, the 25 percent property tax savings amendment and the stimulus package, and with prices stabilizing they should be jumping into the market at greater regularity. With interest rates declining as well, Florida homebuilders should be seeing a rise in sales as we head into the summer months. Voted Florida’s Best Builder, Kaye Homes is Southwest Florida’s largest locally owned homebuilder. Since 1985, Kaye Homes has built over 3,000 homes for satisfied customers. With two model centers in Naples, Kaye Homes continues to provide unequaled value and quality for today’s homebuyer. Our “Personalized” Homes present the finest custom luxury homes, priced from the $600s to $2 Million. Our “Performance” Collection of Homes personifies value for the first time homebuyer and more price conscious buyer, priced from the $200s to $500s. Plus we have a wonderful selection of “Showcase” Homes ready for immediate occupancy priced from the $200s to $800s. For more information and to find your next home please visit us at www.kayehomes.com or call 239 455 1007.