With the recent Fiscal Cliff behind us, for now, all three indices buoyed in January for the second month in a row. The current Subscriber Confidence Index stands at 83.2%, up 4.6 points from December. The Present Confidence rose 4.4 to 85.7%, while the Expectation Index increased 4.8 to 81.3%. To be sure, more brinksmanship by the Executive and Legislative branches loom on the horizon, but in this now, Subscribers are feeling more optimistic about the present and future of the economy, employment in the Valley and their own personal income in the next six months.
Similar to the Consumer Confidence Index, the SCI mirrors Subscriber reaction to changing market conditions and their experience with current Buyers and Sellers. This sentiment influences Subscriber investment and strategy regarding their professional real estate activities.
Survey Questions:
1.What is your appraisal of current real estate conditions in the Valley compared to six months ago?
2.What is your expectation of real estate conditions in the Valley six months from now?
3.What is your appraisal of current business conditions in the Valley compared to six months ago?
4.What is your expectation of business conditions in the Valley six months from now?
5.What is your appraisal of current employment conditions in the Valley now compared to six months ago?
6.What is your expectation of employment conditions in the Valley six months from now?
7.What is your expectation of your family income six months from now?
Results:
Each question is given an index calculated by: (# Better / # Better + # Worse) x 100
•Current Subscriber Confidence Index is the Average of all seven indices.
•Present Confidence Index is an Average of the indices from Questions 1,3, and 5.
•Expectation Confidence Index is an Average of the indices of Questions 2, 4, 6 and 7.
Below is the reading of ARMLS Subscriber Confidence Index for December 2012:
•Current Subscriber Confidence Index: 83.2% up 4.6%
•Present Confidence Indxex: 85.7% up 4.4%
•Expectation Confidence Index: 81.3% up 4.8%