How to Not Regret the Paint Color You ChooseThe secret? It’s all about the lighting. Here’s how to get it right. ReadVisit houselogic.com for more articles like this.© Copyright
As Consumer Confidence Builds Lafayette Real Estate Gains
Dated: March 20 2017
Growing Confidence Affects Lafayette Real Estate Scene
The attachment we build to the places where we live is an easy-to-understand human emotion. Almost everyone who has ever moved away from a family home has experienced a sense of loss that can be quite profound. But that’s only one of the emotional connections that come into play where real estate is involved.
Even though we tend to think of such important decisions as buying and selling Lafayette real estate in more hard-headed terms, a host of complicated human factors can play an important role.
One of them is becoming more prominent—and is likely to grow more so as we advance into Lafayette’s peak spring and summer real estate selling season. That is the hard-to-pin-down factor of general well-being: the nebulous—but real—sense of optimism or pessimism that is shared by the public at large.
It’s undeniable that when people feel good about the way things are going, they’re also more likely to feel confident in what the future will bring. Confidence breeds courage, security, self-assurance. When things seem to be going our way, we’re more likely to strike out in new directions.
The key word is “confident.” Social scientists do their best to get a handle on this murky shared human phenomenon by measuring “consumer confidence”—which seems to be an economic measure, but which has to be also aligned with the “right direction/wrong direction” polling that politicos track. In any event, when confidence rises, we’d expect that Lafayette real estate prospects will improve along with it.
The idea that emotion is a measurable part of real estate is confirmed by the quasi-governmental statisticians at Fannie Mae, who have institutionalized the idea with their Home Purchase Sentiment Index. (If “sentiment” isn’t an emotional measurement, what is?). And it’s up—way up! In February, the share of Americans who think it’s a good time to buy a house rose 11% to 40%—its highest point ever. And this month, by the end of last week, Bloomberg was reporting “consumer confidence” at its highest since 2000. The University of Michigan agreed, placing their “Current Economic Conditions” component at its highest since the same year.
As one who deals in the Lafayette real estate market every day, I can verify that when the general outlook turns positive, both buyers and sellers perk up—it’s palpable. It’s also true that the emotional component of real estate is a lot wider than consumer poll numbers measure. For example, there’s the feeling I get when I’m there to watch a client turn the front door key of their new Lafayette home!
I hope you’ll call as soon as your own Lafayette real estate plans begin to take shape. I’ll be able to help from the earliest stages on!
Homes for Sale in Lafayette
Buying? ➡️ bit.ly/3bsanGy
FREE Home Evaluation ➡️ bit.ly/3eEQWvQ
Ted M. Daigle eXp Realty
1720 Kaliste Saloom Rd Suite B-2
Lafayette, Louisiana 70508
Ted M. Daigle | Realtor
About Ted Daigle – Realtor Growing up in Church Point, LA instilled values of hard work and dedication, which has carried over into every aspect of his life, including real estate. This Lafayette r....
Latest Blog Posts
How to Pick your Lender for your First Home or RefinancingYour lender is one person that can make or break you with finances towards your home. Before you become involved with anyone that will
Avoid These Home Buyer Turnoffs and Sell Your Home faster You know you should avoid garish paint colors and weird additions if you’re trying to sell a house. However, did you know