Naples Real Estate Market Still Not Profoundly Affected By Low Consumer Confidence

The 12-year low in consumer confidence that dominated throughout the fall has yet to have profoundly affected the Naples real estate market. Although sales are no longer as strong as they were in the summer, a slump in consumer confidence has not crippled the Naples real estate industry as some had feared.

However, steadily increasing interest rates have taken a little air out of the forming Naples real estate bubble, a possibly positive effect of lowered consumer optimism.

Winter is always a slow season for Naples real estate sales, but if by spring interest rates haven’t stopped climbing and the consumer confidence index continues to drop, then it may be time to worry.