Area closed home sales up 10 percent in 2010

4what Local News, Naples Real Estate Info

Jan. 14, 2011 The year 2010 has shown healthy housing market gains in the Naples area according to the Naples Area Board of Realtors. The annual statistics compiled by NABOR show increases in overall pending and closed sales, inventory declining and an increase in the median closed price. Overall, closed sales increased 10 percent to 7,840 sales in 2010 compared …

Consumer Spending and Confidence Increases

4what National News

Jan 11, 2011 Steady declines in layoffs have helped increase confidence and increase spending for American adults with jobs. High consumer spending leads to increases in company profits, leading to more hires, which in turn creates more spending and growth. Consumer spending is important because it makes up 70 percent of the U.S. economy. Morgan Stanley estimates that 4 percent …