Consumer confidence fell in June to 58.5. The recent deluge of weak economic reports has led to more concerns about employment prosepcts, which more than offsets any relief from falling gasoline prices.

One thing about Consumer Confidence…it has been stated as the “key truth detetector”. That being said; in 2009, the average was 44.96 for the year. In 2010, the average was 53.97 for the year. So far this year, it has averaged 63.88 for the past 6 months.

There might be troubles in the world (imagine that), but America’s confidence has been substantially restored since the end of 2008.

Remember, “don’t wait to buy real estate, buy real estate and wait.”

Source: Consumer Confidence Board