The Real Deal Miami

Consumer confidence rebounds

August 28, 2008 12:26PM

The University of Florida Bureau of Economic and Business Research repots that statewide consumer confidence has rebounded from a record low, reaching 67 in August after bottoming out at 59 in June. Center director Chris McCarty says prices for single-family homes in Florida are beginning to stabilize after many months of decline, while those for condominiums appear to keep falling. That stabilization of housing prices will ultimately lead to stability in financial markets.