Florida consumer confidence hits lowest level in more than five years(gas prices)

The biggest decline was in perceptions of whether it is a good time to buy big-ticket items, which fell 10 points to 74, its lowest level since January 1991. The other component, perceptions of personal finances now compared with a year ago fell six points to 64, its lowest reading since December 1991. While gasoline prices have declined some in December, they remain above $3 a gallon, and the stock market, which has been extremely volatile during the past six months, is currently down nearly 1,000 points from its all-time high, McCarty said. With the large stock of housing inventory, and some prospective buyers waiting for prices to drop to their lowest levels, the question remains when prices will hit bottom, he said. read more

[Tags]prices, , december, lowest, price, confidence, gas prices[/Tags]

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