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| Sandia Mt views from 46 Camino Barranca |
Echo Research has just completed its random samples of 2000 adults for American Express. It looks like the discretionary income of Americans will be spent in much the same way but perhaps a little more spending in 2012 than in 2011. 56% expect to spend more on in-home decorating, travel, remodeling/home improvement, health and fitness. Among the affluent (those making $100.000 or more) and young professionals (those who have had a college education, are less than 30 years old, and make a minimum of $50,000 per year) both groups prioritize travel/vacation spending first.
Home buying will be about equal to renting in 2012; Open House “crashing” will be popular to the curious who seek design inspiration; and consumers still don’t feel they would get the asking price for their home in today’s housing market. Many are thinking: fix it up, sell it and reinvest.
