For the month of December, it has been noticed that there has been a decline in not only the consumer confidence but also real estate prices. This is an unexpected development and is going to hamper the idea that recovery has set into the US economy.

While the whole reality sector went through a reality check it was the single homes that saw a decline of double of what was expected.

Interestingly, the data comes just after the signs that suggested economic recovery in the country. The report that came out just weeks back showed that consumer confidence was highest for the month of December.

Meanwhile, there is growing concern about the poor performance of the job market and that is the reason why the consumer attitudes slipped from 54.3 in November to 52.5 in the month of December. The performance was shown in the index that is prepared by the Conference Board.

Unemployment rates have already jumped to their seven-month high to be at 9.8 per cent and that is clearly depicted in the consumers’ assessment of the labor market. From 46.3 per cent in November the jobs hard to get" index has gone up to 46.8 per cent.