The 110 members of the Real Estate Executive Roundtable are more positive about their industry in the first quarter of 2010 than they were in 2009 with the sentiment index at 73, up from 63 in the fourth quarter of 2009.
The sentiment index measures confidence in real estate market conditions. However, a common concern of respondents is the employment picture. As one CEO commented, There are 20 million or more people who are underemployed or unemployed. Businesses are being very cautious. The federal government is considering raising taxes. All of this is causing uneasiness.
Approximately two-thirds of respondents said capital-for both debt and equity-is more accessible now compared to a year ago, during the height of the financial crisis.
Source: Real Estate Roundtable (02/03/2010)