Real Estate Survey
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THINGS MAY BE FINALLY STARTING TO LOOK UP FOR THOSE IN THE REAL ESTATE INDUSTRY. EXPERTS SAY NUMBERS ARE UP… REGARDING WHERE BUSINESSES FEEL THE CURRENT STATE OF THE REAL ESTATE INDUSTRY IS AND WHERE IT’S HEADING.
A UNIVERSITY OF FLORIDA SURVEY SAYS EXPERTS THINK THEY’VE HIT ROCK BOTTOM, AND ARE OPTIMISTIC THINGS WILL GET BETTER FROM HERE ON OUT. AND… IT’S A SURPRISE TO SOME… UNTIL NOW, THE REAL ESTATE INDUSTRY HAD LITTLE TO LOOK FORWARD TO… SINCE THE DOWNTURN OF THE ECONOMY BEGAN IN 2006.
Tim Becker, UF real estate researcher: “In their own business outlook, where they see business going in future quarters and the availability of money to invest in the market, and that reached an all-time high during this quarter. So, there’s thought on the respondents’ case that maybe we’re at the bottom and possibly starting to head toward recovery in our market.”
BUT, JUST BECAUSE THINGS SEEM TO BE GOING IN THE RIGHT DIRECTION IN THE INDUSTRY… DOESN’T MEAN IT’S ALL OVER YET.
Tim Becker, UF real estate researcher: “Things are still pretty bad in the real estate industry. It’s just that we kind of see that light at the end of the tunnel. We think that things are going to get better, I think previously we thought ‘Hey, we don’t know where the end is, we can’t see that light.’ But, right now we see the light at the end of the tunnel, but that tunnel is still pretty long. We still have a long way to go to kind of get out of this.”
EXPERTS DO BELIEVE THIS OPTIMISM IS HERE TO STAY… AT THE UNIVERSITY OF FLORIDA, I’M MERISSA RICHMOND.