The CRE Finance Council (CREFC) published the results of its industry index. The CREFC BOG Sentiment Index, initiated in 2017, is prepared based on responses to nine core questions on the state of the CRE finance market. The overall index value increased from 67.5 in the first quarter of this year to 78.5, indicating a more positive outlook for the sector. - Respondents had mixed responses regarding their outlook for the U.S. economy in the next year. 10% predicted an improvement, 55% expect little change, and 55% expect it to worsen.
- 84% expect CRE fundamentals to worsen, and the remaining predicted no change, meaning no one expects it to improve.
- Around two-thirds (67%) had a negative outlook toward the overall sentiment for all CRE finance businesses, 25% remained neutral, and 8% shared a positive outlook.
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