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LightBox Market Survey Sees “Rational Exuberance” in Q4
The latest LightBox Market Confidence Index, although still elevated, reflects a slight moderation in the dramatic improvements of late 2020 and early 2021. The firm says early indications from the broker, valuation, lending, and environmental due diligence sectors indicate that a robust fourth quarter is well underway.
LightBox’s Dianne Crocker said the forecast is one of “rational exuberance, a combination of optimism led by healthy investment and underwriting activity but tempered by concerns about the COVID variant’s effect on the market and inflation.”
Asked to forecast how they expect their 2021 annual volume to compare to 2020, 30% expect a “substantial increase” over last year, and another 49% expect a “slight increase.” Respondents in the Southwest, Southeast and Mid-Atlantic were slightly more likely to report improving market conditions compared to those in the Northeast and West.
Most respondents are looking to expand staff, and very few are downsizing, LightBox said.
- ◦Financing
- ◦Economy
