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CREFC Survey Shows Uptick in Sentiment, Yet Concerns Persist
The CRE Finance Council’s Second-Quarter 2023 CREFC Board of Governors (BOG) Sentiment Index shows a modest recovery in market confidence from the previous quarter, CREFC said Wednesday. The overall index value increased to 78.5 from 67.5 in Q1.
However, despite positive trends in sentiment, concerns still persisted across several key areas. Regarding the U.S. economy, for example, 55% of respondents anticipate worsening conditions, and 84% said the same about CRE fundamentals.
Sixty-seven percent expressed a negative outlook for CRE finance businesses and 45% expected liquidity in the CRE capital markets to contract, Conversely, 53% predicted that borrower demand for CRE/multifamily loans would increase.
“The survey’s findings underscore the balance between improving sentiment and lingering concerns within the sector,” said executive director Lisa Pendergast. “As we continue to navigate economic uncertainties and evolving policy landscapes, the industry must remain resilient and adaptable to ensure long-term growth and stability.”
- ◦Financing
- ◦Economy
