National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Trepp Survey Shows “Modestly Optimistic” Outlook on Economy
Trepp’s inaugural survey of its podcast listeners revealed a “modestly optimistic” view of the near-term economic outlook. Nearly 45% of respondents said national economic conditions would present a tailwind by year’s end, well above the 29% who said national economic conditions would present a headwind. However, Trepp says, “the sentiment was far from being universally bullish.”
The outlook on local conditions was less positive. About 39% of respondents were optimistic that local economic conditions would present a tailwind, six points below the national reading, and only 10% above the level of respondents that felt near-term local conditions would represent a headwind.
Regarding CRE fundamentals, “the results hinted at the same tepid recovery,” says Trepp. Only 1% expected fundamentals to strongly improve; 39% expected modest improvement, and 36% expected things to be about the same in the near future. A little over 20% expected fundamentals to retreat.
- ◦Economy
