Industry News

Investors less bullish on real estate market

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About 63 percent of surveyed investors expect economic conditions in the U.S. residential real estate market to worsen over the next year, and 32 percent said they believe that home prices will decline in that time, according to the latest UBS/Gallup Index of Investor Optimism. Overall, investor optimism hit a low point for the year in June at 58, according to the survey results, which is down six points from the May reading and represents a decline of 35 points since the start of the year. The index is conducted monthly and had a baseline score of 124 when it was established in October 1996. About 35 percent of investors said they expect home prices to increase in the next year, while 32 percent expect prices to remain unchanged. About 45 percent of investors rate conditions in the real estate market as good, while 5 percent rate the conditions as excellent. About 39 percent said conditions in their local community's residential real estate market are good, while 17 percent rated co...