As detailed in Part 1, respondents to RCLCO’s latest Market Sentiment Survey are feeling slightly less optimistic than they were six months ago, but most still see continued stability in market conditions for the near- to mid-term. Two-thirds (65%) of respondents believe the next U.S. real estate market downturn will not begin until at least 2019, and current sentiment is higher than it was a year ago. As such, respondents predict maturing but stable conditions to continue for at least the next year for most real estate product types. Nonetheless, they remain vigilant about when markets tick over from late stable to early downturn conditions, and how much upside remains. Sentiment suggests apartments and retail may be the first to peak. Read Part 2 Here
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