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Index: Recovery Far Off for Capital Markets

WASHINGTON, DC-The Real Estate Roundtable's new prognostication tool is not providing much hope for a recovery in the next 12 months.

By Erika Morphy | Updated on August 12, 2008

WASHINGTON, DC-Survey results from the Real Estate Roundtable’s new quarterly economic index do not bode well for the industry. This newly unveiled quarterly survey of real estate executives gauges industry opinion on both current and future performance. If its prognostications are correct a recovery is at least one year away. Indeed, the findings showed that the pessimism has increased since April 2008.

That was when Real Estate Roundtable tabulated its findings from its first survey of the 100 or so senior executives for the previous quarter–but did not publicly release the results. These findings, however, it is making public, and it will continue to do so going forward.

“Washington has been focused on this issue for many months,” Roundtable president and CEO Jeffrey DeBoer, noted to conference call listeners. “This survey should serve as a continuing notice to lawmakers to keep working on the solutions.”

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