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Stimulus Sparks Confidence, UF Survey Finds

GAINESVILLE, FL-A Bergstrom Center study finds favorable responses this quarter.

By Carl Cronan | Updated on May 12, 2009

GAINESVILLE, FL-The latest quarterly survey by the University of Florida’s Bergstrom Center for Real Estate Studies shows that respondents are gaining confidence in government stimulus plans to unfreeze credit and revitalize business conditions. Positive responses to many questions indicate light at the end of the tunnel, say the surveyors.

“People believe in some instances that a lot of what the government is doing to try to inject capital into the system may actually have some effect,” says Timothy Becker, director of the Bergstrom Center. He notes that the most significant finding is that respondents’ perception of their own business outlook has improved after three years of steady decline.

Another positive finding is the perception of availability of capital, which Becker says jumped to its highest level in three years of surveying by UF. Respondents expect some money to trickle back into real estate as investors gain confidence in the steps banks are taking to remove bad assets from their balance sheets, he says.

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