A survey of the 60 senior executives in the commercial real estate finance markets who compose the CRE Finance Council's Board of Governors found them optimistic about the present but increasingly doubtful about the year ahead.
For the third quarter, 84% of the Board indicated they are seeing the same or more activity today than before the pandemic—up from 57% in the second quarter.
Nearly double the number (47%) of the executives predicted foreclosures and REO assets will remain low, compared to the 26% who had the same outlook a quarter ago with a three-fold drop in those who thought there would be significant increases in those problem areas coming.
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