UF Survey on Real Estate

[GoodWitch58]

http://www.cba.ufl.edu/fire/realestate/cres/findings.asp

"It doesn't look like prices are going to fall anymore."
Wayne Archer, director of UF Bergstrom Center for Real Estate Studies.
Interesting data...

 

[Rambunkscious]

This is great news!!! Just in time!!! Bottom is in!

 

[GoodWitch58]

yeah, pass the word to everyone!

 

[SHELLY]

It's also good news that might aid UF's quest for students to enroll in its Master of Science in Real Estate (MSRE) Program too! (Application deadline is April 15th.)


"For the survey, UF?s Survey Research Center asked a series of questions of 318 industry executives, real estate lawyers, market analysts, title insurers, financial advisers, market research economists, real estate scholars and other experts in the field. This represents an increase over the 183 respondents in the last survey."

Seems they failed to survey buyers.

 

[robertsondavies]

It doesn't seem that enrollment in the Masters of Real Estate program would be going too well, unless they can convince enrollees that it's "all up" from here.

American barbers surveyed declare that Americans need an extra haircut per year.

 

[TooFarTampa]

http://www.cba.ufl.edu/fire/realestate/cres/findings.asp

"It doesn't look like prices are going to fall anymore."
Wayne Archer, director of UF Bergstrom Center for Real Estate Studies.
Interesting data...

Boy you are on the ball goodwitch. There was a good article about this in the Business section of today's St. Pete Times.

Dr. Denslow, who is quoted in the story, is a highly regarded UF economics professor, by the way. The most interesting quote to me:

"We think prices will rise about 2 percent a year over the rate of inflation after this current period of adjustment," Denslow said. "I have to confess I don't know how long the adjustment will last."

So it pretty much says what many of us have been saying all along: Short-term things are tough, but long-term everything will be just fine.

http://www.sptimes.com/2007/03/10/Business/Boomers_may_yet_prop_.shtml

 

[robertsondavies]

"The Survey of Emerging Market Conditions targets the experienced leadership and professionals of Florida's real estate development and investment community to gain insights and market intelligence on matters of fundamental importance to real estate practitioners and policy-makers across Florida. "

hmmmm...... let's survey the developers and others with their livelihood on the line in real estate - let's see if they're optimistic about their livelihood; let's see if they predict that prices will rise on assets they currently hold, and hope to sell at the highest possible price to someone else in the future, even it that means taking a loss, for some.

 

[Just_In_Thyme]

It doesn't seem that enrollment in the Masters of Real Estate program would be going too well, unless they can convince enrollees that it's "all up" from here.

American barbers surveyed declare that Americans need an extra haircut per year.

Whether the market is at the top, bottom, or in the middle what does that have to do with enrolling in an educational program?

 

[TooFarTampa]

Actually, let me correct myself. The Times article was in regards to a report released by UF's Bureau of Economic and Business Research.

Here is a link to it. It is much more detailed and rooted in economics than the page goodwich linked to. I have not read it yet.

http://www.bebr.ufl.edu/FloridaFocus/FloridaFocus3_2_2007.pdf

 

[robertsondavies]

Thanks for the link to the other U. Florida paper. I like how the 8 page paper, which you deem as really pithy, sums up the bearish real estate argument in one paragraph... on page 19 the "real estate can go down" view is easily dismissed, although it does mention that there is this study by a school called Harvard University, which their economists say real estate could be headed for larger than usual downturn, due to the larger than usual and historic run up in prices due to credit availability, and low rates.

The U. of Florida economists dismiss Harvards economists views as non concencus.

Harvard University, to my knowledge is not yet handing out Minors in Real Estate for undergraduates, or Masters in Real Estate (MRE) to Graduate Students as is the University of Florida.