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Survey: Top Real Estate Execs Cautiously Optimistic on Housing and the Economy

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Economic confidence locally vs. globally: Overall economic confidence increased significantly when the executives are looking closer to home. More than three times as many say their confidence in their local economies has improved since January, vs. overall confidence that the world economy has improved.

Year-over-year economic confidence: The level of economic confidence among respondents has diminished across all economic sectors when compared to last year’s survey.

Global economic confidence is 14 percent in 2013 versus 16 percent in 2012. U.S. economic confidence is 21 percent versus 47 percent; State economic confidence is 39 percent versus 65 percent; Local economic confidence is 46 percent versus 77 percent.

Brokerage profitability: In an area that broker-owners have more control over, 95 percent say they are confident that their real estate brokerage businesses will be more profitable in the next 12 months than they are today; nearly half say they are “very confident” (48 percent) and 47 percent say they are “somewhat confident.”

Imprev inaugurated the Thought Leader Survey in 2012 to provide insight on key business challenges top executives face, encouraging an exchange of ideas and solutions.

The survey was conducted in late October, after the announcement of the re-opening of the U.S. government. Nearly one-third of the 260-plus respondents are 61 years old or older; 38 percent are 51 to 60; 19 are 41-50; and 13 percent are 31 to 40. None of the respondents are under 30.

For more information visit www.imprev.com.

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