Real Estate Executives Remain Optimistic

Despite higher interest rates, most real estate professionals still feel good about their industry, according to a Bryan Cave survey of real estate professionals nationwide.

Sixteen percent of respondents expect the housing market to strengthen over the next 12 months, while 47 percent think it will stay the same. However, 35 percent foresee a slowdown and the rest don't know at this point.

Nearly one-third of these real estate executives say they plan to make an investment in the northeast portion of the country, and 15 percent are looking in the Southwest. Most are interested in investing in city office buildings and high-rise residential buildings. More...