TUSCALOOSA, Ala. — Real estate professionals in Alabama have “modest expectations” for improvement in the overall Alabama real estate market but generally don’t expect much change in the overall national real estate industry for the second quarter of 2010, according to the latest Alabama Real Estate Confidence Index compiled by the Alabama Center for Real Estate at The University of Alabama.
The second quarter Alabama market score was positive at 54, a slight deterioration from 57 the previous quarter.
The entire report can be found at http://www.acre.cba.ua.edu/pdfs/ARECI-2nd_Qtr.pdf
The ACRE Leadership Council established the statewide industry confidence index in 2009 as its first initiative.
ACRE, housed within UA’s Culverhouse College of Commerce, collects, maintains and analyzes the state’s real estate statistics. ACRE provides estate research, forecasting and professional development that includes hosting the annual Alabama Commercial Real Estate Conference & Expo (www.acreconference.ua.edu).
The Center, established in 1996, acts as an industry liaison for business school students pursuing a career in real estate and provides interaction with more than 900 real estate program alumni. For more information, visit www.acre.cba.ua.edu.