2. P LEASE IDENTIFY YOUR PRIMARY MARKET AFFILIATION . Primary Market - - PowerPoint PPT Presentation

2 p lease identify your primary market affiliation
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2. P LEASE IDENTIFY YOUR PRIMARY MARKET AFFILIATION . Primary Market - - PowerPoint PPT Presentation

G AZARIAN CENTER REAL ESTATE SENTIMENT INDEX REPORT SPRING 2013 J. Andrew Hansz, Ph.D. CFA, MAI Director, Gazarian Real Estate Center Professor, Department of Finance and Business Law University Business Center / Craig School of Business 5245


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SLIDE 1

GAZARIAN CENTER REAL ESTATE

SENTIMENT INDEX REPORT SPRING 2013

  • J. Andrew Hansz, Ph.D. CFA, MAI

Director, Gazarian Real Estate Center Professor, Department of Finance and Business Law University Business Center / Craig School of Business 5245 North Backer Avenue M/S PB7 Fresno, California 93740-8001 559-325-4732 hansz@gazarian.info www.gazarian.info

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SLIDE 2
  • 1. PLEASE IDENTIFY YOUR PRIMARY FRESNO REAL ESTATE
  • ACTIVITY. (PLEASE SELECT ONE)

0% 5% 10% 15% 20% 25%

Professional - civil engineer Successor entrepreneurial Consumer - industrial property Governing Professional - architect Professional - consultant Consumer - agriculture property Consumer - commercial property Entrepreneurial (Developing) Investing Professional - law Professional - property management None of the above. Please explain below. Lending Consumer - homeowner Professional - appraiser Professional - broker / sales

Primary Fresno Real Estate Activity Spring 2013 n=168

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SLIDE 3
  • 2. PLEASE IDENTIFY YOUR PRIMARY MARKET AFFILIATION.

0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Retail Industrial Land Multi-family residential Office Agricultural Single-family residential

Primary Market Affiliation Spring 2013 n=168

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SLIDE 4

3 & 4. PLEASE INDICATE YOUR ESTIMATE OF THE CURRENT AND 6

MONTH PROJECTED CYCLE STAGES FOR THE FOLLOWING FRESNO REAL ESTATE MARKET SEGMENTS.

Single-family residential Retail Office Multi-family residential Land Industrial Agricultural Overall

Decline Mild Decline Stable Mild Growth Growth

Present and 6 Month Projected Cycle Stages Spring 2013 n=168

Present 6 Month Projection

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SLIDE 5

5 & 6. PLEASE RATE YOUR CURRENT AND 6 MONTH

PROJECTED SENTIMENT LEVELS FOR THE FOLLOWING

FRESNO REAL ESTATE MARKET SEGMENTS.

Single-family residential Retail Office Multi-family residential Land Industrial Agricultural Overall

Negative Mild Negative Neutral Mild Positive Positive

Present and 6 Month Projected Sentiment Indices Spring 2013 n=168

Present 6 Month Projection

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SLIDE 6
  • 7. OVER THE NEXT 6 MONTHS, WHICH FRESNO REAL ESTATE

PROPERTY TYPE HAS THE BEST INVESTMENT POTENTIAL?

0% 5% 10% 15% 20% 25% 30% Office Industrial Retail Land Multi-family residential Single-family residential Agricultural

Best Investment Potential Spring 2013 n=168

Series1

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SLIDE 7
  • 8A. PLEASE INDICATE IF YOU LEASE OR

OWN YOUR SPACE

0% 20% 40% 60% 80% 100% 120% Agricultural Industrial Land Multi-family residential Office Retail Single-family residential

Lease or Own Space Spring 2013 n=168

% Own % Lease

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SLIDE 8
  • 8B. INDICATE IF YOU PLAN TO EXPAND OR CONTRACT YOUR

REAL ESTATE SPACE

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Agricultural Industrial Land Multi-family residential Office Retail Single-family residential

Real Estate Space Usage Changes Spring 2013 n=168

% Expand % Contract % No Change

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SLIDE 9
  • 9. OVER THE NEXT SIX MONTHS, WHAT IS YOUR EXPECTATION

FOR THE CHANGE IN SINGLE-FAMILY RESIDENTIAL MORTGAGE INTEREST RATES?

0% 10% 20% 30% 40% 50% 60%

Decreasing No Change Increasing

Expectation of Residential Mortgage Interest Rates n=168