I love me some data and infographics! This is interesting from J Burns

[Chris Seveney]

John Burns, who is one of the most reputable sources for real estate data has a daily fear and greed index (love the name)

Here are a few things that stuck out to me and I agree as we are seeing this ourselves:

1. MF asset value is down 12% YoY and office is down 25%. So those saying prices are increasing, it must be their specific market for these types of assets as nationally this is not the case.

2. Office and MF will continue to slide in 2024 (time will tell)

3. Investors in Q4 of last year changed from either increasing or decreasing exposure to a wait and see, which makes sense as they are waiting to see what the Fed does. What this tells me is "uncertainty is the enemy"

4. Access to capital is significantly harder to get. -- For me, if you ask any legitimate operator out there, if they tell you they have money falling from the sky, that would be shocking. There are a lot of GP's looking for money right now and its just not there. I have not heard a GP over the last six months say they sold out or oversubscribed their offering faster than anticipated. 

Link Below:

Fear-and-Greed-Index_Chartbook_2024-02 (2).pdf (dropbox.com)