About 70% of real estate investors believe that the real estate market are getting worse, up from 63 percent in June, the survey also found. Investor sentiment toward investing in real estate assets nationwide has also fallen. In August, 50% of investors said that now is a good time to invest in real estate related assets nationwide, down from 55% in June.

Decreased confidence in the real estate market reflects the economic data for that sector and means that investors may be feeling feeling the pinch in their market.

About 94 percent of investors polled said they view energy prices as harmful to the investment climate. Respondents also stated that they believe gasoline prices will continue to rise somewhat over the next three months. About 85 percent of respondents said they believe current international tensions are hurting the investment climate, while 75 percent are concerned about the Federal budget deficit and 72% worry about the danger of increased inflation.