The document summarizes the Alabama Real Estate Confidence Index (ARECI) survey. Some key points: - The ARECI survey is a quarterly online survey of real estate professionals in Alabama that measures expectations for real estate market conditions. - The most recent Q3 2010 survey found somewhat unfavorable outlooks compared to the prior quarter, with commercial real estate having a more favorable outlook than residential. - The survey calculates indices for various indicators like sales, inventory, and credit availability across different regions and property types. - Over 600 real estate professionals have participated in the voluntary ARECI survey to provide their forward-looking views. The results are compiled and shared with participants and the public.