Calm Down, Dallas' Real Estate Market is Just Fine. Only, Till It's Not.
GlobeSt.com reports in from yesterday's North Texas Commercial Association of Realtors annual brokers forecast shindig at the Hotel Inter-Continental in Addison, where 540 brokers turned out to see if, indeed, 2008 is shaping up to be a year of both gloom and doom. Not so much? Hard to say. See?
In true Dallas fashion, there was scant talk of a recession and plenty of optimism for the New Year. The well-rounded panel of pros agreed that deals are still getting done, rental rates perked up a bit last year and all markets appear stable as 2008 gets underway. The one caveat is the chaos that the concern of recession could ultimately trigger. "Concern is volatile," [Matt] Craft assessed. "People might start to be afraid and it's an election year. That could hurt us in decision-making situations."In other words: Everything's fine. For now. --Robert Wilonsky