Breakfast with Dr. Mark Dotzour and the Commercial Forecast
The following is an excerpt from NAR’s Commercial Blog, The Source, and is written by Rob Warmowski.
The eggs were scrambled, but may as well have been sunny-side up. Dr. Mark Dotzour, Chief Economist at Texas A&M University’s Real Estate Center, opened more than a few eyes Saturday morning at the NAR Commercial Caffeinated Breakfast with some bold, optimistic statements and solid one-liners in equal measure.
Sponsored by Inland Real Estate Group, REALTORS® Federal Credit Union, the Florida Association of REALTORS® and Xceligent, the Commercial Caffeinated Breakfast kicked off with Dotzour bullish on commercial real estate, bearish on gold, and ready to separate the real economic recovery indicators from the fake ones.
Tax credits to buy houses or cars? Signs of a fake economic recovery, according to Dr. Dotzour. “When people buy these things because they want to,” is the true mark of recovery, which he believes we are in now. “For the first time in years, I’m more optimistic than you are,” announced the deadpan-hilarious Texan before spelling out the reasons for the bright outlook.
You can read the rest of the post here.
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