FEBRUARY 2020
Capturing REAL Moments in Real Estate since 1995
VOLUME 24 • ISSUE 10
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Housing Market Predictions For Our Area WRITTEN BY RIKI MARKOWITZ
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A few attendees came poised to hear some sobering news, a sentiment Rude had been anticipating. “The last three major recessions arrived unannounced. How will the next one arrive?” he asked. But in an earlier speech, Coronado said that despite a second year of a “slowing global economy . . . slower can be OK.”
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The event, held on Jan. 14 at the AT&T Executive Education and Conference Center, featured analysis of housing and economic trends by Julia Coronado, founder of MacroPolicy and a clinical associate professor at the University of Texas McCombs School of Business; Randy Clarke, CEO and president of Capital Metro; and Rude, principal at 360 Real Estate Analytics.
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Every year, housing industry professionals eagerly await word from speakers at HBA’s Annual Housing Forecast on whether this will be the year the economy stalls. It’s a prediction that could lead the way for Central Austin real estate prices to fall more in line with the rest of the country. But yet again, the message to about 750 REALTORS, agents, home builders and investors in attendance was that there’s no recession in sight and demand for housing is and will continue to stay strong. Housing industry expert Eldon Rude, kicked off his 18th keynote speech at the conference declaring, “It’s going to be a huge year.”
