“I don’t think we’ll see another recession,” said Mark G. Dotzour, chief economist and director of research at Texas A&M University at yesterday’s CCIM Live! economic panel luncheon. “We have too much pent up demand.”
Dotzour had the most optimistic outlook of the three economists on the panel. He cited such factors as the uptick in U.S. household net worth, exploding Internet sales, and the decline of household debt service payments as indications of an economic recovery.
Read more...Economists Offer 2013 Commercial Real Estate Outlook | CCIM Institute
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