News
2016 Prediction: Not As Robust As 2015, But Still Strong
January 25, 2016
When people buy land, the economy booms. Last year, land acquisitions shot way up, moving the market in the right direction, Republic Title president Bo Feagin said at Bisnow’s Dallas State of the Market event last week. Bo (far right, with fellow panelists) says 2013 took off like a rocketship, and from 2014 to mid-2015, the market was as hot as he’s ever seen it (10% to 20% higher than it was in 2006 and 2007). Q4 2015 was slower, but it won’t hurt the economy. Apartment development has slowed and everyone is taking a breath to see the absorption, which looks like it should be good, Bo says. Big D’s fundamentals are good, leasing is up in office and multifamily, and home sales are up (although behind on the supply side).
