News
COME OUT OF YOUR HIDING SPOTS
January 20, 2011
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| Famed local real estate analyst Haddow & Co's David Haddow, left, told IREM this week that 2011 will be all about ?preparing for recovery.? (He's pictured with Dinerman Group's Justin Dinerman at the IREM economic forecast at Ansley Golf Club.) While 2010's mantra was ?weather the storm,? David says this year's signals point to a better direction. Though many feared a double-dip recession, most argue the risk has passed since we're bumping along the bottom. David said other positive indications include some available debt capital, although lenders are still cautious. Recent trends show the strength of the urban market coming back from the 'burbs and new industries (like film production, renewable energy, payments processing, Internet security companies, and call centers) and business expansion in the metro area. Still, there's been a giantdisconnect between our expanding population and our availability of jobs. David left the group with the words "Reduce, Reuse, and Renovate." |
