DALLAS (WBAP/KLIF) – Could a recession be on the way?
More real estate execs are starting to believe it’s only a matter of time.
According to information gathered by property market observers, Robert Charles Lesser & Co., 46 percent of surveyed respondents believe an economic downturn has either already begun or will start in 2019. That’s a 16 percent increase from what people thought last year.
James Gaines is an economist at Texas A&M University and recently warned a local real estate group about the current uncertainty in the economy.
According to the Dallas Morning News, Gaines mentioned that on the surface level, everything looks great with new jobs in the DFW area, but warned about how negative attitudes about the economy can lead to “a self fulfilling prophecy”.
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