UH economist delivers positive swan song
Modest job growth throughout the year will help rescue Houston’s real estate market, Houston economist Barton Smith said today at what was his last symposium speech as head of the University of Houston’s Institute for Regional Forecasting.
Houston is working its way out of the recession quicker than he and most other observers thought would be the case, said the longtime UH economics professor, who is retiring at the end of the summer.
“The old wisdom that because Houston was so late in getting into the recession that it would be late in getting out of it simply proved to be wrong,” he said in the Imperial Ballroom of downtown’s Hyatt Regency Houston Hotel.
Swanky Galveston condos to be auctioned
Usually the first people to buy into a condo building get the best deals. In the case of Palisade Palms, the bargains may be coming on the backside.
Twenty-seven beachfront condos in the luxury Galveston development are being auctioned off next month.
The auction will take place at 1 p.m. on Sunday, June 6 at the Omni Houston Galleria.
(source: Prime property blog/Chron.com)
