Mark Sprague is the State Director of Information Capital at Independence Title and he recently gave his take on what is going on in the Austin Real Estate Market during these trying times. Mark has followed & forecast the Texas economy for decades & is highly respected in the industry. It’s important to note that, as the moderator mentioned several times during the brief, “Mark is not known for his optimism.” The reason that is important to note is because Mark is optimistic about Austin.
Since this was a Question & Answer session, we thought it best to summarize the Q&A in that format.
At the beginning of the presentation, Mark presented a number of factual statements:
- We are in a recession. Two negative quarters are the