Economic forecasts are tricky, what with so many state, national, and global variables at play (to say nothing about how a devastating weather event such as a hurricane or winter storm can reshuffle the deck mid year).
But using their collective understanding of current economic and market conditions and by looking at past market trends, the Texas Real Estate Research Center’s (TRERC) research team has made some educated guesses for 2023.
A few known risks in the near term may impact this forecast, and exactly how these scenarios play out will shift TRERC’s expectations. The direction and intensity of the following national and international factors will have a large influence on the Texas economy:
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