Porter Hedges Real Estate partner George Craft was quoted in the Houston Business Journal in an article reporting on 2011 real estate predictions.
George Craft, a real estate attorney with Porter & Hedges LLP, said that as late as November of 2010, he would have said 2011 would be similar to 2010.
“But it seemed like commencing Jan. 1, it’s as if somebody turned the spigot on full blast,” Craft said. “A few months ago, my predictions would have been vastly different from what I see now. All phases of real estate seem to be thriving.”
But, he added, there is still a long way to go.
“I don’t think it will be white hot like it was four years ago, but I think 2011 will be better,” Craft said. “2010 was predicted to be flat, and it pretty well lived up to those expectations.”
For the full article, see here.