AngelouEconomics to Host Economic & Technology Forecast

AngelouEconomics will host the annual Economic & Technology Forecast next Thursday, January 24, at the Austin Convention Center. The Economic & Technology Forecast is billed as the largest business event in Austin, with attendees including public officials, educators, media, economic analysts and business executives from Central Texas’ technology, legal, real estate and services industries. Speakers include Angelos Angelou, the Founder and CEO of AngelouEconomics, and Zanny Minton Beddoes, the US economics editor for The Economist.

The Austin real estate market will be among the topics covered. According to a recent press release, AngelouEconomics predicts that "Continued population and job growth in 2008 will cushion Austin’s housing market from the worst effects of the subprime mortgage crisis. Continued housing price increases, especially at the rate of 7% annually seen from 2004-2007, may be slowed to the average growth of 4-5% historically seen from 1988-2004. Apartment vacancy rates, typically seen as a leading indicator for decreased home sales, are down to a five-year low, indicating that lower-end and first-time homebuyers have been priced out of the market or do not have sufficient credit to qualify for new, stricter requirements." If that tasty tidbit of pecuniary prognostication has your mouth watering for more, and if you don't mind spending $165 for breakfast, we'll see you there!