Dallas Business Journal | Texas real estate recovery continues to outpace U.S., source says

Highland Capital Management’s Ted Dameris is bullish on the Texas real estate market, but when it comes to the U.S. economy — he’s a little bearish.

The uncertainty of U.S. regulations, coupled with the persistent high employment, subdued consumer spending and economic weaknesses overseas — perhaps there’s more distressed properties to shake out of the market, said Dameris, a managing partner at the firm charged with finding investment properties.

“We are facing some tough economic headwinds,” he said.

The overall U.S. real estate recovery, in general, will be pushed back until late 2012, or later, he said, which revises previous estimates on expected recovery.

That sluggish recovery will lead to the continuation of distressed real estate shaking out in the near term, he said…

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