What I Learned at NAA About the Economy’s Future

Whew.

What a GREAT week last week at the National Auctioneers Association Conference and Show in Orlando, Fla. We came home on Saturday, and it’s taken a few days to let the week soak in. The NAA consists of over 4,000 auctioneers from all across the US and around the world. It was a great week to meet, learn from, and fellowship with those in the auction profession.

The week started with my wife Cindy and me taking our two (adult) children, Caley and Jared, to Disney World. The true kids in all of us came out as we enjoyed the rides and fun. I then spent the next several days in seminars and meetings, where we in the NAA shared opinions on our experiences in the real estate markets around the country. We discussed how technology is revolutionizing the auction method of marketing and renewed many old acquaintances and met many new friends.

The week was a special time to see my sister and fellow shareholder of J. P. King installed as the 63rd president of the National Auctioneers Association. She’s the first Alabamaian and the first female to serve in such an important role for our industry. What an honor! I know she’ll do great things for the NAA over the course of the next year — great things that she already has in the works.

I was also surprised during the convention with personally being inducted into the NAA HAll of Fame. I am truly honored with this recognition and appreciative to my fellow auction professionals.

As I accepted the Hall of Fame award, my sister, Christie, was obviously pleased with my surprise in the background.

We heard from many great speakers this year from within and outside of the auction industry. One speaker particularly stuck out to me, though. Alan Beaulieu, an economist, taught a class on “Forecasting the Future.” His opinion is that we may see a slight uptick in the economy through the remainder of 2011 and 2012 before sliding back into a recession in 2013 and 2014. While this certainly is not good news, it does provide us with a window to make decisions related to the disposition of assets before some more difficult times in the near future. Is now the best time to sell a property? Or do you have different thoughts on the way the economy might play out in the next several years? I’d love to hear your thoughts.

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~ by Craig King on July 21, 2011.

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