Is the Northern Virginia real estate market leveling?
George Mason University's Center for Regional Analysis reported this week on the local economy and provided their 2008 outlook. By any measure, their data showed that the housing market is weak. However, the report also included information that may be new to some readers:
- The local economy and housing market are doing better than many other cities.
- Strong job local job growth is helpful to the economy and housing market.
- August 2007 represented a low point for the housing market, in many respects.
- Housing prices are expected to be flat, overall, in 2008 (but individual areas could see values rise or fall.)
- The local economy should be slightly stronger in 2008 than in 2007.
You can download the report at the following URL:
posted by M. G. at
2:55 PM
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