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Economic Crystal Balls -- Are They a Bit Foggy?
Undoubtedly, it's the number one question that I hear every day.  Week in and week out.  Clients ask it.  Potential clients ask it.  Friends, family, even strangers ask me.  A dozen Kiwanis Club members asked me last week when I spoke about real estate to their group.
 
Yes, that question is:  Where's the real estate market going?  What will the future bring?  Are we at the bottom?  Are prices going down?  What about foreclosures?  How's the general economy effect the real estate market?  Are you keeping busy?  Times must be slow?
Okay, that's actually 8 questions, but in reality they're all encompassed in that first general purpose query.
This past week, I attended the 12th Annual Northern Virginia Association of REALTORS Economic Summit held at George Mason University.  Since I've been in real estate, I've attended this summit every year and in the past have been active in helping to plan and organize the meetings.  It's a don't miss event for real estate professionals seeking to understand where we've been, where we are, and where we're heading in the economy and the regional real estate market.
Four economists spoke this year at the Summit:  Dr. David Seiders (Chief Economist of ... more

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