...excerpt from Christine Todd, CEO of NVAR... "If 2008 can be compared to a sickening roller coaster ride that went off the track, could 2009 be compared to a mighty sailboat caught in the "perfect storm"? Depending on how good the captain is, we don't know if we will end up at the bottom of the sea as the Andrea Gail did or ride out the storm, tattered but alive!  

People who know me characterize me as an optimist. I agree with that! But, also I would sprinkle in "a large dose of reality" to that characterization!     Trying to get a handle on the national real estate market is a mixed bag and difficult to do. Some regions of the nation will take years to absorb an overbuilt inventory of new homes. Some regions will see homes abandoned or foreclosed upon as the unemployment rate in those neighborhoods remains above 10 percent with no prospect of newly created jobs. And, other regions will have problems moving inventory as the population in that region continues to decline.   So what can we expect in the Northern Virginia and metro-DC region?"

Join us February 3, 2009 at 10 a.m. as Christine Todd, CEO of NVAR shares with us her predictions for 2009.  In this session we will explore the Market statistics that are an essential part of understanding the local real estate market.  Ms. Todd will share her overview of the Northern Virginia and Greater Northern Virginia markets. Data includes sales and listings totals, average sales price and total dollar volume, with comparisons to the previous year.

Keller Williams Realty

12355 Sunrise Valley Drive, Suite 120

Reston, VA 20191

Phone 703-679-1719

......"A ship in harbor is safe -- but that is not what ships are built for." John A. Shedd