Get Ready for Some Economic Predictions (Prognostications) This Week!

By
Real Estate Agent with RE/MAX Allegiance, Managing Broker/Branch Vice President

Do you know the laws of Economists?

Economics

The First Law of Economists: For every economist, there exists an equal and opposite economist.
The Second Law of Economists: They're both wrong!

It's always interesting to listen to an economist talk.  Economists can either make you feel really upbeat or make you feel like you should head to the nearest watering hole, remove your REALTOR name badge, tear up your business cards and drink yourself silly.  For the latter effect, go see Nouriel Roubini (AKA Dr. Doom) speak (which I did in January 2008 in NYC where he predicted the subprime collapse and the recession out of which we still have not managed to break free from yet!)

Every year, for the past 13 years, the Northern Virginia Association of REALTORS (NVAR) has hosted the Annual Economic Summit, bringing together regional and national economists to detail the state of the national and regional economy and discuss the economy's impact on the Northern Virginia and Greater Washington D.C. real estate market.  I wrote about last year's summit here: The Prognostication of the Economists.

Looking back and reviewing the outlook from last year, the economists were right about a good number of things.  While they were a bit light on making predictions (and rather described the then current state of affairs), those predictions that they did make were pretty accurate.

Every year, the NVAR Annual Economic Summit is a DON'T MISS EVENT.

And this year, it's even better.  For members of NVAR, the cost is FREE!  Usually the Summit costs around $35-$40, but this year the NVAR Board of Directors (I'm currently running to be on the Board for next year) voted to provide free attendance as its own form of "economic stimulus"

So, Northern Virginia REALTORS: Head on over to the NVAR Economic Summit this Thursday for a chance to hear the predictions and prognostications from:

  • Dr. Stephen Fuller, Director, Center for Regional Analysis, School of Public Policy
    George Mason University, Fairfax, Virginia
  • John A. Courson, President and Chief Executive Officer, Mortgage Bankers Association

  • Dr. Charles Capone, Chief Economist, FHA, Director, FHA Office of Risk Assessment

  • Gerard N. "Jerry" Giovaniello, Chief Lobbyist, National Association of Realtors®, Senior Vice President, Government Affairs

Check back here at the end of the week for a full report on the event.

Click here to register for the NVAR Economic Summit -- even though it's free, you still have to register.

Also, if you're a Northern Virginia REALTOR, please vote in the NVAR Election for Board of Directors.

You can follow my campaign at Vote for Brian Block

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Rainmaker
343,455
Don Wixom
RE/MAX Advantage Nampa, ID - Nampa, ID
"Looking out for your next move..."tm

Brian, that sounds like a great event! Please keep us posted with the full report! Thanks! Best of luck to you in the election, as well!

Sep 13, 2010 03:01 PM #1
Rainmaker
456,150
Stanley Stepak
Howard Hanna - Avon Lake, OH - Avon Lake, OH
Realtor - Avon Lake, Avon, Bay Village, Westlake,

Love to hear back from you to see what they tell you. Hopefully it is a positive report and not another trip to the watering hole 

Sep 13, 2010 03:07 PM #2
Rainmaker
1,780,970
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Well, economics has been called the dismal science!

That NOVA annual seminar has been very well attended, year after year!  I think most go to hear Dr. Fuller.

Sep 13, 2010 03:11 PM #3
Rainmaker
564,023
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Brian,

I continue to be impressed by the influence of government policies and personal choices on the economy.

All The Best!
Steve

Sep 13, 2010 03:20 PM #4
Rainmaker
1,001,205
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Thanks for the reminder;  this is always a well attended event.

Hey, aren't you running for the Board or something?  ;-)  (j/k)

Sep 14, 2010 03:00 AM #5
Ambassador
2,073,579
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

We are seeing increased activity down here in the Sunshine State, which is always excellent news!

Sep 15, 2010 09:11 AM #6
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Brian Block

Northern Virginia & D.C. Real Estate
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