The NAR predicts a 2007 decline?
Do national numbers really mean that much? I live in the N.Va market, we're still selling here, prices are down some, but the job engine just keeps on chugging along. We should consume our excess inventory over the next year and see slow appreciation into 2008 according to local real estate economists, but what about rent values? Anyone seeing any improvement there for N.Va? I'm talking $1,500 negative cash flow PER MONTH for many townhouse investors (accidental landlords). That could drag "accidental landlords" to a slow death.
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