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The NAR predicts a 2007 decline?

By
Services for Real Estate Pros with Brett Cole Insurance Agency
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.

Comments(3)

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Jason Vombaur
Keller Williams - Vancouver, WA

You must invest correctly or you will get killed.  So many investors get excited and get in over thier head.

The"J" Team

Apr 16, 2007 05:27 PM
Brett Cole
Brett Cole Insurance Agency - South Riding, VA

It's funny, even after a slow year, people still think the next hot market is just around the corner.Sellers still want too much and probably need too much based on their outrageous purchase prices

Apr 17, 2007 01:09 PM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

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