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2013 NVA Real Estate Forecast

Discussion in 'Broadlands Advertisers Forum' started by Steve Campot, Jan 1, 2013.

  1. Steve Campot

    Steve Campot Broadlands Real Estate Broker

    Joined:
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    Broadlands, VA 01.01.2013-Sales have been stable and prices have been rising since late 2009 in the Northern Virginia real estate market. I believe that trend will continue in 2013 and may pick up some steam. George Mason Center for Regional Analysis reports that NVA has added 18000 new jobs in 2012 and forecasts a rise to 21000 in 2013. However the 2013 forecast is a bit dated and I believe the job growth will be a little stronger in 2013. While it takes several factors for a real estate market to grow, job growth is the most important. As new workers move to a region to fill jobs they need a place to live. The current inventory of homes for sale is low and the region will only build 10000 new homes. Interest rates remain at historic low levels. All these factors indicate a good year for sales growth and price appreciation. Of course all this depends on Sequestration NOT HAPPENING! If you are interested in buying or selling real estate this year please contact me at 703-399-5109 or steve@sgcrealestate.com Happy New Year!
    By Steve Campot
    All Rights Reserved
     
    Steve Campot, Jan 1, 2013
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