I probably spend more time answering the question, "what is going on with the Real Estate market?" than any other question. I own a small brokerage, so I am constantly looking for my own sources so that I am prepared each time this question is asked. If you haven't checked out the George Mason Center for Regional Analysis website, I would highly recommend it. The put together periodic Housing Reports, geared toward the Northern Virginia area. The website is http://www.cra-gmu.org/. They recently posted the 2007 Housing Market Forecast. It is worth taking a look.
Personally, based on the recent pace of phone calls and inquiries, I would say the market is starting to pick up. My listing calls still slightly outpace my buying calls, but in the fall there were no buying calls!
I would be interested to see what the rest of you are seeing...
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