We are so fortunate to be in the DC Region because the the data suggests we will be insulated from the downturn. We welcomed Keith Waters on Thursday, the Chief Economist from George Mason, who shared important figures with the TTR Sotheby’s team during out Quarterly Meeting at the Four Seasons in Georgetown.
Federal Spending: Strong federal spending will continue to buffer the
regional economy from possible recession.
Jobs: Continued strength through the end of the year, particularly in the
professional, scientific, and technical services jobs.
Real Estate: Existing Home Sales stabilizing around current levels, with detached and townhomes making a greater share the previous year. Our market continues to have limited inventory across all housing types.