Curious to know what 2020 will bring for real estate; Here are the current trends.

  • Longest expansion-GDP
  • Consumer confidence remains high
  • Unemployment rate of 3.7% for the US
  • Low rental vacancy-35 year low
  • Homeowner vacancy-40 year low
  • high home prices 

Source: Lawrence Yu, chief Economist with NAR

Coming closer to our region DC,SMD and NOVA.

In 2018, the D.C. regional economy added about 30,000 jobs – significantly slower than the previous year but still decent job growth-George Mason University Center for Regional Analysis.

 

Northern VA