No one has a crystal ball, but if you would like to know what The Belt Team sees in the 2010 real estate market, you may want to check out the interview that the Northern Virginia Real Estate Times did with Terry Belt, CEO & Realtor with The Belt Team.
Here’s an excerpt ( and you can read the full article here) :
“Q. What are your thoughts with regards to the Northern Virginia Real Estate Market now and into 2010?
A. In short, better than 2009, 2008! However, as they say in real estate . . . location, location, location. The same perspective is true when answering this question. The answer will differ depending on where one lives. Residential real estate conditions are unique to the hyper-local market where one lives and are affected by school districts, price points, age and home type, transportation, foreclosures, etc. One can travel very few miles and go from a specific neighborhood/area that is in a strong Seller’s market to one in a Buyer’s market. Buyers in certain areas and price ranges are frustrated due to lack of homes available.
In general, the Northern Virginia area is currently in the most favorable trend we have seen for about 4 years. The overall inventory has not been this low since ” . . .
You can read the full article here!