Is Washington's Market Making a Slow Recovery?

Elizabeth Razzi, Washington Post writer, chatted over lunch with two deans of the brokerage business, John McEnearney, 81, founder of McEnearney Associates, and P. Wesley Foster Jr., 74, founder of Long & Foster Real Estate. Her hope was to gain some perspective on the Washington-area housing market.

Some of the things the trio touched on were:
1. How does this market compare with others you've seen?
2. How much longer might the market go on like this?
3. How much of the run-up in prices was due to inflation, and how much to changes in the Washington area?
4. What should buyers do now?
5. Advice for sellers?
6. What if the economy doesn't recover soon?
7. Is traffic a housing issue?

If any of these questions are of interest to you, click here to read Brokerage Barons See Washington Making a Slow Recovery article from Saturdays Washington Post.

Until next week..

Angela Jones
AngelaJonesRealEstate.com

Swooping In From Overseas

By Dina ElBoghdady
Washington Post Staff Writer
Saturday, March 15, 2008

With the U.S. dollar at its weakest level in decades, international buyers are chasing housing bargains here, eager to take advantage of their purchasing power and the declining prices in some of the best-known U.S. cities.

Against that backdrop, the Washington area is luring more than the usual crowd of diplomats. Now that the dollar is cheap, the region's appeal has broadened, enticing international business types and sophisticated investors who find comfort in the area's global reputation as a recession-proof market.

Click here to read the entire Swooping In From Overseas article

Angela Jones
AngelaJonesRealEstate.com