Around this time ever year, several things always happen. The days start getting longer, people begin to prepare their tax returns, and economists make their predictions about the coming year. This year has been no different and we at PKC have had the opportunity to hear some excellent views about the economy and the real estate market for the coming year. The news has been, in a word, positive.
We had the opportunity to hear the news from George Mason University's Center for Regional Analysis (link). Its Director, Dr. Stephen S. Fuller, gave a presentation recently detailing both the national economy and the local economy. His presentation demonstrated that we are moving out of the recovery phase and into a growth or expansion phase. A great takeaway from his presentation was the strength of the local job market. As compared to other large metropolitan areas and the national averages, the Washington Metropolitan Area has far lower unemployment and is poised for more job growth. Fore more information, you can see the slides from the presentation here.
