FAIRFAX, Va.--(BUSINESS WIRE)--Northern Virginia Association of Realtors® (NVAR):
WHAT
After a year of low housing inventory and regional trends that bucked the national ones, the Northern Virginia Association of Realtors® (NVAR) will present its 2025 housing forecast on Tuesday, December 17, 2024, from 9:00 – 10:00 a.m. Eastern. Presented by a panel of real estate and economic experts, the briefing comes on the heels of the National Association of REALTORS® (NAR) national forecast.
Based on research conducted by the George Mason University (GMU) Center for Regional Analysis, NVAR’s forecast will include regional sales trends, a breakdown by housing type (condo, townhome, single-family), and expectations for housing prices and inventory in 2025. The NVAR forecast serves as an example of a regional market forecast and will compare and contrast NAR’s national findings against regional expectations. Covered areas will include Fairfax County, Arlington County, Alexandria City, Prince William County, Loudoun County, and Stafford County. An open question and answer session will follow the briefing.
WHEN
Tuesday, December 17, 2024; 9:00 – 10:00 a.m. Eastern
WHO
Moderator:
- Ryan T. McLaughlin, CAE, CEO, NVAR
Panelists:
- Terry L. Clower, PhD, Director, GMU Center for Regional Analysis; and Northern Virginia Chair and Professor of Public Policy at GMU
- Casey Menish, 2025 NVAR President, Pearson Smith Realty
- Thai Hung Nguyen, 2024 NVAR President, Better Homes and Gardens Real Estate Premier
WHERE
Zoom link: https://us02web.zoom.us/webinar/register/WN_TKbz-J1iQ4yYCh2t-7EnZA
WHY
With more than 13,000 members, the Northern Virginia Association of Realtors® (NVAR) serves as the voice of real estate in the Greater Northern Virginia Region. In NVAR’s core areas, in 2023, the residential real estate market boosted total regional activity by $17B, which increased gross area product by $10.7B and supported 88,400 jobs that paid $6.47B in salaries, wages, and benefits. The jurisdictions served by NVAR enjoyed $313 million in revenue associated with business activities in residential real estate. Understanding the trends and issues impacting the market provides insights into the economic health of the region and the nation.
