Real Estate Summit in DC

Jay and I are attending the annual REALTOR mid year meetings in DC this week and one of the events that we participated in yesterday was a day long Real Estate  Summit which was all about ” Advancing the U.S. Economy” .

The information exchanged was incredible. We heard from people like former Representative Harold Ford, Pat Buchanan, Dr. Robert Reich, Secretary of HUD Shaun Donovan and Alan Greenspan to name just a few.

The over all message was that we are entering into a recovery period but everyone was cautiously optimistic. Many talked about home pricing and reiterated the fact that it will be a good long time before we see any kind of major appreciation.

The market movement we’ve seen in Southern NH is also shared by many other states and while real estate has picked up the word at the summit was more changes need to happen, especially within the banking industry, short sales, tax credits and housing incentives were heavily discussed.

The information we received is worth reading and REALTOR magazine has published an excellent report which I have linked below.

http://speakingofrealestate.blogs.realtor.org/2009/05/12/real-estate-summit-legislative-and-political-forum/