Northern Virginia Building Industry Association Real Estate Outlook Presentation

At a recent Northern Virginia Building Industry Association Real Estate Outlook presentation, it was easy to see where the US housing market is today. It has either hit the bottom, is soon to hit the bottom, or could hit the bottom a second time. Clarity - I love it! Despite the diversity of predictions, and the many unknowns, there are a few things that we can all agree on:

• Interest remain low, and will likely do so for at least the short term.
• Availability of credit to the homebuyer/homeowner is critical to a recovery.
• Job losses must taper off and unemployment must decline for a recovery to be successful.
• The rate of recovery will vary in different regions of the US.
• Population is forecast to grow.

At SugarOak Corporation, we have continued to work with our client’s throughout the housing downturn. Our experienced and talented SugarOak Associates and team members have the flexibility to work on a myriad of residential projects, from small renovations, to new custom homes. At SugarOak, we will continue to work with our client’s to face the challenges ahead. We will provide the quality, craftsmanship, design and price that will make your next project exceptional and affordable.