Greater Washington Economic Conference
Dr. Steve Fuller, Economist at George Mason University says “The payroll job loss as likely to go deeper and longer – perhaps 18-20 months. There are currently 13 million unemployed, and many of these people will stay unemployed because the new jobs will have different qualifications than those for the people getting laid off. He predicted oil will still be below $80 per bbl in 2011. Normally there are 5 million house sales per year (it got up to 7 million a few years ago), and we are currently around 4.5 million now. Consumer spending will be a negative 1% in 2009 vs the normal 2.5% growth per year.
The Washington economy will have a 1.5% growth in GDP vs the negative nationally due the presence of the federal government. Where Detroit has autos; LA, films; Houston, oil; a third of our economy is directly tied into the feds, and that component is rising. Federal spending here will total some $135 billion in 2009. Federal procurement dollars have tripled over the last 10 years with much of the corresponding job growth going to Northern VA.
Job growth has averaged 46,500 per year since 1991 with some recent years as follows:
Washington is double the national job growth rate in professional and business services which have an annual salary of $75,000. Due to the region’s wealth, our retail trade job growth is 3 times the national average, and other services (such as daycare, etc.) twice. Steve sees the spread between our unemployment rate and the national rate (now 3%) perhaps growing to a 4% spread.
He thinks our economy will begin to rebound the second half of 2009 with a total net new job growth of 230,300 for the region over the next 5 years as follows:
Of these new jobs, Northern VA will have 125,900 and Suburban MD, Baltimore County etc., 66,000.
Needless to say, I feel blessed to live in an area so highly in demand.
SEARCH HARFORD COUNTY MARYLAND REAL ESTATE
Harford County Maryland Real Estate
FREE List of FORECLOSURES and SHORT SALES
I have lived in Maryland all my life and been an active real estate professional for the last 20 years. I have worked with numerous foreclosures, short sales, pre foreclosures, HUD homes and bank owned properties.
If you have a home to sell in Baltimore County, Baltimore City, Harford County or Cecil County call an agent that knows the area and works hard to make you a satisfied client. I specialize in Bel Air, Abingdon, Aberdeen, Forest Hill, Perry Hall, North East, Kingsville and the entire I95 corridor. For 20 years I have helped people buy and sell real estate and specialized in REO and foreclosure properties for investors and homeowners.
When I am not helping my clients with their real estate needs I enjoy spending time with my family and my Pomeranian Zeke, bible study, gardening and foreign mission work. In 2007 I founded Micah Missions a non-profit company designed to raise awareness and funds to assist the struggling Haitian refuges in the Dominican Republic.
If you have a home to sell in Harford county Maryland, the market is still difficult. You must give your home the edge above the competition. Nobody will like your outdated wallpaper, NOBODY. So spend a little money and have it removed and the walls painted. In this home we spent $2000 and had the dining room, kitchen, hall, bathroom and laundry room stripped of all wallpaper and painted an inviting neutral shade.
Sprucing up and neutralizing your property will make all the difference in the world and return you dollar for dollar on your investment.
In the next two years it is expected that up to 20,000 people will be moving into the area due to closings at Fort Monmouth, NJ and BRAC. While Bel Air is the most chosen area we can help you explore all the options in Harford County real estate.
So far, a small number of households have made the move, most settling into Harford County Maryland. Bel Air is a popular location because of the reputation of the schools. Other areas of Harford county to consider would be Churchville, Havre de Grace (Bulle Rock), Abingdon, Aberdeen, Edgewood and Forest Hill. All of these areas would allow a 20 minute or less commute into APG.
For those wanting a more rural place to live there are farther areas of Harford County like Darlington and Whiteford.
Another option is Cecil county. Although it is a farther commute the real estate prices are lower and lots sizes tend to be larger.
No matter what area you are considering we have you covered. Kelly is a long time resident of Harford County and her partner, Gloria Price resides in Cecil county.
SEARCH HARFORD COUNTY MARYLAND REAL ESTATE
Harford County Maryland Real Estate
FREE List of FORECLOSURES and SHORT SALES
I have lived in Maryland all my life and been an active real estate professional for the last 20 years. I have worked with numerous foreclosures, short sales, pre foreclosures, HUD homes and bank owned properties.
If you have a home to sell in Baltimore County, Baltimore City, Harford County or Cecil County call an agent that knows the area and works hard to make you a satisfied client. I specialize in Bel Air, Abingdon, Aberdeen, Forest Hill, Perry Hall, North East, Kingsville and the entire I95 corridor. For 20 years I have helped people buy and sell real estate and specialized in REO and foreclosure properties for investors and homeowners.
When I am not helping my clients with their real estate needs I enjoy spending time with my family and my Pomeranian Zeke, bible study, gardening and foreign mission work. In 2007 I founded Micah Missions a non-profit company designed to raise awareness and funds to assist the struggling Haitian refuges in the Dominican Republic.
SEARCH HARFORD COUNTY MARYLAND REAL ESTATE
Harford County Maryland Real Esatate
I have lived in Maryland all my life and been an active real estate professional for the last 20 years.
If you have a home to sell in Baltimore County, Baltimore City, Harford County or Cecil County call an agent that knows the area and works hard to make you a satisfied client. I specialize in Bel Air, Abingdon, Aberdeen, Forest Hill, Perry Hall, North East, Kingsville and the entire I95 corridor. For 20 years I have helped people buy and sell real estate and specialized in REO and foreclosure properties for investors and homeowners.
When I am not helping my clients with their real estate needs I enjoy spending time with my family and my Pomeranian Zeke, bible study, gardening and foreign mission work. In 2007 I founded Micah Missions a non-profit company designed to raise awareness and funds to assist the struggling Haitian refuges in the Dominican Republic.
SEARCH HARFORD COUNTY MARYLAND REAL ESTATE
I have lived in Maryland all my life and been an active real estate professional for the last 20 years.
If you have a home to sell in Baltimore County, Baltimore City, Harford County or Cecil County call an agent that knows the area and works hard to make you a satisfied client. I specialize in Bel Air, Abingdon, Aberdeen, Forest Hill, Perry Hall, North East, Kingsville and the entire I95 corridor. For 20 years I have helped people buy and sell real estate and specialized in REO and foreclosure properties for investors and homeowners.
When I am not helping my clients with their real estate needs I enjoy spending time with my family and my Pomeranian Zeke, bible study, gardening and foreign mission work. In 2007 I founded Micah Missions a non-profit company designed to raise awareness and funds to assist the struggling Haitian refuges in the Dominican Republic.
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Kelly Willey is a life long resident of Maryland and has 20 years real estate experience serving Baltimore, Harford & Cecil counties. Expert in foreclosures, short sales, REO's & bank owned homes.
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