Ritu Desai- Top Producer Realtor in Northern Virginia

By Kenneth R. Harney Saturday, January 6, 2007; F01   What's the shape of a post-bubble, post-correction real estate market? And more to the point: What does that mean for you? Those questions are becoming increasingly relevant as the latest sales data show a small but unmistakable uptick in activity and declining unsold inventories. ...

The year will end with existing-home sales 9 percent lower than in 2005 and home-price appreciation closing out the year essentially flat. The more cyclical new home sales are projected to finish the year 18 percent below that of last year, and post a reduction in prices. But there is good news: the market has essentially already bottomed. The ...