A sold-out crowd attended the annual NVAR Finance Summit in Fairfax on Wednesday, May 24 to hear four expert panelists answer the question, “Will headwinds or tailwinds impact our market forecast?” The program featured Dr. Terry Clower, George Mason University Center for Regional Analysis director; Dr. Lynn Fisher, Mortgage Bankers Association vice president of research and economics; Ken Fears, National Association of Realtors® director of regional economics and housing finance, and John French, Access National Mortgage senior vice president for production.

Powerpoint presentations from the event, which was broadcast on Facebook Live, can be downloaded by visiting nvar.com/realtors/news/blogs-multimedia. The video is available on NVAR’s Facebook page: facebook.com/nvar.realestate/

Dr. Terry Clower, director of the GMU Center for Regional Analysis, used this summary to share his assessment of the region’s economic landscape.

The Mortgage Bankers Association posts a monthly economic forecast on mba.org, explained Dr. Lynn Fisher, its vice president of research and economics. “We expect a continued moderate pace of growth,” Fisher said.

Citing unknown factors in the current administration, Ken Fears, NAR director of regional economics and housing finance said that the fourth quarter of 2017 could cause turmoil in the housing market.