February 13th – 15th was a fun time for REALTORS® and their local association staff in Richmond! DRRAR was well represented at this year’s Virginia REALTORS® Economic and Advocacy Summit. Our 2018 President, Donna Gibson, and the Association Executive, Erica Sturkie, attended on behalf of DRRAR and met the Lieutenant Governor and several legislators representing the Danville/Pittsylvania County area and surrounding regions.
Special guest speakers included Dr. Lawrence Yun, Ph.D., Chief Economist from the National Association of REALTORS®. His very enlightening presentation covered Economic & Real Estate Outlook for 2018, which covered President Trump’s Tax Reform and how it is predicted to affect the housing market in the future. He also touched on data trends in the housing market pertaining to first-time home ownership, home sales, mortgage rates, etc. Click here to see Dr. Yun’s slides from his presentation on February 14th, 2018.
The other guest speaker, Stephen Moret, President & CEO at Virginia Economic Development Partnership, spoke about the business state of Virginia by discussing where we’ve been, where we are now, and where the new administration wants to go. Click here to see Mr. Moret’s slides from his presentation on February 14th, 2018.
Finally, DRRAR took home another RPAC Triple Crown trophy this year! For the third year running, we have met or exceeded all three of our RPAC goals set forth by Virginia REALTORS®. Congratulations to all of our membership who made this wonderful achievement possible!