<HTML><FONT FACE=arial,helvetica><HTML><FONT SIZE=2 PTSIZE=10 FAMILY="SANSSERIF" FACE="Arial" LANG="0">In a message dated 2/11/2007 8:06:49 AM Eastern Standard Time, bruce.wernek@mindspring.com writes:<BR>
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<BLOCKQUOTE TYPE=CITE style="BORDER-LEFT: #0000ff 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px"></FONT><FONT COLOR="#000000" BACK="#ffffff" style="BACKGROUND-COLOR: #ffffff" SIZE=3 PTSIZE=12 FAMILY="SERIF" FACE="Times New Roman" LANG="0">The last point I would like to make is this. The president of the RBA passed out a report on the condo sales situation in the DC metro area at the last meeting. She obtained this report (MriS Trends in Housing, Year-End 2006, Delta Associates) off of the MLS listings, which means only realtors have access. It states and I quote, “With a current inventory of almost 24,000 units (condos in Washington Metro area), it will take about four to six years to sell these units at current rates of sales velocity”. The article further states, “Only 663 new units were sold in the Washington metro area during the forth quarter (of 2006)”. Please read these last two sentences three times to make sure they sink in. They were written by realtors for realtors.</FONT><FONT COLOR="#000000" BACK="#ffffff" style="BACKGROUND-COLOR: #ffffff" SIZE=3 PTSIZE=12 FAMILY="SANSSERIF" FACE="Arial" LANG="0"><BR>
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The article also stated that Prince Georges County was the exception to the slowing sales in the area. Prince Georges County had a 50% increase in condo sales from last year.<BR>
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Just wanted to set the record staight. <BR>
</FONT><FONT COLOR="#ff0080" BACK="#ffffff" style="BACKGROUND-COLOR: #ffffff" SIZE=4 PTSIZE=14 FAMILY="SCRIPT" FACE="Vladimir Script" LANG="0"><U>Audrey</U></FONT></HTML>