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really the case. He said that, with interest rates falling and prices flat, it’s actually a great time to buy a house.
Although the real estate market in Rappahannock is relatively stable. Leake said instability in surrounding counties could still have an effect here.
“A lot of people in Rappahannock work in the real estate field and that probably would be impacted by what's going on in other markets,” he said.
Miller said the high volume of government jobs, plus the employment that comes from suppliers, contractors and other workers that benefit from government activities makes the region more stable economically than other parts of the nation.
The best thing about our area, or the D.C. area, is if we do have a slowdown in the economy or a recession, we're generally the last area of the country that actually feels the effect of the recession and the first one out," he said.
E-mail the reporter at kallenGPtimespapers. com.
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