As our lives continue to be disrupted by the Coronavirus, I will be posting weekly updates on the Vienna, Arlington, and Falls Church real estate markets. Today, I'm focusing on Falls Church. Given the timeframe, I focused my attention on new listing activity since last Monday, March 16th. Market Statistics in Falls [...]
As our lives continue to be disrupted by the Coronavirus, I will be posting weekly updates on the Vienna, Arlington, and Falls Church real estate markets. Today, I'm focusing on Arlington. Given the timeframe, I focused my attention on new listing activity over the past 10 days. Market Statistics in Arlington: March [...]
As our lives continue to be disrupted by the Coronavirus, I will be posting weekly updates on the Vienna, Arlington, and Falls Church real estate markets.Today, I'm focusing on Vienna. Given the timeframe, I focused my attention on new listing activity over the past 10 days. Market Statistics in Vienna: March 16-March 25th, 2020 • [...]
Significantly more Americans are choosing to age in place. According to a recent Freddie Mac report, the current home ownership rate for adults ages 81-85 is 15% higher than it was in previous generations. It makes sense when you think about it. We're living longer and taking better care of [...]
From a Statistical Standpoint, is it Really More Lucrative to List a Home for Sale in the Spring? Over the past decade, the Northern Virginia real estate market has followed a predictable trend: January and February are always the slowest months in terms of homes sold. Home sales then pick [...]
When it Comes to Your Home, 'Green' and 'Healthy' Aren't Always the Same Thing We spend most of our lives inside our home, surrounded by chemicals. They're everywhere: In the paint and wallpaper, furniture and cleaning supplies we use. Obviously, the fewer hazardous chemicals we breathe in, the better. But [...]
Why New Isn't Always Better There are a lot of advantages to buying a new construction home. Everything is clean and unused, the appliances and fixtures are modern. There’s no wear or tear, new homes are (usually) more energy efficient . . . the list goes on and on. Wait, [...]
Low Interest Rates and the NoVA Housing Market According to Freddie Mac, a 30-year fixed-rate mortgage is averaging 3.82% at the moment—a two-year low. Traditionally, when interest rates drop home sales increase, and vice-versa. So are we likely to see an increase in home sales here in Northern Virginia? Probably [...]
Understanding Micro-Markets The true value of any home is a moving target. General market trends, both nationally and locally, play a part. But one of the main reasons that home value estimates from companies like Zillow are seldom on the money is that they cannot account for micro-markets. So What [...]
So the big news from last Thursday's 'A Regional Conversation With Amazon' panel discussion is that the company wants to hire most of their 25,000 new employees at HQ2 locally. Not exactly an earth-shattering announcement, given what we've heard from them so far. And in my opinion, in terms of how Amazon moving in will impact Crystal City, ahem, National Landing (still getting used to that one), it's not the most important question.So what is then, Lou?