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Wednesday, October 20, 2021

Real Estate

Except for condos, Arlington homes market remains warm to hot

While a forward-looking analysis of the Arlington real-estate market shows cooling conditions, parts of the county remain red-hot. In particular, ZIP codes 22204, 22201 and 22206 showed above-average strength in the updated T3 Home Demand Index, issued by the Mid-Atlantic...

Survey says: Local region a good spot to spend golden years

The Washington region does well in a new study of best places to retire, although one will need a somewhat substantial nest egg to do so successfully. The local area comes in 32nd in a study of 182 urban areas...

Outer suburbs see more home construction, cities less

Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multi-family sector, according to the latest Home Building Geography Index (HBGI) released by the National Association of Home Builders (NAHB). During...

Report details impact of housing industry on Va. economy

Despite impacts of COVID, the real-estate/housing sector contributed nearly $52 billion to Virginia’s economy in 2020 and supported more than 325,000 jobs with a total income of nearly $16 billion statewide, according to new data from the Virginia Realtors...

Arlington apartment rents back above pre-pandemic levels

It took a little while, but average rents for Arlington apartments have now shot past pre-pandemic levels, according to new data. With median rent prices of $2,013 for a one-bedroom unit and $2,437 for two bedrooms, Arlington is among 92...

Home-builders aiming for in-person convention in February

The National Association of Home Builders (NAHB) officially has opened online registration for the 2022 NAHB International Builders’ Show (IBS), the largest annual light construction trade show in the world. IBS is slated to take place in person at the...

Which direction are new-home prices heading? Up, up, up …

The median sales price of new homes that sold across the U.S. in July stood at $390,500, up more than 18 percent from the $329,800 median sales price posted a year earlier, due to higher development costs, including materials. That’s...

Regional home values up 21% over past year

The Washington region saw year-over-year median home-sale prices rise just over 21 percent in the second quarter, slightly below the national increase in a market where affordability and inventory issues are leading to concerns about the future. The median sales...

Va. home sales still strong, but more are being priced out

Virginia’s real-estate market held firm in July, but an increasing number of would-be purchasers are being priced out as costs increase and competition for homes remains strong. “As home prices continue to rise and hit record levels in many markets,...

Local condo-appreciation rates trail national growth

Though remaining above the national median sales price, the rate of appreciation in the Washington region’s condominium market trailed year-over-year national growth in the second quarter of 2021. And there may be a number of reasons why. The median sales price...
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New Hunter Mill Road bridge to take another step forward

Fairfax County supervisors on Oct. 19 were slated to give the go-ahead for a project-administration agreement with the Virginia...
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