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Friday, August 19, 2022
Editor’s NotebookEditor’s Notebook: How high can real-estate market fly?

Editor’s Notebook: How high can real-estate market fly?

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As part of our spring real estate guides coming out this week, we checked in with a good number of top real-estate pros to get their take on the current state of the market.

Specifically, the question was: How much higher can the local real-estate market fly, sales- and price-wise, before it levels off or pulls back?

Not surprisingly, there was a wide array of opinions, although in general most people thought that the lack of inventory would keep prospective buyers hopping at least through summer. After that, it could all depend on where the national economy goes.

Always good to hear from these top pros. Watch for coverage in our sections this week.

BACK WHEN FAIRFAX COUNTY HAD ITS OWN FOREIGN POLICY: Interesting item from the history column, from back this week in 1976 (45 years ago? Yipes!).

That week, members of the Fairfax County Board of Supervisors just enacted a noise ordinance, aimed directly as keeping the Concorde out of Dulles International Airport.

One presumes the supervisors had a vague understanding that they had no power over air traffic, that being a federal responsibility, but they went forward anyway. For politicians, the most useful kind of bear is the pander bear, after all.

It was a Hail Mary pass that did not work. Not much more than a month later, both British Airways and Air France began servicing Dulles, as the video below records. A new era began.

I can remember, as a tyke in the 1980s in what then was the wilds of western Fairfax County (Fox Mill Estates, we salute you!), watching the Concorde, 747s and a host of other planes on their approach to Dulles. Fun times.

  • Scott McCaffrey
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