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Sunday, October 24, 2021

Real Estate

Affordability, inventory impacting homes market

Existing-home sales declined in February, following two months of gains, according to the National Association of Realtors. Month-over-month, only one major region saw an increase in February, but all four U.S. regions recorded year-over-year gains. Total existing-home sales decreased 6.6...

Vienna officials taking cautious approach to budget

Vienna’s budgetary numbers look promising for fiscal 2022, but the Town Council plans to hold back some funds just in case circumstances go sideways again. “It’s Council’s intent to freeze a portion of the budget, 2 percent, as a pandemic...

Virginia home sales start year strong, but will it hold?

A combination of more sales and higher prices last month led the total sales volume across the Virginia home-sales market up more than 31 percent from a year ago, according to new data. A total of 8,804 homes went to...

Vienna ZIPs seen as healthiest locally in real-estate survey

A newly launched ranking of how healthy local communities are, real-estate wise, puts the 22201 ZIP code of North Arlington atop all locales in the Sun Gazette coverage area, with 22204 further south in the county not far behind. In...

Builder confidence wobbles as materials costs grow

Despite high buyer traffic and strong demand, home-builder sentiment fell in March as rising lumber and other material prices pushed builder confidence lower. The latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released shows that builder...

Sellers cashing in on accumulated equity

Home-sellers nationally are taking away a median $66,000 in equity from their homes, after holding onto their property for a median 10 years, according to the National Association of Realtors’ 20201 “Home Buyers and Sellers Generational Trends” report. That median...

Fairfax homes market still booming

There may be some cooler months ahead, sales-wise, but the Fairfax County real-estate market was uncharacteristically hot-hot-hot in February. Continuing a now eight-month growth spurt since the easing of the worst of COVID-lockdown measures, a total of 1,009 properties changed...

Updated: N.Va. homes market shows ongoing strength

Who’d have thought, pre-pandemic, that the Northern Virginia real-estate market not only would have withstood COVID, but prospered in an era of economic uncertainty?

Fairfax sellers getting more per square foot

Home-buyers across Fairfax County continue to pay more, on a square-footage basis, than those who were in the market a year ago, according to new data. For the first two months of 2021, the median per-square-foot cost of residential real...

Fairfax lags Philly for Mid-Atlantic homes crown

Fairfax County was the bride last year, but will the locality’s real-estate status be reduced to bridesmaid for 2021? Having recorded the most home sales in the Mid-Atlantic region in 2020, Fairfax has returned to its more traditional spot of...
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No injuries reported in Fairlington shooting incident

On Oct. 19 at 9:40 a.m., an individual approached the area of the 4400 block of 31st Street South...
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