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Monday, August 15, 2022

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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?

Home sales up, up, up in new Arlington data

Average sales prices were down in the single-family and condominium categories, but sales were way – make that waaaaaaaaaaayyy – up in February, leading to a 52-percent year-over-year increase in total sales volume for Arlington’s residential-real estate market. Sales for...

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...

Per-square-foot home prices decline slightly

Despite a slight decline, home-sellers in Arlington County continue to receive the largest price, on a square-footage basis, among the large Northern Virginia jurisdictions. For the first two months of 2021, the median per-square-foot cost of residential real estate sold...

Real-estate growth still focused on outlying areas

Construction of single-family homes continued to overperform in suburbs, exurbs and rural communities while lagging in larger urban areas, according to new fourth-quarter-2020 data from the National Association of Home Builders (NAHB). The trend is a direct result of the...

Rising home prices continue to chip away at affordability

With rising home values outpacing household incomes, even small bumps up in median sales prices are having a disproportionate impact on housing affordability in the local area and nationally. A new study by the National Association of Home Builders (NAHB)...

New-home sales rise despite higher costs of materials

Strong demand stemming from low interest rates, favorable demographics and a shift to smaller, more affordable housing markets helped to lift new-home sales in January, but rising lumber and material costs threaten to blunt the momentum. Sales of newly built,...

Vaccine rollout could keep real-estate market hot

An increase in those availing themselves of the COVID-19 vaccine is likely to add more buyers and sellers to an already red hot real-estate market. A new survey from Zillow finds 70 percent of homeowners say they would be comfortable...

Home-builder confidence faces headwinds, but stays strong

Strong buyer demand helped offset supply-chain challenges, a surge in lumber prices and the threat of increased regulation, as builder confidence in the market for newly built single-family homes inched up slightly in February to 84 on a 0-to-100...

Va. home sales start year off strong

Home sales and median sales prices continued their upward trajectory across nearly all areas of the commonwealth, with smaller and more rural areas faring best and the market for condominiums trailing. A total of 8,806 properties went to closing during...
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Golf teams see plenty of tournament action

Of the local high-school golf teams in the Sun Gazette’s coverage areas, the McLean Highlanders have enjoyed the most...
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