NoVa Needs to Start Building Homes
Apparently, the housing market has come back so strongly in Northern Virginia in recent months that at least one area expert thinks that it is time to start building new homes.
In her blog Local Address, the Washington Post’s Elizabeth Razzi writes that area housing expert Stephen Fuller told a group of Northern Virginia realtors recently that home builders in NoVa need to start building new homes…now.
From Local Address:
“They have very little inventory,” Fuller said, “and in some cases, inventory is so small they’re raising prices, even in Prince William County.” Fuller pointed out that even though there have been job losses in the Washington area, our employment picture is far rosier than elsewhere in the country. And the worst of the recession is past, though unemployment numbers will continue to rise for months, even after we’re in recovery. Meanwhile, a housing shortage could be developing.
If you are rubbing your eyes to make sure that you read that right, don’t worry. We did it, too.
This article originally published at https://dc.urbanturf.com/articles/blog/nova_needs_to_start_building_homes/1032.
Most Popular... This Week • Last 30 Days • Ever
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
- The 4 Projects In The Works Near DC's Starburst Intersection
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro