Washington DC Regional Market Updates
February 9, 2009 by Katie Wethman · Leave a Comment
Existing home sales across the nation took a surprise jump in December, but most experts say that trend (nationwide) is unlikely to continue given further economic decline. Moody’s, however, is optimistic: claiming that 2009 is the “bottom.”
Our local economy and flow of investment dollars continues to outperform the nation’s averages.
Forbes recently named DC as one of the best places to buy real estate right now, and the Association of Foreign Investors also named DC as #1 on its list of top global cities for investment.
Where there is money and investment, there are jobs, and where there are jobs, there are people that need homes, whether rental or purchase. Here are some of the headlines this month indicating continued investment in our area.
- Hilton Hotels just “checked in” to Fairfax, bringing investment and jobs with it.
- Northern Virginia is prepping to aggressively go after its share of stimulus dollars with its lengthy list of “shovel ready projects”
- The Montgomery County Council moved another step closer to building the Purple line linking Bethesda and New Carrollton
Ready to start your search for a home in the DC or Northern Virginia area? Consider attending one of my free first time home buyer classes – details are here. Or start searching for homes in the MLS here.
Thinking of selling? Contact me to to discuss the impact these developments might have on your home’s value!
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