Alexandria and Northern Virginia Show Stability in Housing Market

Following on yesterday’s post about the danger of making generalizations about housing data, an article in today’s Wall Street Journal reaffirms that the “housing slump” depends on where you live.  The good news is that “The Northern Virginia suburbs of Washington, DC . . . have shown signs of stabilizing, housing analysts say.”

The article continues, “In the Washington, D.C., area, government-related employment has held up and helped revive housing demand, says Jody Kahn, an analyst at John Burns Real Estate Consulting, a research firm. “Good locations in Alexandria and Fairfax [Va.] are seeing some emerging price stability and even small increases.”

For the complete article and fundamental indicators in 28 major markets, click here.  For video, click here.

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