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.”
As always, for a personalized search or Comparative Market Analysis in the Northern Virginia area, call me at 703.927.4554.