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Hurricanes Impact on Northern Virginia Real Estate Market!

By
Real Estate Agent with Samson Properties VA0225077251

Many of us in the Northern Virginia area feel blessed since we missed the rain or any impact of the weather from either of the hurricanes  (Irma or Harvey). 

However, major catasphrophic impact around the country does not impact locally in terms of weather but it does impact on our local real estate market. And you may be wondering how?

In the Northern Virginia since the first hurricane impact, we have seen a dramatic shortage of labor market. Many of our construction or skilled labor are driving down to impacted area to earn $$$$ more than they would be working in the local market. This has lead to some new construction delays in our Fairfax & Loudoun county of the housing market.  Apart from new construction, this has impacted our local remodeling businesses equally. I personally know a friend whose contractor delayed their project due to his subcontractors going down to hurricane impacted region.

Even though this may be a short-term impact but the dominion does affect the delay in delivery of the homes to remodeling the home that was going to be on the market in near future. 

 

 

 

 

 

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com
 
Residential real estate agent serving Northern Virginia in Fairfax & Loudoun county over a decade and almost $100+M in sales volume experience. 


 

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