housing: Transportation Costs Do Hurt Housing Affordability
- 02/08/16 12:16 AM
A new study contends that only 39 percent of U.S. communities are affordable for typical households when the cost of transportation is included in the calculation of housing costs. The Center for Neighborhood Technology analyzed the Housing + Transportation Affordability Index, which examined 161,000 neighborhoods housing 80 percent of the U.S. population, and concluded that for most families, transportation is the second-largest household expense. It is also a fairly unmanageable one, the study concluded, because it is difficult for families to estimate the full cost of a location before they move there. Gas prices and employment demands aren’t very predictable for … (3 comments)
housing: Recent Economists Give Housing Mixed Reviews
- 02/08/16 12:11 AM
Home prices that approach what they were before the bust are at least five years away, says Peter Morici, a University of Maryland professor of economics. “I think we’ll see housing values rise 20 or 25 percent and then more gradual appreciation,” Morici says. The problem, he believes, is the oversupply of housing. “Supply is a couple of years ahead of demand,” he says. Other housing observers were less optimistic. “Foreclosures are still going to bite the market. Given the preponderance of negative housing data, we may see another leg down,” says Joseph Brusuelas, president of Brusuelas Analytics. Source: Bloomberg, Courtney … (0 comments)
housing: Northern Virginia leads the economic way for DC area
- 01/18/16 12:18 AM
The Washington, D.C. area has emerged from the recent recession with Northern Virginia leading the way, a George Mason University economist recently told local Realtors. George Mason University economist Stephen Fuller said the economic recovery has been underway for about 17 months and is stronger than analysts expected. He pointed to bright spots for the No. Virginia economy: 1) Employment: Fuller said the manufacturing segment has led the economy out of the downturn with increased hiring for 17 months in a row. Gross domestic product is higher now than when the recession started in November 2007. 2) Housing Shortage: He also … (1 comments)
housing: Economists Give Housing Mixed Reviews
- 01/17/16 10:43 PM
Home prices that approach what they were before the bust are at least five years away, says Peter Morici, a University of Maryland professor of economics. “I think we’ll see housing values rise 20 or 25 percent and then more gradual appreciation,” Morici says. The problem, he believes, is the oversupply of housing. “Supply is a couple of years ahead of demand,” he says. Other housing observers were less optimistic. “Foreclosures are still going to bite the market. Given the preponderance of negative housing data, we may see another leg down,” says Joseph Brusuelas, president of Brusuelas Analytics. Source: Bloomberg, Courtney … (1 comments)
housing: Economists Revise Housing Figures Amid Optimism
- 05/14/13 12:03 AM
Several economists have recently revised their predictions on housing values to reflect a stronger-than-expected real estate rebound, and some have even doubled their original forecasts over the rise in home prices. For example, economists at Bank of America revised their home price forecast from 4.7 percent this year to 8 percent. Capital Economics’ Economist Paul Diggle upwardly revised his home price forecast too, from a 5 percent projection to an 8 percent rise in home prices this year.
“Prices of both new and existing homes are picking up, the latter by over 10 percent year-on- year,” Diggle notes. “Indeed, after … (1 comments)
housing: Kiplinger: Housing Recovery Firmly Underway
- 05/05/13 11:52 PM
Prices are rising and inventories are falling in markets throughout the United States, which has led financial reporting and forecasting firm Kiplinger to declare the housing recovery “firmly” in motion. Moreover, the company says housing will help carry the overall economy at a time when U.S. exports are decreasing, says Karen Mracek, a Kiplinger editor and real estate analyst. Julie Nesbitt
“The biggest reason we think we’re on firm ground is that we’re seeing every indicator on the way up,” Mracek says. “As with the overall economy, it’s kind of hard to call the bottom or the pivot point. But … (3 comments)
housing: Traveler Friendly Homes
- 08/14/12 12:39 AM
Ronald Reagan Airport is located at 1 Aviation Circle, Arlington, Virginia. The airport is close to Old Town Alexandria, inside of Arlington and near Washington DC. Ronald Reagan Airport is a primary transportation hub for Northern Virginia and DC. The next closest airport is BWI which is in Maryland. Ronald Reagan Airport has a metro stop accessible by the blue and yellow line. Near the airport there are several trails. Further from Old Town and closer to DC there is a marina with boats. The marina waters are great for fishing.
Ronald Reagan Airport is close to Old Town which … (10 comments)
housing: Parkside Housing in Alexandria
- 08/13/12 02:25 AM
Brookvalley Park is located in the city of Alexandria. Within walking distance there is the Foxchase shopping center. Brookvalley Park has plenty of trails and fields. Brookvalley offers great park amenities close to several housing developments. Brookvalley Park services nearby housing including: the Plaza, Seminary Hill, Van Dorn, Cameron Station, West End Alexandria, and Forty Six Hundred condominiums. Brookvalley Park is located off of Duke St. Duke St. is a high traffic road lined with shopping centers and many businesses. Living near a park is great for dog owners as well as people just looking for some fresh air. Duke Street … (2 comments)
housing: Are You Considering Living in Crystal City?
- 08/02/12 05:18 AM
Condominium construction at Crystal City began in the early 1960′s. Crystal City features a wide variety of housing options. This area is serviced by Jefferson Davis Highway. A large portion of Crystal City is underground. Crystal City is close to Pentagon City. The nearest metro station here is Crystal City Station. The nearest airport here is Ronald Reagon airport. Crystal City is South of Washington D.C. Crystal City was not a planned communityCrystal City is the location of several defense contractorsCrystal City has a CostcoCrystal City has plenty of shopping areasCrystal City has several underground shops and restaurantsThere is a Nordstrom … (10 comments)
housing: Housing Close to Beacon Mall
- 06/23/12 01:48 AM
The Beacon Mall shopping center is located right off of Richmond Highway. The shopping center hosts a variety of vendors including: restaurants, a grocery, a clothing store, and other miscellaneous shops. Beacon Mall is a great place to complete errands at, grab a bite to eat, and pick up products. The shopping center is very walkable and close to several different neighborhoods including Bucknell and Belle View. The shopping center was built in the 1960′s. In the early 1920′s an airfield was built where Beacon Mall is. Prior to it’s construction the airport was in use for several decades. These days … (7 comments)
housing: Enjoy the Scenery at Founders Park
- 05/22/12 12:05 AM
Founders Park is located near the Torpedo Factory Art Center and Cameron Mews in Old Town Alexandria VA.Homes along the waterfront are generally exclusive and upscale.Founders Park is generally surrounded by townhouses.Old Town is popular because of it’s cultural attractions, shops and numerous restaurants.Historic Old Town Alexandria has some of the oldest residences in Northern Virgina, but does not lack green space.Old Town Alexandria has many condos and townhouses, but only a very few single family homes.There are several marinas, slips and docks available in close proximity to Alexandria VA.Queens Row and Cameron Mews are just a few of the … (2 comments)
A stairwell to the living roomA living room with minimal furnishingsThe kitchen includes amenitiesStacked washer and dryerOne of two bathroomsA carpeted stairwell follows the condominium to more roomsA hallway arrives at a spacious roomThis room includes two large windowsThe Master bedroom connects to a Master bathroomA second bedrom includes a closetAn inside view of this carpeted closetAn unfurnished bedroom receiving natural light from outsideThis sliding door closet has a detailed organizerThis Master bath has a tub and a showerThe Master bathroom toiletThe Master bedroom walk-in closetDown the stairwell to the living roomThe living room from a direct angleA view … (0 comments)
housing: No. Virginia leads the economic way for DC area
- 04/08/11 01:30 PM
The Washington, D.C. area has emerged from the recent recession with Northern Virginia leading the way, a George Mason University economist recently told local Realtors. George Mason University economist Stephen Fuller said the economic recovery has been underway for about 17 months and is stronger than analysts expected. He pointed to bright spots for the No. Virginia economy: 1) Employment: Fuller said the manufacturing segment has led the economy out of the downturn with increased hiring for 17 months in a row. Gross domestic product is higher now than when the recession started in November 2007. 2) Housing Shortage: He also … (0 comments)
housing: Housing Starts Rise in September
- 11/04/10 06:10 AM
Spending on construction rose 0.5 percent in September with home building and government projects leading the way, the U.S. Commerce Department reported Monday. Spending on home building rose 1.8 percent, but the increase was offset by spending on commercial construction, which dropped 1.6 percent. Overall, non-residential construction was at the lowest level since January 2005. Housing starts rose 0.3 percent in September, the Commerce Department said, to a seasonally adjusted annual rate of 610,000 units – still low, but improving. Source: Bloomberg, Courtney Schlisserman (11/01/2010)
… (4 comments)
housing: Home Values Impact All Areas of Economy
- 05/12/10 08:39 AM
Real estate can be an engine or a brake for the U.S. economy. And today, it's mostly slowing things down. "The housing market, since it was the epicenter of the crisis, is also central to the feeble recovery," says Ethan Harris, an economist at Bank of America Merrill Lynch. Everything is interconnected: Employment is closely tied to construction spending, which is 25 percent below what it was in 2006. And because property values remain low, many people are mired in debt and can no longer rely on home equity to help them out of it. The decline in property values is … (0 comments)
housing: Census: More People on the Move in 2009
- 05/12/10 04:51 AM
About 12.5 percent of the population, or 37.1 million people moved to a new home in 2009, up from 11.9 percent or 35.2 million in 2008, the census found. About 25 percent of adults ages 25 to 34 moved in 2009. That's up slightly compared to 2008, but down substantially from 32 percent in 2000. Older Americans also stayed where they were with long-distance migration falling to below 2 percent for people older than 60. "Overall, there is nothing here that suggests a light at the end of the tunnel in the continued slowdown of long distance migration in the U.S.," … (1 comments)
housing: How will BRAC affect home values?
- 10/10/08 12:12 AM
Base Realignment and Closure (BRAC) is service-wide restructuring of bases and personnel in the US military. BRAC mandated at that about 20,000 jobs move to Fort Belvoir. As Belvoir adjusted to this influx, Army officials sought nearby facilities that would satisfy BRAC mandates, but would relieve pressure from the crowded gates of Belvoir. As a result, last month, US Army officials announced the movement of 6,400 jobs to Alexandria. There was some opposition from state and Fairfax County officials, but ultimately the decision was made to pass-over an alternate site in Springfield and head for Mark Center in Alexandria. This move … (0 comments)
Neighborhood notes, local features and tips for buyers, sellers, renters and landlords in Northern Virginia especially Alexandria, Arlington, Fairfax and Falls Church. Including fast and free property search tools.
A new study contends that only 39 percent of U.S. communities are affordable for typical households when the cost of transportation is included in the calculation of housing costs.
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