A lot of states have been getting some sort of bad publicity due to the rising mortgage woes. However, Virginia is one of the few states that continue to get good reviews. Recently, it was named by CNNMoney.com as one of the best states for starting a business.
This was supported in a statement made by Karen Kerrigan, President and CEO of the Small Business and Entrepreneurship Council. She mentioned that "Virginia is a terrific state to do business".
Here are some of the positive attributes of Virginia that she mentioned:
- Geographical proximity to the federal government.
- Highly educated household
- High-income household
- Great policy climate
Meanwhile, she pointed out the transportation infrastructure in Northern Virginia as one of the key areas that needs to be developed to keep pace with the state's growth. Northern Virginia is one fastest growing suburbs in Virginia. It is where most of the tech companies are based.
You can read more about this report in CNNMoney.com.
You can also view a more comprehensive report in the Small Business and Entrepreneurship Council's (SBE Council) "Small Business Survival Index 2007".
These reports make Virginia as one of the states with a high capital growth potential. More businesses, means more jobs. More jobs mean an increase in demand for residential properties.
Thus, don't let any market downturn affect your real estate buying decisions. Look into the future growth of the area you are buying. Real estate is still one of the best long-term investments. If you're looking to buy now, Virginia is one of the key states to consider.
See you soon,
Sherry Wilson & Co. RE/MAX Leaders | 1021 E. Main Street. Purcellville, VA 20132