What’s ahead for 2016 in real estate? And celebrate Washington’s birthday all month long

Local Real Estate News
MCE for sale sign
WHAT’S AHEAD FOR 2016? 2015 was better than 2014 across the entire metro DC area for the two most important metrics – total settlements and new contract activity – but most other indicators were a little worse. With the exception of Washington, D.C. itself, homes took a little longer to sell, price appreciation was moderate at best and overall supply rose as more new listings came on the market.

What’s ahead for 2016? We think the market is headed toward something we haven’t seen in almost 15 years: normalcy. During the past decade and a half we’ve seen some wild swings in real estate, from the pause after the horrors of Sept. 11, to the rapid run up in home prices 10 years ago with teaser rate mortgages and people buying homes who could not possible afford them, to the crash that followed.

Click here to read the entire bi-monthly MarketWatch report by McEnearney CIO David Howell.

mount vernon
Photo credit mountvernon.org

Out‐of‐towners, you’ve been warned: George Washington’s birthday is a very big deal around these parts. This year is no different as DMV residents (those living in D.C., Maryland and/or Virginia) gear up to gather for various events to celebrate our first president

In addition to the cherry challenge — which has the finer restaurants in Alexandria competing to come out on top with the best cherry‐infused cocktail, appetizer, entrée and/or dessert — there are also fun‐filled events such as tours, races and balls in honor of Washington’s birthday.

According to washingtonbirthday.net, there are more than 140 places in Alexandria, Va., that can be linked back to Washington — and there’s a tour for that. Every Sunday in February, you can wander for an hour with a group of George Washington fans as a guide leads you through the first president’s hometown of Alexandria. Best part? The tour is free!

Other events include Revolutionary War reenactments, the Wreath‐Laying Ceremony at the Tomb of the Unknown Soldier of the Revolution and other events and ceremonies that will keep you busy all February long.

—McEnearney Associates, “Celebrate Washington’s birthday all month long”

Of interest
The changes made to Fairfax County’s Noise Ordinance go into effect tomorrow, Feb. 17, specifically to the operating hours of county dog parks.

Operating hours at the county’s off-leash dog parks were previously consistent with overall park operating hours — dawn to dusk.  However, the new hours will be 7 a.m. to one half-hour after sunset Monday through Friday. On weekends and federal holidays, the hours will be 8 a.m. to one half-hour after sunset. These hours will be in effect at all dog parks countywide.

The change in the County’s Noise Ordinance addressed many noise related issues, not just dog parks. Details can be found at here.

— Fairfax County, “Operating Hours are Changing at Fairfax County Dog Parks”

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