How the government shutdown has impacted the real estate market

The partial government shutdown that started right around Christmas and extended through almost all of January undoubtedly put a squeeze on the metro DC real estate market.

We took a look at absorption rates – the pace at which the market is absorbing” the available inventory – in January and compared those to rate the previous January, and there is an inescapable conclusion: the market was slower.

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Amazon’s impact on Arlington and Alexandria continued in December

McEnearney Associates’ EVP and CIO David Howell
December brought some truly incredible absorption rates in Arlington and Alexandria in the aftermath of Amazon’s HQ2 announcement, while the rest of the region continued to see more typical performance.

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Winter prep from top to bottom

As the temperature drops and the weather outside is ever more frightful, be sure your home, townhome, or condo is ready to bear the winter force of Mother Nature. From freezing temperatures to snow and ice, winter weather can be harmful to your home and exceptionally costly. Prepping your home for the winter months seems almost daunting, but it will protect you and your investment. You might also find some energy saving tips helpful to put save some extra cash after holiday expenditures. You’ll have snow problem surviving winter with these tips to help protect your home, your car, and you, as the winter begins to come in full force.

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Why selling during the holidays can be beneficial

Inventory tends to drop off during the holiday season, which is all the more reason for you to get serious about putting your house on the market. What was once negative feedback – selling your home during the holidays – can actually be beneficial. When buyers start looking, they usually want to get into their new home at a time that avoids interfering with their busy lifestyle. Here are some great reasons why you should consider putting your home on the market during the holidays.

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Amazon HQ2 announcement affects D.C. area contract activity in November 2018

Arlington and Alexandria’s real estate certainly got a boost in the immediate aftermath of Amazon’s announcement that they are bringing 25,000 new jobs to Northern Virginia over the next decade. A couple of weeks ago we talked about the Impact of Amazon’s HQ2 move to Northern Virginia and what to expect in the years to come, but today let’s focus on the immediate changes that we’ve noticed in the month of November.

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The impact of Amazon’s HQ2 move to Northern Virginia

Image credit McEnearney Associates

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It’s official: the Amazons are coming! After 14 months of speculation, the odds-on favorite Crystal City was indeed the winner in the HQ2 sweepstakes, but with a twist. Queens, New York will get half of the planned 50,000 jobs that Amazon says it will create during the next 10 to 12 years. And in this case, getting half the loaf may turn out to be better than getting the whole thing.

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