SCAPE offers active, retired armed forces free art programming; Reston development continues

Local Real Estate News

• Sunrise Valley Drive continues march toward new development (via RestonNow)
• Unbelievable: 20% of homes purchased in D.C. in 2016 were all-cash transactions (via UrbanTurf DC)
• Less than 15% of new rentals built in D.C. since 2014 were affordable (via Curbed DC)
• It’s a great time to refinance — and everyone’s doing it (via realtor.com)
• 3 ways buyers can come out on top in a sellers’ market (via Inman News)
• Why lead paint still haunts industrial cities in the U.S. (via CityLab)
• 5 Things to know about playing Pokémon Go in Fairfax County

Where will mortgage rates go?; Community meeting on new development Aug. 4

Local Real Estate News

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  Image credit WSJ

  Trying to answer the eternal question, “Where will mortgage rates go?” (via realtor.com)

• Tiffs between luxury homeowners can escalate into bruising legal, financial and emotional combat (via WSJ)
• Fannie Mae asked consumers if student loan debt is keeping them from owning a home. Here’s what they said.
• Home inspections pave the way to smoother real estate transactions (via Real Estate Book)

Family Splash on Friday at RCC, Fairfax Co. “Discovery Trail” Map Guide

Local Real Estate News

• Less than 15 percent of new rentals built in D.C. since 2014 were affordable (via Curbed DC)
• Quiz: Where in D.C. should you buy your first home? (via Curbed DC)
• File this under the #nicetodream category: The driveway is becoming the main event — some boast their own roadside attractions, extensive landscaping and even a pro race track. (via WSJ)
• In that same file: A shortage of developed land is driving up lot prices in affluent areas like Beverly Hills, Southampton, Miami and Chicago. (via WSJ)

King Pollo coming to Hunter Woods Plaza; Get involved with local police dept.

Local Real Estate News

• Local Peruvian chicken chain King Pollo is renovating a retail space at 2254G Hunter Woods Plaza, according to RestonNow.
• The head of the Fairfax County government’s tourism-promotion organization says his county is poised to supplant Arlington in getting the most tourist and convention dollars in Virginia — if that county can create a convention center to capture them.(via Inside NOVA)
• Housing Forecast: What to expect in the second half of 2016 (via Forbes)
• These real estate markets, while not in bubble territory, may be getting too hot (via REALTOR Magazine)
• Are you throwing your money away when you rent?(via Forbes)
• How a condo association could kill a sale (via WSJ)

Growing old in the suburbs; Reston Library events for kids, teens

Local Real Estate News

• Regional panel OKs bus-rapid-transit for Tysons-Alexandria corridor (via Inside NOVA)
• Metrobus riders have a higher risk of injury and are much more likely to be in a collision and experience crime than bus riders in other metropolitan areas, according to a WMATA report (via Greater Greater Washington)
• Many boomers in denial over possible problems of growing old in the suburbs (via The Herald)
• These prefab homes can be built in three weeks (via Wired)

Reston Hospital classes; How much you need to save daily to buy a home in D.C.

Local Real Estate News

• Here’s how much you need to save each day to buy a home in Washington, D.C. (via Curbed DC) #depresso
• D.C. area home prices, sales hit highest level for June since 2006 (via UrbanTurf DC)
• 5 Newbie mortgage mistakes (and how much each could cost you) (via HouseLogic)
• Luxury rents in Washington, D.C. are 57% higher than non-luxury (via Curbed DC)

What sellers leave behind; Upcoming Fairfax County 4-H Fair and Carnival

Local Real Estate News

• Washington, D.C. ranks as sixth priciest U.S. city to rent in (via Curbed DC)
• How much cheaper are the suburbs? (via Forbes)
• “Real estate closings are hobbled, sometimes even derailed, by a seller’s last-minute adjustment of terms. What the buyer had believed was included in the transaction — the Viking stove, the Sub-Zero refrigerator, the sconces in the living room, the fresco in the dining room, the brass carpet rods on the staircase — isn’t part of the deal after all.”
  —What sellers leave behind (via NYTimes Real Estate)
• 6 things your home stager wishes you knew (via realtor.com)
• Smart doesn’t always mean an easy home (via NYTimes Real Estate)

Events at Reston Library; The Shrinking of the American Lawn

Local Real Estate News

• 19 Offers, $412,000 Above Asking: The East Capitol Street Premium (via UrbanTurf DC)
• The Shrinking of the American Lawn — As houses have gotten bigger, yard sizes have receded. What gives? (via CityLab)
• 3.41%: Mortgage Rates Head Toward Record Lows (via UrbanTurf DC)
• For fun: A die-hard Star Trek fan’s $1.5M Enterprise (via WSJ Real Estate)

Incomes aren’t keeping up with rising rents, “Zoosday” at RTC

Local Real Estate News

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  Image courtesy McEnearney Associates

  Incomes aren’t keeping up with rising rents in Washington, D.C. (via Curbed DC)

• Goodbye, old-school amenities (via NYTimes Real Estate)
• Who pays for air condition repairs in rentals? (via NYTimes Real Estate)

4th of July events in Reston and metro D.C. area

In Reston

• Lake Newport Pool (11601 Lake Newport Road), noon-4 p.m. — Start the day with a splash! Come to the pool and enjoy the festivities before you go enjoy fireworks. There will be a DJ, contests and prizes. Pizza, popcorn and cotton candy will be available for purchase. Cancelled in the event of rain.
• Lake Fairfax Fireworks Spectacular at Lake Fairfax Park (1400 Lake Fairfax Dr.), 9:15 p.m. Admission is free, but there is a parking fee of $5/car.