The dearth of available affordable housing in urban areas has numerous causes, but subsidy programs have yet to really move the needle. The real solution? Substantially increase housing supply to lower prices. (via Greater Greater Washington)
3 factors to help decide whether to rent or purchase a home (via Forbes)
Reston Association will host its Community Yard Sale this Saturday, May 14 (rain date May 15) from 8:30 a.m. to noon at 12000 Sunrise Valley Drive. Vendor space is sold out. In case of rain in the forecast, call 703-435-6577 the morning of the event, for a recorded message.
“With the healthy increase in contract activity, the spring market in Northern Virginia is well underway. Those good contract numbers make it tempting to overlook some other fundamentals in the market, which are really just about where they were last year. The average number of days a home is on the market before receiving an offer is slightly higher, and the average sales price is actually down just a bit.
Luxury-home buyers pay top dollar for white-glove movers that offer meticulous wrapping, climate control and custom crates to move rare items and other valuables (Wall Street Journal – Real Estate, April 27, 2016)
Buying or selling a home in 2016 can be both easier and harder than it’s ever been. For first-time home buyers or sellers, there is a lot to navigate. This is especially true for millennials, who are beginning to come out of their economic shells, get married, start families and buy their first home. (Forbes, April 27, 2016)