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)
McEnearney Market in a Minute (April 2016): “We’ve seen something in the first quarter of the year that we’ll be keeping a close eye on. For the first time in a long time, new contract activity for areas of Northern Virginia inside the Beltway is down while those outside the Beltway are higher. We’re not convinced that three months of activity is enough to say there’s a trend, but it’s possible that the higher prices of close-in communities are causing some buyers to look elsewhere. Stay tuned.”
Click here to read the entire Market in a Minute report for Northern Virginia, here for Washington, D.C.
I wonder if there are other areas where you can drop off your dry cleaning, stop by the pharmacy, buy a pair of jeans, visit your favorite artist’s studio and enjoy a leisurely lunch, all while walking with your dog. It never surprises me when visitors ask, “Are you allowed to bring your dog in here?” When I say “Absolutely!”, they wish they had brought their dog on vacation, too!
Yes, we are lucky to live in Northern Virginia, however, there are also some challenges to renting, buying, and selling your home when you own a dog.