Gentrification is a word that gets thrown around a lot when we hear about a new craft brewery or boutique shop opening in the city’s warehouse district. But what does it mean for D.C.’s residents, historically?
The month of March was a frustrating one for potential homebuyers in Northern Virginia — but a good month for owners who decided to sell.
The number of houses and condos on the market, or active listings, is down 9.7% from a year ago, and active listings remain well below historical levels, according to listing service Bright MLS.
State and local officials say new housing is needed for workers at Laurel Park racetrack after touring the dormitories.
Capitol Riverfront, named one of America’s 10 coolest neighborhoods by Money Magazine in 2017, is now also one of D.C.’s fastest growing.
In her 2019 State of the District address, Mayor Muriel Bowser discussed a number of issues in her budget that will go before the D.C. Council this week, challenging her team to develop solutions for affordable housing.
Northam announced Thursday he’d signed several pieces of tenant-friendly legislation that’s part of his affordable housing priorities.
Arlington and other localities around the D.C. region have enough room to add the housing necessary to keep pace with the Amazon-driven population influx expected over the coming years — but actually realizing that potential won’t be easy, regional planners say.
The D.C. region’s largest residential real estate network is putting its heft directly at the feet of would-be workers at Amazon’s future second headquarters.
Of the D.C. region’s 2.2 million households, about 807,000 of them are renters — 15,000 more than a year ago. The median rent in the region rose 1.8 percent this year to $2,180, according to HotPads.
Bidding wars between multiple buyers in the housing market have cooled nationwide, but there are still hot neighborhoods where they remain common, and D.C. ZIP code 20009 is one of them.
In 2019, housing will be on the forefront of the Council of Governments’ agenda. A council member said there will be a shortage of some 100,000 housing units by 2050.
Listing service Bright MLS said the median price of what sold in the D.C. region in November was $449,500 — up 5.9 percent from a year ago and a record high for the month of November. D.C.-area home sales also hit monthly price records for November.
Prices of houses and condos that sold throughout Northern Virginia, Maryland and the District were largely up in October compared to a year ago, but the number of sales was almost universally down.
In D.C., and all surrounding counties for 2019, the conforming loan amounts will be capped at $726,525. That is up from the 2018 conforming loan limit in the D.C. area of $679,650.
Recreating the District in video game form was no small task. Here's how the developers did it.