Newsletter

HQ2 Announcement Boosts Local Real Estate Market

The following article excerpt is from our content sharing partner, FairfaxNews.com.

Amazon’s pick of Crystal City for part of its HQ2 expansion put a jolt of caffeine in November real estate activity, the Northern Virginia Association of Realtors reports.

“The pleasant surprise from November’s housing market data was a significant pop in new contracts,” said Derrick Swaak, managing broker of TTR Sotheby’s International Realty in McLean. “New under-contract sales jumped nearly 90 percent in the NVAR footprint, which means that a buyer’s offer has been accepted by the seller. Some of that increase was a reaction to an unexpected, but welcome, retreat of mortgage rates in the second half of the month, plus a frenzy of condo buying activity in the areas surrounding Amazon’s new HQ2 location in Crystal City.” […]

“While there is speculation about the real estate market showing signs of softening nationwide, our Northern Virginia data still reflects a promising direction,” said NVAR CEO Ryan Conrad.

Read more at FairfaxNews.com

Recent Stories

LGBTQIA+ stands for lesbian, gay, bisexual, transgender, queer, intersex, asexual/agender, and other gender and sexual minority identities (via Sharon McCutcheon/Unsplash) Students and staff in the LGBTQIA+ community expressed relief yesterday…

Meerkats have taken over Tysons Galleria. The 4-foot-tall, vividly colored replicas of the desert-dwelling critters started to emerge at the mall in mid-October before doubling their presence from 30 to…

Meet Tank, a young hound mix eager to enlist into a new home after parting ways with his previous one. According to his new friends at Mutt Love Rescue, Tank…

With Thanksgiving on the horizon, many local entities and organizations will be closed. Fairfax County government offices and Fairfax County Public Schools will be closed for Thanksgiving (Thursday, Nov. 25)…

×

Subscribe to our mailing list