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
The Fairfax County Board of Supervisors faces tough decisions ahead of next week’s budget markup session, following demands from local unions to increase county employees’ wages.
Tysons Corner Center visitors will get another opportunity to sample the mall’s culinary scene this spring. After drawing a big crowd when it launched last year, the Taste of Tysons…
Virginia bluebells bloom in Reston (photo by Marjorie Copson) Clifton Family Mourns Sons Killed in Fire — “When Fairfax County firefighters found two boys inside a fiery Virginia house earlier…
Sign for a private parking lot limited to Vienna Shopping Center customers and tenants (staff photo by Angela Woolsey) Vienna is considering several options to improve parking availability along its…
