Monthly Archives: March 2013

HOUSING PRICES SURGING IN LATEST DATA

Once again, absolutely no surprise to our readers: Fed data announced today reported the biggest jump in  housing prices in the last 65 years. Case Shiller Index for January was also up. January report showed a 1.02% monthly advance, versus … Continue reading

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MORE POSITIVE HOUSING DATA, INFLUENCED BY MULTI-FAMILY HOUSING

The housing recovery we have been forecasting for more than a year continues apace. Today’s data revealed that housing starts are up nationwide 0.8%, with building permits up 4.6% in February. We are now at the highest levels since 2008. … Continue reading

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LABOR SHORTAGES LIKELY TO ADD MORE UPWARD PRESSURE TO LOCAL HOUSING PRICES

Reports are surfacing throughout the area that severe labor shortages are beginning to appear in new housing projects. After many years of declining new construction, much of the former local labor has either taken other employment or left the area.   … Continue reading

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MARKET UPDATE: MID TOWN RESTON

There have been six(6) condos at MidTown put on the market at under $1,000,000 in February, and all are already under contract. Sellers continue to leave much money on the table, apparently unaware of the market dynamics in place today. … Continue reading

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