Economy and the housing market
I heard on the news this morning that the economy was bad and that the housing market was worse. The reporter was trying to invoke fear in all of us. He cited categories such as unemployment rate and housing supply but not specific numbers and mentioned nothing about the fact that your region may be different. AND our region is.
The unemployment rate in Arlington is about 3.2%, compare that with the national rate of 9.1%
The housing supply in Arlington down 13.3% over this time last year
The average sold price is only down -2.58% year over year and that is a county wide number, some areas have gone up in value.
We are very blessed to live here and the truth about real estate and economic news is local. Want the inside scoop for your neighborhood? Contact me
Norm [at] callnorm [dot] com 703-587-0945
I can help you:
– Search the Arlington Virginia Homes for Sale
– Receive listings of homes for sale as soon as they hit the market
– Determine your home’s value
– Search for homes, condos, and townhomes for sale by metro stop