Northern
Virginia and DC metro real estate is one of the largest investments
made in a lifetime. The Northern Virginia and Washington D.C. real
estate market demands high levels of skill, proficiency and knowledge.
Whether you are eager to buy your first home, sell, looking to invest
or even relocate to the area it is important to become informed about
the local real estate market.
DCmetroVA.com
is designed to provide you with a complete one-stop center, offering
full-service, extensive information, tools, and expert advice required
to make informed decisions for all your Northern Virginia &
Washington D.C. real estate needs.
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The Best Representation. Delivering Results.
- Home Buyer Representation and Investment
- High-Tech Home Marketing Solutions
- REO Portfolio Management and Disposition
- Foreclosure and New Construction Acquisition
- Nationwide Corporate Relocation
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New Listings in Northern VA & Washington DC
(Less than 7 days on the market)
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Regional Economic Outlook Northern Virginia | Washington DC
During the 2nd quarter of 2008, the Washington metro area job growth
during the past 12 months outpaced the same period in 2007. The
effects of foreclosures on the DC area housing market will begin to
diminish when the subprime mortgage resets run their course. Resets for
subprime mortgages are expected to stop at the end of this year. The DC
metro
real estate region remains one of the top economic centers in the
nation with a low unemployment rate and one of the strongest economic
bases.
Job Growth and Unemployment Northern Virginia | Washington DC
Ranked
the 4th largest job base among metro areas, the Northern Virginia and
Washington DC metro area has over 3 million payroll jobs with more on
the way. Total employment grew by 35,400 jobs over the past 12 months
ending July 2008. The DC government sector added 13,700 jobs, the
professional business sector added 11,600 jobs, Health and Education
added 9,600, and the Construction and Financial sectors lost 5,100 and 2,700 jobs (due to the credit crisis) over the past 12 months. The
Washington DC metro area has the lowest unemployment rate among
comparable metro regions with 3.5%, the national rate is 5.5%.
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