Good news, buyers: mortgages rates continue to slip; how the shutdown impacts real estate; & more
- Tim Tassa
- Jan 4, 2019
- 2 min read
It's challenging to keep up with local news, particularly the items that may impact your life, your commute, or your community. That's why each week we compile a few interesting developments happening in the area.
The Washington Post: Mortgage rates continue five-week slide, plunging to levels not seen in more than four months
"For more than a month, mortgage rates have been in a free fall. Stock market volatility, global trade worries and the government shutdown are pushing rates down to their lowest levels since August."
"A stretch of Fairfax County Parkway that runs about 5.5 miles between Fairfax and Fairfax Station may soon be consumed by a construction project projected to cost nearly $200 million. Virginia’s Department of Transportation (VDOT) is considering a plan to widen the roadway from four to six lanes between Lee Highway (Va. Route 29) and Ox Road (Va. Route 123).
The Wall Street Journal (subscription required): The Top 10 Upgrades to Sell Your Home for Top Dollar
"As luxury home sales slow and inventory piles up, real-estate insiders and sales data show that investing in amenities like Japanese-style toilets and high ceilings can attract buyers."
"The shutdown has begun to impact facets of the commercial real estate industry, from multifamily loans to government contracts to retail spending — and the effects could be greater if it does not end soon."
The Washington Post: Arlington faces tough fiscal times, despite Amazon, new board chair warns
"Despite the pending arrival of Amazon’s new headquarters in Crystal City, Arlington County faces tough fiscal choices in its coming budget, raising the possibility of a property tax increase, the new chair of the County Board warned Wednesday in his inaugural message to residents."
"The Amazon real estate effect in Northern Virginia is being felt from home sales to new development. Nearly two years ago, the owners of Crystal House Apartments applied to add a building and 252 units to the Crystal City Metro-proximate community. Now, that vision has more than tripled in size."
"Metro will now start allowing riders to bring bicycles on trains all day long, ending the rail service’s long-standing prohibition on bikes during rush hour."
For questions or information, contact The Tassa Team at info@thetassateam.com.
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