Schar School Stat: Workers Per Household

This piece ran in the Washington Business Journal in the April 20, 2018 edition. The graphic was prepared by the Washington Business Journal using data supplied by the Institute. In 2016, 42.9 percent of all households in the Washington region had two or more workers. Of the 15 largest metro areas, the region had the second largest

Housing Market Trends in the Washington Region: First Quarter 2018

In 1Q 2018, the Washington region’s housing market performance indicators were mixed. Closed sales decreased from last year, but the homes that sold were on the market for a significantly shorter period of time. The decrease in sales was likely the result of decreased supply and increased uncertainty that resulted from the federal budget standoff. Furthermore, the tight inventory and the low days-on-market did not translate to above average price gains. This combination of housing market performance is unusual for the region. Altogether, it suggests that the market is likely being disproportionately driven by a core group of motivated and discerning buyers, while weak inventory and economic uncertainty subdued the overall pool of buyers.

Loudoun’s aversion to new single-family homes driving surge in this type of housing

From The Washington Business Journal (Subscription required): Loudoun County is opening the floodgates to new age-restricted communities in a move that some county officials and other observers say could be detrimental to its economic future. The Loudoun Board of Supervisors recently approved two new age-restricted communities that will add hundreds of units for individuals 55 and

Tightening housing stock continues to drive people out of Greater Washington

From The Washington Business Journal (Subscription required): Laura Pacheco’s search for a new home in Northern Virginia began with high hopes and a $650,000 budget. It ended in frustration and a blueprint to build anew in a small Maryland community more than an hour’s drive away from the District. Pacheco, who now lives in Springfield with

Balancing Amazon HQ Incentives and Benefits

From NBC Washington (link to full story and video): While cities across the U.S. clamor to land Amazon’s second headquarters, one group says it doesn’t want the retail giant moving into Northern Virginia. The Metro DC Chapter of the Democratic Socialists of America has launched the site NOVA Says No To Amazon and says local leaders are being