As home prices remain high, some uncertainty lingers for region’s market

From The Frederick News-Post: While a report out last week showed that June’s median housing prices in the Washington region were the highest ever, another new report suggests that the area’s housing market may face some volatile factors in the coming years. The median sales price for the Washington metro area in June was $471,000, up

Why longtime DC-area homeowners may have trouble selling

From WTOP: A new report predicts that some baby boomer homeowners in the D.C. region who try to sell soon may have trouble getting the price they want. The study comes from the Stephen S. Fuller Institute at George Mason University. It points out that people have been predicting a nationwide housing sell-off tied to aging boomers

Congressman Taylor Introduces Legislation That Seeks to Stop Continuing Resolutions

From wtvf: Congress doesn’t have a reputation for managing money well. But these days it seems like lawmakers are unwilling — or unable — to balance the checkbook on time. These days it seems like Washington budgets by a series of never-ending continuing resolutions — a way of delaying action until well past the last minute.

Workforce trends show challenges for greater Washington

By Jonathan Aberman From The Washington Post: It’s critical that community leaders understand our region’s workforce trends. A recent workforce report from LinkedIn is essential reading. With more than 143 million individual members in the United States and 3 million job postings a month, LinkedIn has a large and current data base to use in identifying

Demographic Factors Affecting the Upcoming Home Sales Market

The housing market is responsive to both economic and demographic factors. Since the Recession, economic factors have played the largest role in the Washington region. In upcoming years, however, demographic trends will put new pressures on the housing market. As Baby Boomers (54 to 72 year olds) move into their next phase of life, many home owners in this generation may wish to sell and either downsize or move. Because this generation owns about 40 percent of all homes owned in the Washington region, even a modest change in preferences could have an out-sized effect on the housing market. The increased inventory that would result from even a modest “Baby Boomer sell-off,” combined with rising interest rates and high levels of student debt among potential buyers, has the potential to moderate sales prices.