Northern Virginia:
“Home owners in the D.C. region don’t want to spend much time in their cars. At least that’s what we’ve learned after reviewing the 2013 housing market data. With the help of RealEstate Business Intelligence, a subsidiary of Rockville-based MRIS, we crunched last year’s numbers to get a sense of where sellers and buyers fared best in this area. We found a few surprises – Springfield and Hyattsville – and got confirmation of what we’ve long suspected. (Great Falls is an expensive place to live.)
But after speaking with a number of real estate agents to find out what they had to say about the market, one term we kept hearing was “walkability.” At every income level, home owners seem to want to walk or take public transportation to where they need to go. They’re tired of being stuck in their cars. The push to move outside the Beltway to buy a bigger house is in the past. These days buyers are sacrificing space for shorter commutes.”
~Writes Kevin Cobb of the Washington Business Jounral
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