Buy Alexandria Real Estate: June 2010

Alexandria Virginia Real Estate Blog

Jobs = People = Houses -- Sounds Like a Winning Formula for D.C. Region

EquationWhile national employment numbers that were released yesterday were disappointing and battered the stock market, things are different here in the D.C. area.  According to data released this past week, unemployment in the Washington area dropped substantially in April to an unemployment rate of 5.9% compared with 6.6% in March.

 

According to Stephen Fuller, director of the Center for Regional Analysis at George Mason University, "the losses are shrinking, and we're getting more gains."  The Washington Post reported that while the federal government and Washington area health and education sectors continued hiring throughout the recession, in April 2010, retail and hospitality sectors also added jobs, as well as nonprofit associations, and professional and business services.

 

The net job gain in the D.C. area is the highest in the United States.

 

More jobs = More People = More House Sales -- This sounds like a winning formula for the D.C. region and the D.C.'s economy.

Unlike the mathematics pictured above, this is a simple equation!

While the stock market may continue to be a bumpy ride, the D.C. area real estate market has continued to stabilize.  
Contact me at 703-626-0715 or brian@brianblock.com for a free analysis of your real estate goals.

 

Thank you for reading my blog post.  If you like what you’ve read, then please:

Follow, Connect, Watch, Subscribe

Follow Brian Block on TwitterBecome a Fan of Block Real Estate Group on FacebookConnect with Brian on LinkedInWatch Brian's Videos on YouTubeSubscribe to Brian's Blog

If you plan to purchase or sell a home in the Northern Virginia or D.C. area,
you can visit my main Northern Virginia & D.C. real estate website at www.VirginiaRealEstateNews.net.

START YOUR NORTHERN VIRGINIA HOME SEARCH TODAY!

Comment balloon 5 commentsBrian Block • June 05 2010 09:51AM
Jobs = People = Houses -- Sounds Like a Winning Formula for D. C…
share
While national employment numbers that were released yesterday were disappointing and battered the stock market, things are different here in the D. C. area. According to data released this past week, unemployment in the Washington area dropped… more
A Foreclosure Here, A Foreclosure There, Foreclosures are Not…
share
Foreclosures are certainly in the news! In the last few years, if you've turned on a television, opened a newspaper, looked on the internet, or in some cases walked down the street, you've heard or seen news about foreclosures. That's without a… more
May 2010's Most Expensive Home Sales in Northern Virginia
share
Are you wondering about Northern Virginia real estate and pondering what has sold recently? Here's some information about the most expensive home sales in Northern Virginia (Arlington County, Alexandria City, Fairfax City, Fairfax County, and… more