DC Capital Striders Running Group - dccapitalstriders.com
Event: Friday Morning Fun Run Time: Start at 6:30 AM Location: Meet in front of Tenleytown Metro Station (4501 Wisconsin ave nw Washington dc - corner of Wisconsin and ablemarle st nw) Run Leader: Rachel A. ([masked]) Distance: Between 3 to 6...
Virtual Reality User Experience (VRUXDC)
VR is unmatched in its ability to build empathy, drive social change, and redefine how we experience countless industries. VRUXDC is excited to collaborate with the VR for Good Summit celebrating this way of the future. Join VR leaders...
Women in Consulting - DC
Global Women's Entrepreneurship Day is November 19th! This year we will be celebrating this global event at our monthly coffee meetup! Know an female entrepreneur with global business ties? Please invite them to join us and share their stories...
In a epic collaboration, Advon Real Estate is working in conjunction with a dozen of the top brokerages in Arlington to bring together community to fight hunger and homelessness.
(Arlington, VA) – Saturday, Nov. 19 is the first drop off date for members of the public interested in donating outerwear, blankets and food items in support of the Arlington Realtors Care Drive (ARC). For those interested in contributing, the drop off point is at RGS Title located at 4600 Lee Highway, Suite 110, Arlington.
Collection hours are 10 a.m. through 2 p.m. Donated items will be delivered from the participating ARC partners to individual charitable organizations.
Clothing items will be delivered to A-SPAN, an organization that strives to end homelessness in Arlington through housing and ongoing case management. A-Span’s current needs are coats, winter-wear (gloves, scarfs, beanies, long-johns) and blankets. Items should be new, cleaned or recently laundered.
Food donations will be delivered to The Arlington Food Assistance Center (AFAC), a community-basednnon-profit that provides supplemental groceries to Arlington residents. AFAC accepts most unopened, unexpired, and unprepared foods, including perishable items. The organization is most in need of low sodium tomato products (diced, paste, & sauce), low sodium canned tuna, low sodium canned soups, low sodium canned beans, low sugar cereal and cooking oil.
ARC is comprised of 12 real estate firms and RGS Title who have joined forces to provide winter essentials for those in need throughout the Arlington community. The drive started on Nov. 1 and will continue through Dec. 31. The second community drop off date is scheduled for Saturday, Dec. 17 at RGS Title.
For more information on the charities involved, visit AFAC: The Arlington Food Assistance Center –
Managing Real Estate Uncertainty in a Time of Presidential Transition
Like it or not, our nation has selected a new President. But what does it mean for real estate in Northern Virginia?
Typically, when a new President is elected real estate stays static, as people go into analysis paralysis. Lump that in with Fed plan to raise rates, Brexit, etc., and we have a bit of understandable uncertainty, which is the catch phrase of the week. Allow me to provide some clarity in what I see ahead for real estate in our area after attending the wrap up Economic Summit for the Region with the micro effects as discussed by Nationally Syndicated Columnist Ken Harney, Dr. Lynn Fisher of the Mortgage Bankers Association, Stockton Williams of the Urban Land Institute and Dr. Terry Clower of George Mason University’s School of Public Policy.
Their discussion of macro and micro climates and how the Trump Presidency will possibly effect the region’s real estate had the same buzz word: uncertainty, with a hint of optimism. Before delving into detailed notes from the Summit, take note of a recent Inman new article, Thomas Mitchell wrote that, “Trump has used real estate himself as an investment, and although he hasn’t said much about his housing platform, what he has said indicates that he’s interested in boosting homeownership. Much of Trump’s platform has centered around deregulating the financial market in order to more fully revive it, and that alone could also give a boost to real estate.”
Trump is well known to have interesting concepts behind immigration and reform policies, and could try to make it more difficult to find loans for the immigrant population, but as a major real estate investor, he may try to make it easier to build. Key words here “he may.” No one knows yet for certain, because Trump and his campaign have never discussed his policy on housing, except for a possible dissolution of HUD.
Just as our style of government has a series of checks and balances to prevent a concentration of power in the government, real estate prices in NOVA are subject to stabilizing forces under the law of supply and demand. And in NOVA, this is great for buyers/sellers. We live in a strong area…. We have one of the richest in economically viable areas in the Nation, and we have a very low unemployment rate coupled with a very high income rate. Dr. Fisher discussed an average of 188,000 people added to area payrolls month over month. The job growth is in our region is healthy, viable and, in a word, good. Interestingly, there are more jobs than qualified people to fill them in NOVA (3.6% wage growth year over year.) She also noted an upward pressure on wages for these jobs in our region.
Looking forward, the top job categories in our region are:
With steady job growth, comes steady employment in the region. The main concern Dr. Fisher identified was the expectation that Fed would raise rates, and she notes that her team don’t expect rates to go over 4.5% in the next year. She also expects 10-11% in the next year in new home sales growth, which is a phenomenal growth in most NOVA neighborhoods considering we’ve been seeing 9% in many and 16-22% in some areas.
The funding of construction financing is difficult in some instances; however, with new types of lending programming on the forefront, and with more consumers being educated by the smaller local lenders, there will continue to be steady growth. With that said, there may be near-term shifts with the new presidency.
Ken Harney reiterated the concept that happens with every new presidency: people will move in and move out. High figureheads will look for high-end housing with plush amenities like the McLean, Potomac or Great Falls sort of locales. Appointees and party changeovers bring out the buying, selling and renting of real estate across the board. New jobs will be made. Industry shifts. They won’t be “draining this swamp” they will, in fact, be filling it.
Harney also reminded the Summit attendees that there are plenty of opportunities for the pro-business minded.
Dr. Clower was quick to share that if Trump does what he says he plans to do, the pro-business side of the region will benefit and there will most certainly be growth. If Trump lowers the tax basis, then we will likely see massive near-term growth.
On the topic of building, one of the panelists posited a thought about who will build if Trump implements his immigration reform? What will happen to the already low housing stock? Interesting thoughts, yes. It will definitely change the dynamic of our already low inventory and a new labor force will need to be trained somehow and fast! In NOVA, we need 410,000 homes annually with 210,000 in the low to moderate income range. We need to continue to meet our absorption rates. The fact remains that the “if this, then that” scenario is still playing out. No one knows what is going to happen next. We all just know that we have a new president coming down the pike.
Of course, there remains uncertainty over what will come next. But that’s nothing new – one of life’s few certainties is change (oh and taxes…). In the end, it’s virtually impossible to determine how the markets will react over the next few months or years based on the election of any presidential candidate. We are fortunate to live in a real estate market that has weathered its share of national market swings, and has always come out stronger than ever.
The bottom line is that while we just don’t know what the future may hold (no one does), we can still make reasonable, rationale plans based on the data at hand. Indeed we must. Real estate, like our country, is bigger than a single person, a single party, or a single state. There will likely be unknowable events – political and otherwise – that will push markets up and down in a hurry along the way. But even still, I believe in our country and in Northern Virginia. If you’d like to chat, please give me a call, shoot me a text, or send me an email. I’d love to hear from you.
For the backup to much of what is listed above, here are some links from the presentation for your review:
Do you follow the ongoing banter about expansion of 66 or the toll roads or the impact of urban density in Northern Virginia? Do you commute via car, rail or metro to get to work? How about all of the above? Well a recent article by Tree Hugger mentions the actual effects of Suburban Sprawl and the fact that it is a lot more costly than we would imagine.
They mention “Two new studies demonstrate the true costs of sprawl, and attempt to show that if new development was built at higher densities and with proper public transit, billions of dollars could be saved. Yet people still find it cheaper to buy a house in the suburbs, because the road system is so subsidized…” What do you think this means for an area like Northern Virginia where we all live so close to DC, and the commute is half of the reason we buy our homes, sometimes all of the reason. There are actually apps now that determine commute times for a home sort of like a walk-score, now there is a drive-score. It is pretty interesting to see what determines what is important for gauging why someone will purchase a property and more often than not in NoVa real estate, you can count on the commute playing a major role.
Suburban Sprawl and urban infill development are two things that are very important to me. Important because I want to make sure we stay true to our communities and see if there are ways to increase density in a way that is beautiful, artful and creative and can innovate.
I hope this note finds you happy, healthy and ready to launch into the new year, 2016 with a huge smile on your face after having enjoyed a beautiful year. I want to start by saying thank you to you. Truly, I haven’t said it enough, but you have been a huge part of my personal growth, and for that, I thank you.
Many of you know that Drew and I had a tremendous 2014-2015 with so many milestones and events to be celebrated. In July of 2014, I was asked to launch a new brokerage, which was an incredible honor. Before making the incredible decision, and taking the anticipated “plunge” that wouldn’t happen until January of this year, Drew and I were able to take a much needed month long trip to New Zealand and Australia. The people, wildlife and scenery are simply amazing, and if you’ve ever wanted to go, I strongly encourage moving that up to the top of your bucket list!
It was a trip of a lifetime, and we could not have been more excited to be able to go on that adventure, only to come home with more wonderful opportunities. Drew has now been at his firm, Alston Bird for going into his second year, and I began my new adventures as well! I could, honestly, not have been more thrilled to have accomplished what I have in the short amount of time; I am forever grateful for the opportunities I was afforded. I am excited about what is next…
Now, I am delving into another adventure. I am starting something of my own, which will, no doubt, be one of the most testing, yet exciting things I will ever do. I know that without my friends, colleagues, clients and of
course, my amazing husband, family and groups of folks like you, I wouldn’t be able to do this. I look forward to many more years in my real estate career- full of growth and successes- most of all, I look forward to sharing these successes with you.
My favorite thing to share with you is that I am getting to do what I love to do, with wonderful, innovative people.
Life, joy and real estate are off the charts here in the DC Metro area. I enter into this Season with a heart full of gratitude for all of my blessings, of which you are one. Thank you for the gift of your friendship, your kindness and your loyal support.
May the rest of your 2015 be beautiful, and your 2016 be the best year yet! I hope our paths cross aplenty.
We have a very fast pace way of life here in Northern Virginia, am I right?! It is nice during the holidays to sort of slow down a bit and soak up some of the fun times you can get with the people and things you love the most. I found these DIY holiday items on Houzz and just had to share them with you because they are adorable. Check them out. If you make them, post them on my Facebook page or tweet them to me! I’d love to see what you do!
The Sweetest Season
How wonderful is it that you blink and all of a sudden, it is November, and the leaves are changing, the days have the golden hour, and the temperature gets a bit more crips? Another thing that you may have notices in Northern Virginia is that there is this wonderful time of year, when people start to give back to one another, seeing their fellow human beings as exactly that- fellow humans. I love the start of the “candy season,” not just because of the free-flowing chocolate and caramel, but because people seem sweeter, and the thought that giving back is supposed to happen, well, it just starts to happen.
I read something a couple of years ago because my mentor suggested it, it was called the “Go Giver.” People give out and act as resources to one another- not just seasonally, but always, and it makes our community run a bit more smoothly. That is how I choose to live my life, and that is how I choose to run my business, and I truly hope that people who I am surrounding myself with are of the same spirit, not just during the “candy season,” this season of giving. I am thankful for my husband, my family, my friends, my home, my health, my work, my continued success and yours as well. I am thankful for you and hopefully our friendship, too.
Happy Thanksgiving. A season, for always.
This Arlington Designer Homes New Construction is a perfect combination of form and function.
Situated in the heart of Falls Church City, 609 Lincoln Avenue brings you everything you have been looking for in the modern craftsman. Every detail has been meticulously reviewed in design to allow for the understanding of how you would live your fantastic life in this comfortable, energy-efficient home. Artfully designed spaces with elements of tradition and modern life, 609 Lincoln delivers on comfort, performance, and high-style. Minutes to the precious shops and delicious restaurants of Falls Church City along Broad, as well as directly across the street from Lincoln Park and on the W&OD Trail, this home provides you with conveniences abound. Only fifteen minutes into The District, and even closer to Arlington, you can either hop on 66 or take the East or West Falls Church Metro options, which are both equally fantastically close! 609 Lincoln has been designed for maximum energy-efficiency and will give you healthy, comfortable living in with modern craftsman styling.
Proposed options for the 5 bed 4.5 Bath 3500sf home:
- Falls Church City off of Great Falls/ Lincoln
- Adjacent to Lincoln Park, W &OD trail
- Less than .4 miles to Mad Fox, Cherry Hill Park, Falls Church Farmer’s Market
- Less than .5 miles to Rt. 66
- .09 Miles to Giant Grocery and just over 2 miles to Whole Foods/Trader Joes at Idylwood
- +/- 3500 SF
- 5 bedroom
- 5 bath
- Dining/flex space
- Open kitchen
- Great room
- 2 car front loading garage
- Custom design- layout for optimal livability and flow
- Currently customizable
- Molding detail throughout
- Updated craftsman finishing and trim
- Optional bedroom/ flex space in basement ideal for au pair suite
- Thoughtful amounts of storage throughout
- Reduced Energy costs for lower bills and smaller carbon footprint
- Energy Star 3.0 Certified
- HERS rated for energy efficient mortgage options
- Smart technology options for the techie in you
- High efficiency Windows
- Energy Sealed for tight building envelope
- Improved indoor air quality with proper air exchanges
- Durable interior and exterior products selected for low/no maintenance
- Water efficient plumbing fixtures
- High performance Bosch appliances
- High efficiency lighting options
Welcome home to the McLean Hills Community. A hidden gem that is situated between Tysons Corner and Idylwood in the McLean community. Built in 1967, this mid-century charmer has everything that the Northern Virginia Commuter would desire in a tidy two bedroom, 1 bath package.
AREA FEATURES/COMMUNITY PERKS:
Nestled within the sought-after Tyson’s Corner area of McLean Hills, this 2/1 condo has been quite well kept. Bright, charming and conveniently located to all of the things you have come to desire in Northern Virginia. Quick access to Tyson’s Idylwood, DC, 95, 66 and more. Amenities galore, including a easy access to the new Silver Line metro! Storage, parking, and versatile balcony are bonuses along with the gourmet kitchen with beautiful granite, stainless steel and hardwoods. Welcome Home.
HOME FEATURES:• 2 amply sized Bedrooms/ 1 Bathroom
• Great sized updated bathroom
• Master walk-in closet
• Additional walk-in storage closet
• Kitchen-living room combo with hardwood floors
• Gourmet kitchen with granite counter tops and stainless steel appliances
• Kitchen island for extra counter space
• Lovely natural light throughout
• Stunning cedar ceilings give mid-century style
• $364 monthly Condo dues
7841 ENOLA #208 MCLEAN, VA 22102
Welcome Home to the perfect place to get acquainted with Northern Virginia and everything that the DC Metro
Area has to offer.