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Washington, D.C., is the setting for the most important political activity in the United States. But The District is also a business, education and tourism hot spot. Several universities have campuses downtown, and visitors come year round to see the White House and other historic sites. Whether you’re working, raising a family or just visiting, Washington DC, is an exciting place to be.
What could be better than living in a city that is full of excitement and history? With so many wonderful features and attractions, it’s no wonder why Washington D.C. real estate agents choose to work in this area. The real estate market remains strong in the D.C. area and as the number of sales continues to thrive, the opportunity to take advantage of living in this great city is at your fingertips.
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Washington D.C. Real Estate Agents
With a slowdown in home price appreciation, the market will be able to keep prices within reach for home buyers. The stability of the economy in this city will provide Washington D.C. real estate agents with the opportunities they need to help people find the homes they deserve.
Ever-lasting Economy
Due to the fact that the federal government will continue to operate no matter what becomes of the general economy, the Washington, D.C., economy is virtually recession-proof relative to the rest of the country. A considerable portion of the metro area’s population holds some sort of correlation to the federal government, and the presence of many major government agencies has led to a significant amount of business development in the district, as well. The daytime population is estimated at 982,853 and because there are over 410,000 workers in Washington on a normal business day, the capital’s normal population is increased by 72 percent, the largest increase percentagewise of any city studies.
What Washington D.C. has to Offer
Home to numerous national landmarks, Washington, D.C., provides ample opportunities for residents to enjoy themselves. Some wonderful examples of historic attractions include: the White House, the United States Capitol buildings, Lincoln Memorial, Washington Monument, Library of Congress, National Archives, Smithsonian Institution, United States Holocaust Memorial Museum and the National World War II Memorial. It’s overwhelming just how much history this city contains! Washington, D.C. real estate agents would like nothing more than to help you purchase a home within this great city, so you too can enjoy the many perks that the city has to offer.
Strong Housing Market
According to David Lereah, NAR’s chief economist, “home sales will stay well above what was considered to be a healthy level in the late-1990s. The population has grown, household formation is strong and demographics tell us this trend will continue. In addition, a similar mix of economic conditions expected in the U.S. for the foreseeable future.” In January 2005, it was expected that homes sales would remain close to record levels with 1.1 million sales expected.
As of 2005, D.C. had an estimated population of 550,521 with a median age of 35 years. The median household income was $40,513 and the average family income was $46,283. Due to net migration, a decrease to 433,000 people is expected by the year 2030.
Conclusion
An increase in construction provides a supplement of housing developments for people looking to make the move to Washington, D.C. Even though the typical new-home price continues to increase, the many benefits that the city has to offer more than make-up for the extra costs. Don’t wait too long to take advantage of this wonderful opportunity. Washington D.C. real estate agents are anxiously waiting to hear from you.
By Desirae’ Thom
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®