Headlines: Construction spending, property values around DC on the rise
Here’s a look at what’s happening in real estate around the District of Columbia.
The report found that property assessments have reached new highs in D.C. and Alexandria as well as Arlington and Loudoun counties. Over the past five years, values are up 15 percent in Arlington and Loudoun counties, 11 percent in the District and 7 percent in Alexandria. -Washington Business Journal
Construction spending rose 1.1 percent, the largest gain since May, to an annual rate of $970.99 billion, the Commerce Department said on Tuesday. -CNBC
The somewhat dry-sounding report, “Real Property Assessment Trends in the Washington Region, 2005-2014,” offers an interesting take on property assessments in the region and gives insight into which jurisdictions have rebounded the most (and least) since 2009. -Urban Turf
Barracks Row is a five-block stretch of Eighth Street SE from Pennsylvania Avenue south to the Washington Navy Yard at M Street SE. In the past year, 297 houses sold in the 20003 Zip code, which covers Capitol Hill Southeast, including Barracks Row, said Rachel Abramson, of Capitol Asset Realty. The prices ranged from $332,500 to $2.85 million. -Washington Post