Headlines: Construction spending, property values around DC on the rise

By December 3, 2014 Uncategorized
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Here’s a look at what’s happening in real estate around the District of Columbia. 

George Mason study says suburbs feeling property tax pinch

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 rises more than expected in October

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

Property values rebound in a few DC-area jurisdictions since recession

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

Where we live: Barracks Row has gone from grit to glamour

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

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