Shaun Kenney | Politics and Religion in Virginia's Public Square


Thursday, December 28, 2006 OTB: Good News In the Housing Market The housing market seems to have hit bottom, which is great news for anyone who is thinking about buying a home in the next three months. By springtime, we'll be back to the same frentic pace we were two years ago. Why? Because the demand for housing is going up, rental costs are increasing, and people certainly aren't moving out of Virginia... Add to the stack that not only does Virginia have an exploding tech industry, government (both state and federal) is always in business. Naturally, this dovetails into a favorite topic of mine: affordable housing and smart growth. I won't bore anyone with the strum-und-drang, but I will mention it as food for thought as the housing market rebounds. posted by Shaun Kenney \| 12/28/2006 10:17:00 AM \| 3 comments 3 Comments: At 2:09 PM, Doogman said... What? Hit bottom? It was going down? Ok, now I'm confused - I thought the economy was booming...? Which is it? At 2:48 PM, Shaun Kenney said... There was a pretty good WaPo article talking about how the housing market has taken a hit, but the construction market has continued to grow by leaps and bounds because of commercial construction taking off. In short, the economy is still booming. We'll be sure to blame the Dems for it imminent downturn (and thank President Bush when the economy "rises on a tide of hope", if I recall the line in 1996 correctly). Heh. At 6:25 PM, Shaun Kenney said... Well said, Chris. I would expect NOVA to either grossly underperform or grossly outperform the national average one way or another. I agree 100% that spring should be a rebound for housing in Virginia. Post a Comment Home
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