This week’s Washington D.C. news relating to the real estate industry.
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Rivergate is a community in Alexandria, Virginia, with 58 luxury townhomes. Originally sold for $375,000, these homes have continued to rise and will continue to do so as the waterfront renovations in Old Town Alexandria get underway. This community is also directly across from the new MGM Grand Casino at the National Harbor, opening in 2017.
Black Knight Financial Services recently released its February 2016 residential real estate transactions report, the Home Price Index (HPI). The report found that national home prices in February were up 5.3 percent on an annual basis and increased 0.7 since January.
The listing appointment between the real estate agent and prospective client lasted six hours. When the agent — who was engaged — left the meeting, she called up her friend, Jennifer Egbert. Then she turned around and headed back to the prospective client. “What the hell is going on here?” she asked the man she’d shared company with for the better part of a workday
Walk Score, a company operated by Redfin, has determined that New York City is most walkable city in America. San Francisco is named as the second most walkable city, followed by Boston. Walk Score only ranked cities in America with populations exceeding 300,000.