Housing Market Fairfax County

The housing market is recovering very nicely in Fairfax, Northern Virginia.

Median Sales price have increased by 8% and Units Sold down by 2%.

What does this mean? More people are preferring to keep their homes from selling and are looking to sell on the uptrend, maybe at the peak.

Is this a good sign of Housing Market Recovery?

Does Sequestration and Budget Cuts have a bearing on Sales? We won't know until a year from now. This state has been immune to nation-wide economic downturn, as Federal spending weren't impacted. It might be different this year as the region and workers braces  budget & spending cuts for 2013.

Let's catch up a year from now on this Post.

Fairfax county Parkway renumbered?

Reasoning behind naming Route 7100 (Fairfax county parkway) to 286, converts it from secondary to primary road, meaning it may be eligible for new funding and maintenance priorities. The route can get federal funding for paving, guardrail and bridge improvements, along with other projects. The feds typically cover 80 percent of the cost to maintain interstates and primary roads. The state generally pays the remaining 20 percent.