On March 6, 2017, Dr. Mark C. White of George Mason University’s Center for Regional Analysis presented an overview of his most recent report, “Assessing Alexandria/Arlington’s Regional Labor Market”. This report will help the Alexandria/Arlington Regional Workforce Council’s stakeholders to better understand trends shaping the region’s workforce and identify sources of current and future labor demand. A copy of Dr. White’s presentation and report can be found here:
Federal workers are vital to the DC region’s economy. Concerns are rising regarding the impending potential draw-down in the federal workforce. More to come regarding the characteristics of those employed by the federal government in our region.
Note: These numbers include both civilian and military federal employees. This, in combination with a smaller overall workforce likely explains higher concentrations in counties to the south.
CRA announces the release of “Loudoun County Housing Needs Assessment, 2015-2040”, a report produced in partnership with Lisa Sturtevant & Associates, LLC and CRA associate Jeanette Chapman as co-author.
Loudoun County contracted with the George Mason University Center for Regional Analysis and Lisa Sturtevant & Associates LLC (GMU consulting team) to assess the County’s current and future housing needs. Section I of this report includes an analysis of current demographic, economic and housing market conditions and patterns of housing affordability in the County, and describes the current gaps between housing demand and supply. Section II includes an assessment of the economic and demographic forces that will drive future housing demand in Loudoun County, presents detailed forecasts of household growth and housing demand to 2040, and analyzes the potential implications of a gap between projected demand and anticipated supply in the County.
January 2017’s median sales price of $390,000 was up $14,500 or 3.9% compared to last year.
This is the highest January median sales price of the last decade, topping the prior high of
$385,000 seen in 2015.
All property types saw increases in price, with townhomes up 5.0% to $389,000, condos up 4.9%
to $300,000, and single-family detached up 3.3% to $465,000.
Falls Church City remains the most expensive location in the region, with a median sales price of
$610,000, which is down 18.3% from last year. Prince George’s County is still the most
affordable area in the region, with a January median sales price of $260,000, up 7.9% from last
January.
Kelley Coyner, affiliate with the GMU Center for Regional Analysis, and Lisa Nisenson led the capstone session of Eno’s Capital Convergence, Taking it to the Streets: Creating the Strategies to bring an AV Shuttle to the Region. They identified some common strategies in policy and law, funding and finance, safety, and planning that are needed to get driverless fleets and shuttles to the streets of the DMV and beyond.
Read more here.
Dr. Terry Clower discussed the national and regional economic outlook at the 25th annual Northern Virginia Chamber of Commerce Economic Conference
