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Real estate: the ultimate game of risk and reward. It’s the biggest investment most people ever makeFortunes are won and lost every day. How do you stay ahead of the game? Who’s buying, who’s selling and why? You need an edge. Boroughs & Burbs. This podcast is your secret weapon, giving you the insider knowledge and strategies you need to succeed in the high-stakes and cutthroat world of real estate. The Boroughs are New York City.The Burbs are wherever you are: Connecticut, Austin, the Hamptons, Carolinas, Florida and beyond. From Palm Beach to Palm Springs, Manhattan to Malibu, we travel the country pressing the experts in every luxury market to expose the pain, find the deals, and occasionally predict the future. Don’t settle for mediocrity - tune in to Boroughs & Burbs Thursdays 3pm Eastern and start dominating your market.
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Thursday Jun 29, 2023
Thursday Jun 29, 2023
The greater Washington D.C. real estate market encompasses a wide range of communities, including Arlington, Alexandria, Bethesda, Silver Spring, and those along the Potomac River and Chesapeake Bay waterfront. As the 6th largest real estate market in the United States, it offers diverse opportunities for residents and investors alike.
Impressive growth has been a hallmark of this region over the past decade. Median home prices have soared by approximately 40%, surpassing the national average. In 2021, Arlington's median home price exceeded $800,000, indicating a robust high-end segment. Population growth has also been remarkable, with the Greater Washington D.C. area adding over 500,000 residents in the past ten years.
One of the driving forces behind the market's success is the influx of major corporations. The region has attracted influential Fortune 500 companies, including Lockheed Martin, General Dynamics, Northrop Grumman, Capital One Financial, and Marriott International. These industry leaders have established their headquarters in the area, fostering a thriving job market and driving housing demand.
To gain a comprehensive understanding of this thriving market, join us this Thursday for a special episode of the Boroughs & Burbs podcast. We are thrilled to have Ruth Boyer O'Dea, who oversees the region for Douglas Elliman, as our guest. With her extensive expertise and insights, we will delve into the market's trends, opportunities, and unique characteristics.
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