HOUSINGNEWS REPORT
STATE SPOTLIGHT
“There is most definitely an inventory shortage, but it seems that we may have hit a little softening of the market,” said Terzis. “It’s almost as if all the buyers who were going to buy have done so, and most of the buyers left are not as motivated to purchase. Some may be waiting out the election, but there have been quite a few listings this fall that we would have expected to sell in the first weekend which did not. Some of those went on to sell a week or two later, some lingered on the market and even had a price drop. Sellers aren’t able to price their homes 5 percent over last year and get a fast contract anymore. The market feels like it is stabilizing — which is actually a welcome change.” On the east side of the Anacostia River, the Anacostia neighborhood is a largely poor, black community and home to the
late former mayor Marion S. Barry Jr. It is also home to the Frederick Douglass National Historic Site , maintained by the National Park Service, which preserves the Cedar Hill estate in Anacostia where the fiery abolitionist Frederick Douglass once lived. Anacostia is part of the city’s Ward 8, a hilly community lined with row houses and turn-of-the-century Victorian two-story homes. H Street Corridor Jennifer Myers, a broker with Dwell Residential Brokerage , said the H Street corridor is one of the most popular neighborhoods in D.C. “It’s a great neighborhood where you can get a lot more space for the price than other neighborhoods in Northeast D.C., yet still accessible to easy public transportation and neighborhood
amenities like the new REI flagship, a new Whole Foods, the city’s newest restaurants and bars,” said Myers, referring to H Street NE, a retail corridor that in recent years has revitalization occurred and gentrification taken hold. It’s been 48 years since the assassination of Martin Luther King Jr. in 1968, and few areas were hit harder from the riots that ripped through Washington than the H Street Northeast corridor. The H Street corridor, which is a predominantly a black neighborhood, runs from the iconic Union Station on its western edge on 2nd Street NE to 13th Street NE on the east. Just north of Capital Hill, the arrival of newcomers and new housing to H Street has attracted artists, musicians and those looking for a strong local vibe.
1,000,000
WASHINGTON D.C. POPULATION, 1910-2010
800,000
802,178
763,956 756,510
663,091
638,333
600,000
606,900
601,723
572,059
486,869
437,571
400,000
231,069
200,000
0
1910
1920
1930
1940
1950
1960
1970
1980
1990
2000
2010
Source: U.S. Census Bureau
ATTOM Data Solutions • P20
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