HOUSINGNEWS REPORT
STATE SPOTLIGHT
The commuting options are changing so drastically for the better that areas that were previously hard to get to and from because of lack of Metro are now much easier.”
Jennifer Myers Broker at Dwell Residential Brokerage
800 block of H Street in the Near Northeast neighborhood
The Atlas Performing Arts Center , a movie house that closed after the riots, re-opened in 2006 and anchors the eastern end of the H Street corridor, while the Landmark Lofts at Senate Square bookmarks the west end of H Street NE. Myers said real estate prices along the 13 block stretch of H Street are going up fast, especially after the 2.4 mile H Street streetcar line opened in February. She said buyers are searching for areas that have various transportation options besides the Metro. “Trends that I’m seeing this year that weren’t happening last year — definitely different commutes,” said Myers. “Previously, Metro ruled all, but given the Metro is undergoing improvements in the area and is not running as frequently,
get what you want — even if you get beat out once or twice.”
people are looking towards all the alternative options to get around town and to and from work, including Capital Bike Share, the trolley, buses, biking and Uber. The commuting options are changing so drastically for the better that areas that were previously hard to get to and from because of lack of Metro are now much easier.”
Building Boom During the Great Recession, new housing construction stalled while D.C. population continued to grow. Washington’s federal government presence shielded the District from the damage that battered most of the country. The D.C. economy grew faster than the nation as a whole from 2008 to 2010, as federal procurement and hiring levels increased. Meanwhile, developers pulled more than 36,000 new building permits in 2005, according to the Census Bureau . By 2009, new home permits had shrunk to just over 12,300.
Myers said increased completion and multiple offers still plague the market.
“The challenge continues to be competition,” she said. “Homes, when priced correctly, tend to get several offers and it really scares buyers away. They just need to be patient and know that their dream home is within their reach, it will happen, there are tools your agent can show you to make sure you
ATTOM Data Solutions • P21
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