Washington, D.C

How D.C. region’s housing market fared in 2021 by zip code

Published

2 years ago

April 27, 2022

How D.C. region’s housing market fared in 2021 by zip code

A shortage of houses mixed with growing wealth has been fueling housing costs within the Washington area for the previous couple years. In 2021, each jurisdiction – the District, Maryland and Virginia – noticed costs transfer considerably larger. Dwelling gross sales picked up a bit however remained constrained by low stock.

Utilizing knowledge from Black Knight, a mortgage and actual property expertise and knowledge supplier, we mapped gross sales of single-family homes within the area’s 326 Zip codes. Condominium gross sales had been separated out of the info as a result of they have a tendency to pull down median sale value. Zip codes with lower than 10 single-family home gross sales additionally weren’t included.

Under, discover three housing indicators – value, gross sales and alter in value – for every Zip code.

Median gross sales value 2021

Median value is just not the identical as common value. When taking a look at all of the houses offered in a Zip code, the median value represents the midpoint — which means that half the houses offered for above the value and half offered beneath it.

Though costs can and do range from neighborhood to neighborhood, understanding a Zip code’s median value offers you some sense of what houses price in that space.

Change in median value 2020-2021

The change in median value in a Zip code from 2020 to 2021 is proven. Though costs can and do range from neighborhood to neighborhood, understanding the change in median value signifies whether or not costs are rising or falling in that Zip code.

For areas that noticed a big lower in median sale value, stock may have performed a task. The few homes that had been offered could haven’t been consultant of the realm as a complete.

Change in gross sales quantity 2020-2021

The variety of gross sales in a specific Zip code will be deceiving. Due to their density, some Zip codes can have a higher variety of gross sales than others.

However by wanting on the proportion change in gross sales from one 12 months to the subsequent, it offers a sign of how lively or sluggish the housing market is in that exact space.

About this story

Enhancing by Kathleen Silvassy, Tim Meko and Kate Rabinowitz.

Gross sales of single-family homes within the area’s 252 Zip code knowledge was supplied by Black Knight. Zip codes which can be in a number of counties are listed below their major location.

Source link

Washington, D.C

Naperville Navy veteran marches in Memorial Day Parade in Washington, D.C.

Published

4 hours ago

May 23, 2024

Press Room

Naperville Navy veteran marches in Memorial Day Parade in Washington, D.C.

Naperville resident Gene O. Garcia, a U.S. Navy veteran who served in the Middle East for a year during Operations Desert Storm/Shield, will be marching in the National Memorial Day Parade along Constitution Avenue in Washington, D.C.
Courtesy of Gene O. Garcia

On Memorial Day, hundreds of veterans who served during Operation Desert Storm in 1991 will be in our nation’s capital to honor those who have died during their military service.

Gene O. Garcia of Naperville, Illinois will march in one of the largest groups of veterans in the National Memorial Day Parade beginning at 2 p.m. EDT on Monday, May 27, on Constitution Avenue in Washington, D.C. The parade is broadcast live and produced by the American Veterans Center.

Less than one mile from the parade route is the spot where the Desert Shield and Desert Storm Memorial will be constructed. Projected completion and dedication of the memorial is fall 2025.

Cee Freeman, vice president of the National Desert Storm Memorial Association, said, “During Operation Desert Storm, I served with the finest fighting force ever assembled. Thirty-three years later, I am honored to be in the official reviewing stand on Memorial Day to witness their commitment, honor, and veneration for the men and women who died while serving.”

Gene O. Garcia, a U.S. Navy veteran, served on board the USNS Mercy as a Surgical Technologist during Operation Desert Shield and Operation Desert Storm.

In 1990, Saddam Hussein invaded Kuwait. Within 24 hours, Iraq’s military occupied its southern neighbor with the intent of further advancing into Saudi Arabia. President George H.W. Bush would successfully lead a coalition of dozens of nations in the liberation of Kuwait in 1991, a campaign known as Operation Desert Storm.

More information on the Desert Shield and Desert Storm Memorial can be located at www.ndswm.org.

Source link

Washington, D.C

Tuberville: 'We need to close Washington, D.C. for the next 6 months and save America' – Yellowhammer News

Published

11 hours ago

May 22, 2024

Press Room

Tuberville: 'We need to close Washington, D.C. for the next 6 months and save America' – Yellowhammer News

U.S. Sen. Tommy Tuberville (R-Auburn) is so frustrated with the Biden administration that he thinks the country would be better off if the federal government just closed up shop for the next few months.

We need to close Washington, D.C. for the next 6 months and save America. #MAGAhttps://t.co/2IHiUKCJo9
— Tommy Tuberville (@TTuberville) May 22, 2024

“We need to close these buildings up there and go home for the next seven, eight months before we really put this country under,” Tuberville said Wednesday on Newsmax.

The senator was reacting to President Joe Biden calling for an increase in the capital gains taxes and corporate income taxes.

“You can’t make this up,” he said. “You don’t do that in an election year, so something’s going wrong out there. Something is kind of fishy with this election coming up when they’re saying, Hey, by the way, we’re going to double your capital gains tax. Makes no sense whatsoever what they’re doing.”

Biden has proposed raising the corporate income tax rate from 21% to 28% and to raise the capital gains tax to 44.5%.

Tuberville also blasted the current state of Social Security.

“No, most people won’t get Social Security,” he said. “It’s just unfortunate. It was a tax that was levied on the American people years ago, sold a bill of goods. Hey, we’re going to take care of your retirement.”

Current estimates say the federal government has $93.1 trillion in unfunded liabilities related to benefit programs like Social Security.

“If you would have taken the money that you put in Social Security and put it in a 401k,” he continued, “it would have been worth 10, 15, 20, 30 times what it is today. It’s unfortunate, this place up here. The federal government does not know how to handle your money, but they want more of it.”

The Social Security Trust Fund will run out in 2035 according to a Social Security & Medicare Trustees report.

Yaffee is a contributing writer to Yellowhammer News and hosts “The Yaffee Program” weekdays 9-11 a.m. on WVNN. You can follow him on X @Yaffee

Don’t miss out! Subscribe today to have Alabama’s leading headlines delivered to your inbox.

Source link

Washington, D.C

Lockdown At GOP HQ After Vials Of Blood Received: Reports

Published

18 hours ago

May 22, 2024

Press Room

Lockdown At GOP HQ After Vials Of Blood Received: Reports

WASHINGTON, DC — The Republican National Committee headquarters in Washington, D.C., was locked down for a time Wednesday morning after an unknown person sent vials of blood to the building, according to news reports.

U.S. Capitol Police responded around 7:45 a.m. to the building located at 310 First St. Southeast for the report of a suspicious package, police told NBC News.

Police cleared the package after determining it contained vials of blood, NBC News reported.

A police source told CNN the package contained two vials of blood, a Korean Bible and two ice packs. An all-clear was issued shortly after 9 a.m. ET.

A hazardous materials team is on site, and US Capitol Police is participating in the investigation.

Patch will update this breaking news story.

Source link