Fairfax County saw solid home sales and increasing prices in February, but the U.S. war in Iran and its potential to exacerbate existing affordability challenges may cloud the springtime market.
Sales countywide for the month totaled 691, up 6.2% from a year before, according to figures reported Tuesday (March 10) by MarketStats by ShowingTime.
Apartment hunters across most of Fairfax County are seeing lower rental rates than they were at this time last year, but higher costs are likely come springtime, according to new data.
Six of seven Fairfax communities included in Apartment List’s March rental report for the D.C. area showed year-over-year declines in median asking rents during February.
AOL’s Northern Virginia presence continues to shrink, as the one-time internet pioneer prepares to lay off more than 100 employees in the coming months.
A total of 108 workers who work at or receive assignments from the company’s office at 11955 Democracy Drive in Reston Town Center will be laid off between now and May 31, according to notifications sent to the Virginia Department of Workforce Advancement and Development and Fairfax County Board of Supervisors Chairman Jeff McKay on Feb. 17.
Fairfax County’s real estate tax rate would remain the same, but the typical homeowner would still pay $357 more due to higher assessments under the $5.98 billion fiscal year 2027 budget proposed today (Feb. 17) by County Executive Bryan Hill.
“Fairfax County is stable, competitive and positioned for growth. We are stabilizing and we are also advancing,” Hill told the Fairfax County Board of Supervisors, officially kicking off the two-and-a-half month budget process.
Fairfax County bucked a regional trend downward by recording higher year-over-year home sales in January.
A total of 568 properties went to closing for the month, according to figures reported Feb. 10 by MarketStats by Showing Time. That’s up slightly — 1.4% — from the 560 transactions in January 2025.
Fairfax County needs to take a more hands-on approach to helping owners repurpose aging commercial properties, one local government leader says.
“We know where they are. We have this information. Let’s identify the top 10, 15 opportunities and let’s go to them,” Board of Supervisors Chairman Jeff McKay said at an Economic Initiatives Committee meeting on Tuesday (Feb. 10).
Northern Virginia ended 2025 with nearly 44% more people unemployed than it had started the year.
A total of 57,728 residents were counted as jobless for December, up from 40,203 a year before, according to figures reported Feb. 6 by the Bureau of Labor Statistics.
Apartment hunters in Fairfax County are getting better deals than they did a year ago, with prices significantly discounted from the market peak last summer.
Median apartment rents in five major Fairfax corridors all showed declines in January compared to a year before, according to figures reported Jan. 28 by Apartment List. But all remained above the median rate for the D.C. metropolitan area of $2,116 for the month, price-wise.
Post-pandemic commuting trends appear to be stabilizing in the D.C. region, with workers spending more days at the office, but remote work remains prevalent.
“We seem to be approaching a much more settled ‘new normal,'” Dan Sheehan, transportation operations program director for the Transportation Planning Board (TPB) said at a Jan. 21 meeting, where staff unveiled the new State of the Commute report.
The number of Fairfax County residents among the ranks of the unemployed was up 43% year-over-year, new state jobs data show.
A total of 24,051 county residents were recorded as seeking jobs in November, according to figures reported on Wednesday (Jan. 22) by the Virginia Department of Workforce Development and Advancement.
