News

By Brian Trompeter

Following concessions by Fairfax Water to minimize impacts on neighbors, the Fairfax County Planning Commission unanimously recommended Sept. 11 that county supervisors approve the utility’s special-exception request to build a new, higher-capacity water tower in the Poplar Heights neighborhood near Falls Church.


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Home prices across the Washington region may run significantly higher than the nation as a whole. But in terms of affordability, it’s effectively a wash.

The local region scored very close to the national rate in the National Association of Home Builders’ second-quarter affordability ranking.


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For months, the prevailing theory in local real estate was that sales totals were being held back by a lack of inventory coupled with higher prices and interest rates.

While prices kept rising in August, there was more inventory and lower mortgage rates – yet the D.C. region reporded its lowest number of sales for the month in 16 years.


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