April 3, 2013
“Fairfax is pretty diverse, one end to the other. Herndon, for example, has adjusted for the coming transportation. It’s the buy of the century. Inside the Beltway is absolutely red hot. It’s contracting so quickly, with multiple bids. It’s reminiscent of 2001, 2002. A lot has a lot to do with the school systems: it’s a very desirable county and people aren’t hesitant to spend the money. Inventory, historically, is at 50 percent or less than what we’re used to at this time of year, rates are at this historic low. It’s the perfect storm for appreciation to go up very quickly. Here’s what’s happening: the rate of compression is designed to help Kentucky, Ohio Valley, Nebraska, Michigan, but it’s uber-stimulating us.”- Dane Work, Re/Max Preferred Properties, Fairfax
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