I recently came across a fantastic article in Forbes regarding the future of the Washington, D.C. area real estate

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market. With today’s current depressed home values and the commercial market experiencing a bit of a sag, this will be a major shot in the arm for our region.  I would seriously suggest that you take a minute and read through the article.  Even if you are not considering any type of real estate transaction in the foreseeable future, it behooves you to at least know what to expect in the coming months.

The following is the gist of the Forbes article as it applies to the DC Metropolitan area.  You can simply click on the link to read the full article.

Washington, D.C., traditionally takes a back seat to world cities like London, New York and Tokyo when it comes to real estate investment.

That’s likely to change.

Thanks to a proposed $1 trillion wave government spending, investors are flocking to D.C. for opportunities in the commercial and residential real estate markets. All these new programs will need offices, after all, and their employees will need places to live.

This year, Washington leapfrogged London for the first-place ranking in the world’s best cities for real estate investment. But don’t count out the world’s financial capitals just yet–even with massive financial troubles in London and New York, those cities finished second and third, respectively.
In Depth: World’s Best Places For Real Estate Buys

Why? It’s the appeal of long-term stability, and fears that emerging countries are going to take a harder hit. While the U.S. property market sputters, China is poised for its worst deflation in a decade, focused heavily on property price declines, according to Deutsche Bank.

(Forbes Article)