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Why Is D.C.’s Housing Market Strong? Possibly Because D.C. Is Now Considered ‘Hip’

A lot of people have a lot of theories about why D.C.’s housing market is one of the strongest in the country.  Many point to the new constructions, developing neighborhoods, and abundance of jobs in the District, and it could be all of those things.Donna Evers of The Washington Blade, though, has a far less complicated concept: Evers thinks the D.C. market is rocking, quite simply, because D.C. is now a “hip” city.”"The Washington metro-area housing market continues to be one of the strongest in the nation, with many motivated and qualified buyers eager to purchase property and call the nation’s capital home,” Evers wrote today.  “Young professionals are a growing and key factor in this renewed interest in living the district as the city is seeing a surge in popularity as one the top cities to live in the country.”In the article entitled “D.C. a haven for the young, hip and cool”, Evers explains how the city has progressed over the past few decades to the bubbling metropolis we see today.”The average age in the District is 36 with some 10,000 people ages 25-34, having moved here between 2009 and 2011, in a trend that will only continue according to top urbanists and demographers,” She wrote.  ”So why is D.C. now so appealing to young professionals? One of the key factors is the job market and the opportunities that abound for educated young professionals with everything the city has to offer. The district’s unemployment rate is among the lowest in the country and career options are excellent in Washington, D.C. with the federal government and all the spin offs in business, science and the arts that radiate outward from government. Young people see greater potential to find employment and professional growth in the District than other areas and can relocate because they have the most flexibility to move anywhere in the country to make opportunities for themselves.”Evers also points to the culinary, culture, and nightlife scene that D.C. now possesses as reasons why the city continues to attract new residents and why the District has such a burgeoning housing market.Read the full article here…it’s not too long and definitely worth a glance.To learn more about D.C.’s housing market and how ‘hip’ the city really is, contact one of our super-hip agents at BGC.And also feast your eyes on some of these amazing homes available in D.C. right now.

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