Sun Gazette Arlington October 9, 2014

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APS reports big increase in student population – Story, Page 3

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MEMORIES OF LEADER TALMADGE WILLIAMS

O’CONNELL FALLS IN OVERTIME ACTION

‘CHIEFS’ NARROWLY EDGED OUT IN BATTLE

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Highs & Lows Letters 55+ News Community Classified Crossword Local History

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SunGazette

VOLUME 79 NO. 46

ARLINGTON’S SOURCE FOR HOMETOWN NEWS SINCE 1935

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OCTOBER 9, 2014

Local Real Estate Market Still Appears Listless

Prices Are Up, But Inventory Is High Headed Into Autumn

INSIDE This week’s Sun Gazette includes a pullout special section focused on the current state of the local, regional and national real estate markets. Enjoy!

A year ago, the local real estate market seemed on the verge of a breakthrough, with sales and prices both rising – suggesting that Northern Virginia finally had put the recession of 2008-11 in the rear-view mirror. But the watchword over the past year has been “anemic” – prices are

still up (although high-priced new construction has something to do with that) – but sales are softer than in 2013 and inventory of homes for sale is up. That’s good news for prospective purchasers, who can take their time and not be rushed, but not such good news for those wishing to sell their homes quickly for

top dollar. Where is the market headed? That’s one crystal-ball projection few can make, although the autumn and winter seasons traditionally are slower than the spring and summer ones. One major question: What happens to mortgage-interest rates? In

recent months, they have remained low, which gives purchasers more buying power and helps to keep prices up. Find the Sun Gazette’s Fall Real Estate Guide inside. It offers page after page of news and data about the local, regional, state and national real-estate scene.

PETS RECEIVE BLESSING AT ARLINGTON’S CHURCHES A number of local churches across the area held blessing-of-theanimals events over the weekend in honor of St. Francis of Assisi, known for his devotion to animals. At left, Rev. John Shellito, associate rector of St. George’s Episcopal Church, blesses Luther as family members Ben and Julia Kesely look on. The event was held Oct. 5 on the front lawn of the church, 915 North Oakland St. A slide show of photos from the event will be posted on the Sun Gazette’s Web site at www.insidenova.com/news/ arlington in the coming week. PHOTO BY DEB KOLT

www.insidenova.com l Like us on Facebook: sungazettenews l Follow us on Twitter: @sungazettenews @sungazettespts

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Sun Gazette Arlington October 9, 2014 by Northern Virginia Media Services - Issuu