Four Va. cities named as top-20 housing markets

Builder magazine named four Virginia regions as being in the country’s top 20 housing markets: Charlottesville (#6), Virginia Beach (#12), the Washington DC area (#14), and Richmond (#15).

Some tidbits on each:

C’ville: “Charlottesville isn’t a very big housing market, but it’s a pretty strong one. Home to the University of Virginia, the region has benefited from some strong household growth in recent years. It continues to attract second-home buyers from Washington, D.C.”

Va. Beach: “Virginia Beach is slated to have some of the strongest home price appreciation (4.3%) and income growth (4.7%) during the next year and a half.”

D.C.: “Washington, D.C. has been one of the best housing markets for the last two years, though most local builders will tell you the market took a small step backward this year.”

Richmond: “An unemployment rate of only 7.1% provides a partial explanation. Richmond is home to two military bases, Fort Lee and Dahlgren AFB. Three of its seven major employers are health care providers. Employment is expected to rise 1.8% next year.”

It’s been a pretty good coupla weeks for Arlington and Va. Beach — they were just named as amongAmerica’s Best Places” by Business Week.

Click here for the whole story and complete list from Builder Online.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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