FALLS CHURCH NEWS-PRESS | FCNP.COM
HO ME & R EA L E STATE
FEBRUARY 1 - 7, 2024 | PAGE 11
WINTER REAL ESTATE
See Pages: 12-22
PAGE 12 | FEBRUARY 1 - 7, 2024
HO ME & R EA L E STATE
FALLS CHURCH NEWS-PRESS | FCNP.COM
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FEBRUARY 1 - 7, 2024 | PAGE 13
Need compassionate, intelligent people to work with? That’s our team. Smart, with a passion for real estate and a focus on what’s best for our clients. If you're buying, selling or renting your home, give us a call. We're here to help!
PAGE 14 | FEBRUARY 1 - 7, 2024
R EA L E STATE
FALLS CHURCH NEWS-PRESS | FCNP.COM
The ‘Next Generation of Senior Living’ Comes to Tysons
by Brian Reach
Falls Church News-Press
The “next generation of senior living” will soon come to Tysons with the opening of The Mather, a “life plan community” coming to the Westpark area across from Tysons Galleria this spring. It will be the fourth community for Mather, an 84 year old not-for-profit providing luxury retirement living to seniors, as well as a research institute on aging. But what exactly is a “life plan community” — and what makes its approach “the next generation of senior living” for its residents? “Seventy percent of placed reservations or secured homes are Baby Boomers (individuals born 19461964) or Gen X (born 1965-1980) — an entirely new generation for the industry,” says Gail Morgan, senior vice president of sales with Mather, where she has worked for 20 years. “This is helping us redefine the programs, services, unique restaurants, and flexibility we provide.” The Mather essentially offers an all-inclusive luxury resort lifestyle for seniors ages “62 and better,” with modern amenities reflecting residents that are staying more active, well into their golden years, than
generations past. The community’s 27-story north building will open first on March 4, with 179 apartment homes and five floors of shared amenities. A second building, a 19-floor high-rise attached to the north building, will open later this year adding 114 additional apartment homes to the community, for a total of 293 spacious residences, which range from 850 to a whopping 3,300 square feet. Mather expects over half of homes to be occupied by couples, resulting in 400-500 senior residents at full occupancy. Amenity floors boast wellness features including a full day spa, fitness center, indoor pool, wellness center staffed by nurses, and outdoor spaces including a park, private gardening plots, and even a dog run. Entertainment features include three restaurants, a bar, an art studio, and a large multipurpose room for events. Transportation amenities include an all-day Tysons shuttle, providing residents with free rides to area banks, malls, grocery stores, and other locations six days a week; a community bus for special excursions to vineyards, shows at the Kennedy Center, and other outings. What makes Mather a “life plan” community is its all-inclusive month-
ly fee, with residents free to enjoy ondemand restaurant dining, transportation, community fitness programs and wellness team, and 24/7 concierge at no additional fee. Monthly fees also include a set amount of dollars to spend on delivery/takeout, at the bar, or for spa services — the only things that cost extra. Part of Mather’s approach includes incorporating evidencebased research findings of their aging institute, like adding a wave bed to the spa, which a study at the institute showed to have measurably improved sleep, stress, and anxiety outcomes. No corners are cut with their fitness equipment, either — their Keiser machines are the same equipment used by the Washington Commanders and Nationals, designed to maximize performance while minimizing injury. For those needing more advanced care, floors 4-5 of the north building include assisted living, memory care, and skilled nursing facilities onsite, exclusive to residents, with all or most services included in the community’s monthly fee. Luxury senior living — especially in the heart of an economic hub like Tysons — can be quite expensive, however Mather’s approach includes
THE MATHER, a massive new senior living community offering luxury retirement living, opens in Tysons this spring. (Photo: Mather) a variety of options that may be more affordable than expected. Onetime entrance fees, which Morgan says are 90 percent refundable upon move-out and vary depending on the size of the residential unit selected, start at $650,000 with monthly fees around $4,000, though for residents in the largest units entrance fees can reach as high as $4,000,000, with monthly fees closer to $10,000. Though entrance fees may be cost-prohibitive for many, they are cheaper than the cost of many luxury condos in Tysons, and provide far
more amenities (and typically more square footage) — and monthly fees are comparable to a typical mortgage in the area. For those approaching their golden years that desire an active, luxurious, maintenance-free retirement in a vibrant urban setting, The Mather in Tysons claims to offers a lifestyle that defies conventional expectations with its modern amenities and all-inclusive approach. For more information, or to start a conversation about your “life plan” for future living, visit themathertysons.com.
Enjoy no surprises. Take charge of your home renovation with our unique Client Control system. TM
Architect: William Wheeler Architects Photographer: Christy Kosnic Photography
HO ME A ND R EA L E STAT E
FALLS CHURCH NEWS-PRESS | FCNP.COM
Helping Our Clients Buy, Sell and Invest! UNDER CONTRACT
FOR SALE
Falls Church, VA 6707 Old Dominion Dr. #315 McLean, VA 22101
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Home Sales Vs. 1 Year Ago
Change in # of Homes Sold: 1Q ‘23 vs 1Q ‘24
FEBRUARY 1 - 7, 2024 | PAGE 15
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17.95% Change in Falls Church City (22046)
-9.43% Change in Bailey’s X-roads (22041)
-22.50%
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Julie Andre
12.00% Change in Pimmit Hills (22043)
703-237-0333 JAndre@unfcu.com
8251 Greensboro Dr, Ste 620 McLean, VA 22102 703-448-8320 • UNFCU NMLS ID 456916
Senior Mortgage Loan Officer NMLS ID 1010775
Information subject to change without notice. Loans subject to credit approval.
4.17% Change in Lake Barcroft (22044)
Change in Sleepy Hollow (22042)
Home Prices Vs. 1 Year Ago
Change in Average Home Price: 1Q ‘23 vs 3Q ‘24
17.50% Change in Falls Church City (22046)
22.27% Change in Bailey’s X-roads (22041)
7.62% Change in Sleepy Hollow (22042)
-3.06% Change in Pimmit Hills (22043)
-31.82% Change in Lake Barcroft (22044)
THINKING ABOUT SELLING? CALL PAM MICCICHE TODAY! Her team is ready to position your home for the market
703.371.9343
Pam@HBCGroupKW.com Licensed in VA, DC, MD Each Keller Williams office is independently owned and operated. Broker: 703.636.7300 | 6820 Elm St. | McLean, VA 22101
PAGE 16 | FEBRUARY 1 - 7, 2024
HO ME & R EA L E STATE A Falls Church News-Press Advertorial
FALLS CHURCH NEWS-PRESS | FCNP.COM
M e e t Yo u r H o m e E x p e r t s Julie Andre, Senior Mortgage Loan Officer
Alair Homes
Julie Andre is an area native and highly experienced Senior Mortgage Officer with UNFCU, lending in all 50 States. She provides valuable solutions and education for all home loan types and sizes. Julie provides individualized attention to borrowers from pre-approval through closing. First-time buyers, move-up buyers, downsizers, self-employed, investors, second homes, cash buyers seeking delayed financing, foreign nationals and more. In addition to weekdays, Julie is available evenings and weekends.
Alair Homes specializes in custom home building and renovations in the DC-Metro region. With over 20 years of local experience, our team specializes in crafting dream homes on any lot size. Our mission is to bring your vision to life while giving you control over selections and budget through our unique Client Control™ system. Whether it’s new construction, an addition, or a complete renovation, our industry expertise and transparent process ensure exceptional homes. Our 2022 NVBIA Custom Builder of the Year award is just one of many assurances that you can trust us to transform your vision into a reality.
703.237.0333 • jandre@unfcu.com
Zimmermann Homes We pride ourselves on building custom homes that are unrivaled in performance, beauty and durability. All Zimmermann Homes come standard with upgraded products and building techniques that result in an attractive, energy-efficient and low-maintenance home. Clients can custom design a home with Zimmermann’s talented architect or choose from dozens of established plans. You shop and pick your finishes with a stylish interior designer and the install is overseen by a seasoned project manager. Related documents are accessible via a shared construction-management system and the team’s Realtor can assist with lot acquisition or selling your home. The end result is a one-stop shop that often exceeds expectations.
Sales@ZimmermannHomes.com • zimmermannhomes.com
Kelly Milspaugh Thompson, Stylish Patina Real Estate Services Kelly Millspaugh Thompson is a Falls Church City native and small business owner. Kelly opened Stylish Patina, Home + Gift Boutique in Falls Church in 2013. A few years ago she expanded her service offering to include Real Estate. She now melds her love of Real Estate and Interior Design into a one of a kind full service offering for her clients. This has proven to be a unique and highly sought after combination of skills. Her extensive experience in home decor, interior design and home renovation provides a broad area of expertise that she can bring to her clients both on the buying and selling side of the equation. If you are looking for a Realtor with a designer’s eye contact Kelly for your no obligation consult!
realestate@stylishpatina.com • 703.303.3700
Perch Houses At Perch Houses we believe that living in an affordable home and experiencing shared community will lead to improved quality of life and healthier living. Until today, living in a beautiful house for less than a 1-bedroom apartment in Falls Church, VA was impossible. Now, Perch Houses has made that a reality by creating a unique co-living service for 55+ women in spacious suburban homes. Perch is a new type of co-living property management platform focused on 55+ women seeking affordable living, community and easier access to wellness services. We lease properties and, in turn, re-lease each bedroom to individual women. There are never more than 3-4 people in a house. You can get matched with our personality quiz or organize a Perch house with your friends. Check it out at www.perchhouses.com
perchhouses.com
703.791.1317 • alairarlington.com
FOXCRAFT Design Group FOXCRAFT Design Group is in their 34th year as an award-winning design/ build firm and general contractor. FOXCRAFT is among the most creative, experienced design/build firms in the region, specializing in meeting clients’ budget expectations and overcoming ever changing national and county codes, regulations and guidelines. Chandler Fox, the owner at FOXCRAFT, is also a licensed real estate agent, so his expertise in both building and real estate provides the best of both worlds for the client. Fox analyzes the property for current and future marketability and helps his clients make an intelligent decision about whether or not a renovation is the best investment for their property’s future value. “We build relationships with every client, based on their individual needs and wants, and advise them honestly, as to the best path for their family’s future”.
703.536.1888 • foxcraft.com
Pam Micciche, The HBC Group, Keller Williams Pam Micciche, a standout member of KW’s HBC Group, combines top-notch performance with genuine local expertise as a native Washingtonian and dedicated Falls Church City resident for almost 20 years. Working with Pam means having a committed full-service team by your side throughout your real estate journey, whether it’s buying, selling, or investing. Her comprehensive support includes a complimentary in-house designer for home preparation, assistance in finding and scheduling repair/improvement services, superior property marketing, expert negotiations, and detailed management of the closing process. She is licensed throughout the DMV. Outside work, you can find Pam cheering on her kid’s events alongside her husband, indulging their two very-spoiled dogs, or planning a getaway to just about anywhere.
703.371.9343 • Pam@HBCGroupKW.com
See fcnp.com for ongoing news coverage.
FALLS CHURCH NEWS-PRESS | FCNP.COM
HO ME & R EA L E STATE A Falls Church News-Press Advertorial
FEBRUARY 1 - 7, 2024 | PAGE 17
M e e t Yo u r H o m e E x p e r t s Peake Management & Realty
Tori McKinney - ROCK STAR Realty Group, KW Metro Center
A passion for real estate, this Northern Virginia native leads a team of exceptional colleagues in helping clients navigate through buying, selling, renting and managing real estate. While specializing in identifying good investment property, Lindsey works with all types of properties and is proud to have the company named the top property management company in Falls Church five years in a row. It speaks to the level of competence of the entire staff. An avid investor herself, as well as loving travel, hiking and the outdoors, Lindsey can share first-hand experience and guidance to make the transaction experience as easy and transparent as possible.
Happy New Year! Times are changing. And the Real Estate industry continues to evolve. My ROCK STAR Realty Group and I are your go-to resource to help navigate. Is this your year to sell a house? Good news – with continued low inventory, you are still in a strong position in the market. With our one-of-a-kind marketing campaign and heightened seller services, we can help you make confident decisions. Is this your year to buy a home? More good news - Mortgage rates are beginning to drop. We work with the best lenders offering the most creative financing options. Got Real Estate questions? We’ve got answers. Stop by Northside Social, Falls Church on Wednesday’s, 10:00 – 11:00 AM for our ROCK the House coffee hour. We’ll buy you a cup! Want to learn more? Call me and my team, 703-867-8674, to talk more about your next move. We’re here to help.
703.408.2153 • www.peakeinc.com Chris & Matt Earman - Weichert, Realtors - Falls Church As a Lifelong resident of Falls Church City, I’ve experienced first hand the growth and changes to the local and regional Real Estate Market. My past experiences in mortgage & finance, running local small businesses, volunteering, being involved in the local school districts, and building relationships over the past decades, gives Me a unique perspective and advantage in representing my Clients in the local Northern Virginia Real Estate Market. I am fully committed to providing you with a higher level of service that will make your real estate experience as easy and stress-free as possible. Working with my son Matthew Earman gives us more flexibility and availability for our Clients. Please call us for a “No Obligation” consultation, for all of your Real Estate needs.
Chris Earman (c) (703)628-4541 • Matt Earman (c) (703)328-4563
703.867.8674 • RockStarRealtyGroup.com
Albert Bitici, The Bitici Group, Keller Williams Metro Center Elevated interest rates and record low inventory continue to impact market conditions with some properties receiving multiple offers and selling in a matter of days, while others sit on the market despite multiple price reductions. Your choice of realtor can literally cost, or earn you thousands. Don’t leave money on the table. Several years ago, I created THE BITICI GROUP with a focus of providing the right advice to clients, backed by the highest level of customer service, and the best marketing. For a smarter, personalized approach to buying, selling and investing in real estate, contact our award winning real estate team, THE BITICI GROUP at KW Metro Center. .
571.775.0468 • 703.224.6000 • thebiticigroup.com
Kathy Pippin, Samson Properties
Floor Coverings International
Kathy Pippin grew up in Northern Virginia and received an engineering degree in Maryland. Her methodical approach and local knowledge, coupled with her negotiation skills and top-notch marketing, have well equipped her to serve her clients, whether first-time home buyers, repeat buyers, sellers, or investors. She is pragmatic and has a consultative approach when helping clients buy or sell. She has a dedicated team to produce successful outcomes. Kathy believes in giving back to the community and supporting local and national charities in the areas of children’s cancer research, survivors of abuse, and worldwide medical assistance. She also believes in educating her clients, offering free seminars for home buyers and home sellers. In this changing market, it’s more important than ever to understand the Dos and Don’ts of buying and selling! Register for Kathy’s FREE, ONLINE educational seminars at: https://www.eventbrite.com/cc/free-onlinehome-buying-and-home-selling-Seminars-2170299
Owen Sullivan, City of Falls Church resident and owner of Floor Coverings of Tyson’s Corner has been in business for 9-months and couldn’t be happier! He has hired two outstanding teams of installers, including one team lead with over 25 years of specializing in hardwood installation and refinishing. Owen’s wife, Jenn, has joined the ranks as acting Operations/ Production Manager. FCI provides free in-home consultations, mobile showrooms with hundreds of quality, manufactured direct products, and a team you can trust; all installers are fully vetted, insured, and licensed. FCI is known for its unrelenting focus on customer satisfaction. They are upfront and honest, set clear expectations, and deliver their promises. They aren’t finished until customers are 100% satisfied with the finished product. FCI Tysons Corner serves customers throughout Falls Church, North Arlington, Mclean, and Vienna. For more information or to schedule a FREE in-home consultation, visit https://nwdca.floorcoveringsinternational.com or call 703-214-9175.
703-386-7896 • KathyPippinProperties.com
Office: 703.214.9175 • Mobile: 703.863.3744 nwdca.floorcoveringsinternational.com
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R EA L E STATE
PAGE 18 | FEBRUARY 1 - 7, 2024
Beyond Four Walls: The Revolution of Accessible Dwelling Units in Urban Living
REAL ESTATE SERVICES Falls Church Expert
REAL ESTATE AGENT
SOLD $995,000
SOLD $1,081,748
Rob Carl
3020 Aspen Lane Falls Church Va 22042
117 S. Lee St. Falls Church Va 22046
SOLD $1,850,000
SOLD $1,145,000
6437 Quincy Pl. Falls Church Va 22042
2824 Woodlawn Ave Falls Church Va 22042
703.303.3700 realestate@stylishpatina.com stylishpatina stylishpatinashop www.stylishpatina.com
FALLS CHURCH NEWS-PRESS | FCNP.COM
Learn More
In the heart of bustling urban landscapes, a quiet revolution is taking place—one that transcends traditional notions of housing and champions inclusivity. The spotlight is now on accessible dwelling units, where architects, designers, and city planners are joining forces to redefine the concept of home for individuals with diverse abilities. Breaking Barriers through Design As city skylines continue to evolve, so too does the commitment to breaking down physical and societal barriers. Accessible dwelling units, designed with universal accessibility in mind, are emerging as a symbol of progress in urban development. From widened doorways to thoughtful placement of light switches and grab bars, these units prioritize functionality without compromising style. Architects are embracing innovative design principles, such as open floor plans and adjustable countertops, to create spaces that seamlessly accommodate residents with varying mobility needs. This shift in approach not only transforms the physical structure of homes but also contributes to fostering a sense of independence and community for all. Inclusive Urban Living The push for accessible dwelling units is a response to the growing recognition of the diverse needs within our communities. Beyond the physical modifications, these units are strategically integrated into urban planning, ensuring that they are situated in proximity to public transportation, healthcare facilities, and community amenities. This intentional approach to inclusive urban living aims to create vibrant, interconnected neighborhoods where residents of all abilities can participate fully in the social and economic life of the community. It is a departure from the isolation often associated with accessibility modifications, marking a shift toward a more integrated and socially inclusive urban fabric. Collaboration and Community Engagement
The realization of accessible dwelling units is not a solitary endeavor. Cities are embracing collaboration with disability advocacy groups, local communities, and individuals with lived experiences. This collaborative approach ensures that the design and implementation of these units are reflective of the diverse needs and aspirations of the residents they are meant to serve. Community engagement is at the forefront, allowing for a shared vision of urban living that is accessible, vibrant, and reflective of the rich tapestry of human experience. As residents become active participants in the planning process, the result is a more nuanced and empathetic approach to accessible dwelling units that goes beyond compliance to foster a genuine sense of belonging. Challenges and Opportunities While the movement toward accessible dwelling units represents a significant leap forward, challenges persist. Limited awareness, budget constraints, and the need for retrofitting existing structures are hurdles that cities must navigate. However, these challenges are viewed not as roadblocks but as opportunities for creative problem-solving and collaboration. Cities that have successfully implemented accessible dwelling units are reaping the benefits of enhanced diversity, improved livability, and a forward-thinking approach to urban planning. As the movement gains momentum, the hope is that it will serve as a model for cities around the world, sparking a broader conversation on the importance of inclusivity in the future of urban living. A Vision for the Future The story of accessible dwelling units is one of transformation—a narrative that unfolds within the cityscape, weaving together the aspirations of architects, the needs of communities, and the dreams of residents. As this revolution continues, the hope is that it will not only redefine urban living but also inspire a global shift toward a more inclusive, accessible, and empathetic approach to housing for everyone, regardless of ability.
FALLS CHURCH NEWS-PRESS | FCNP.COM
R EA L E STATE
FEBRUARY 1 - 7, 2024 | PAGE 19
Ebb and Flow: A Comprehensive Look at Current Interest Rates
Rob Carl
In the ever-evolving landscape of the global economy, interest rates play a pivotal role in shaping financial markets, influencing consumer behavior, and steering the course of economic growth. As we navigate through the intricate web of monetary policies and economic indicators, a closer look at current interest rates provides valuable insights into the state of the economy and potential future trends. The Federal Reserve’s Delicate Balancing Act At the forefront of interest rate discussions is the Federal Reserve, the United States’ central bank, which sets the tone for monetary policy. In recent months, the Fed has faced the formidable challenge of managing inflationary pressures while supporting economic recovery. The Fed’s primary tool for influencing interest rates is the federal funds rate – the rate at which banks lend to each other overnight. In an attempt to curb
inflation, the Federal Reserve has signaled its willingness to raise interest rates gradually. This move aims to cool down an overheated economy and prevent prices from spiraling out of control. Inflationary Pressures and the Tug of War One of the key factors driving the Fed’s decision-making is the persistent inflationary pressures witnessed in recent times. Rising costs of goods and services, coupled with supply chain disruptions, have fueled concerns about the potential long-term effects on the economy. The Federal Reserve’s dual mandate, which includes promoting maximum employment and stable prices, requires a delicate balancing act. While the central bank aims to rein in inflation, it must also avoid derailing the ongoing economic recovery and jeopardizing job creation. Impact on Borrowers and Savers For consumers, the movement in interest rates has direct implications on borrowing and saving.
As the Federal Reserve raises interest rates, the cost of borrowing – from mortgages to credit cards – is likely to inch higher. This can impact the housing market and consumer spending, which are critical components of economic health. On the flip side, higher interest rates may be a boon for savers. Those with savings accounts, certificates of deposit (CDs), and other fixed-income investments may start to see more attractive returns. However, the magnitude of these effects will depend on how quickly and aggressively the Fed chooses to adjust interest rates. Global Dynamics and Interconnected Markets In our interconnected world, the impact of interest rate changes extends beyond national borders. The global financial system is closely intertwined, and decisions made by one country’s central bank can reverberate across continents. As the United States considers adjustments to its interest rates,
central banks worldwide are carefully monitoring the situation. Exchange rates, trade flows, and capital movements are all influenced by changes in interest rate dynamics, creating a complex and intricate dance on the global economic stage. Looking Ahead: Uncertainty and Economic Indicators As we move forward, the economic landscape remains marked by uncertainty. The path of interest rates will be shaped by a myriad of factors, including the evolution of inflation, employment figures, and the overall resilience of the economy. Investors, businesses, and
households alike are advised to stay vigilant and adapt to the evolving economic environment. Monitoring key economic indicators and the Federal Reserve’s communications will be essential for making informed financial decisions in the coming months. In conclusion, the current state of interest rates reflects the delicate dance between managing inflation and supporting economic recovery. As we traverse this complex landscape, it is crucial to keep a watchful eye on the economic indicators that will guide the trajectory of interest rates and, consequently, the overall health of the economy.
Still WINTER... but the SPRING Market is Here!! T&
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Amazing Opportunity to own a Home with Stunning Views of Occoquan Bay & Potomac River from every room in the house. 3/4 Acre flat lot with over 150 feet of pristine water frontage, nestled in a friendly, quiet neighborhood, excellent for entertaining!! Spacious 4 Bedroom, 4 Bathroom home with nearly 4,000 sq ft of living space. Main Level features Open floor plan w/ Water views everywhere, 2 story Living Room w/ Fireplace, Dining Room, Gourmet Kitchen & Sitting area exiting to Huge Patio. Private covered Boat Dock with 3 separate electric lifts for Boat and two Jet Skis. Pontoon Boat, two Jet Skis, two Kayaks all Convey. *** Very close to VRE, w/ easy access to Rte 1 & I-495 *** Offered at $1,450,000
2352 N Vermont St. Arlington
Elegant Home w/ over 5,700 sq ft of living space in the heart of Fairfax. Built in 2020/21, featuring 6 Bedrooms w/ 5 full Bathrooms & 2 half Baths. Main Level features 10' Tray ceilings, Crown Molding, and Hardwood Flooring throughout. combination Formal Living Room & Dining Room, Huge Gourmet Kitchen w/ Large center Island opening to Family Room with Gas Fireplace. Plus, En Suite Bedroom w/ Full Bathroom. Offered at $1,549,000
Cozy Ranch/Rambler in Idyllic setting on large wooded lot in sought after Lee Heights neighborhood of North Arlington. 3BR/2.5BA w/ Hardwood Floors throughout. SOLD for $990,000
If you are looking to Buy, Sell, or Rent in 2024 please call Chris or Matt for a No Obligation consultation.
Chris Earman Member NVAR Residential Top Producer Club Weichert, Realtors - Chairman of the Board Club
(703) 628-4541 | Chris@EarmanRealEstate.com EQUAL HOUSING OPPORTUNITY
®
REALTOR
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10706 Warwick Ave. • Fairfax, VA
909 Bay Circle • Woodbridge, VA
CT
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204 S West St. •Falls Church City Cozy Brick Cape Cod centrally located in the Heart of Falls Church City, less than a mile to West Falls Church Metro Station. 4 Bedroom one bath home w/ Hardwood Floors. Home is offered in "As-Is" condition. Offered at $795,000
COMING SOON! Falls Church City Homes:
3BR, 3.5BA Tudor, 4BR, 2.5BA Farmhouse, 3BR, 3BA Colonial ** FALLS CHURCH CITY TEACHERS & EMPLOYEES ** Ask about our $5,000 Buyer Assistance Grant Program!!
Matt Earman
Member: NVAR Residential Top Producer Club Weichert, Realtors - Ambassadors Club
Matt@EarmanRealEstate.com | (703)328-4563
Your Local Falls Church Realtor • 703-760-8880 • Falls Church/McLean
PAGE 20 | FEBRUARY 1 - 7, 2024
R EA L E STATE
FALLS CHURCH NEWS-PRESS | FCNP.COM
Building Tomorrow: Unveiling New Home Construction In Shifting Landscape
Rob Carl
Win ner
Kitchen and Bath Specialists 110 Great Falls Street, Falls Church City www.FOXCRAFT.com 703.536.1888 info@foxcraft.com
In a world marked by constant change and evolving lifestyle preferences, the realm of new home construction stands at the forefront of innovation, adaptability, and the pursuit of modern living. As we delve into the intricate tapestry of new home builds, a closer examination reveals the trends, challenges, and aspirations that shape the landscape of residential construction. The Rise of Customization and Sustainability Gone are the days of cookie-cutter homes; today’s homebuyers seek unique, personalized spaces that reflect their lifestyles and values. The trend towards customization is transforming the new home construction industry, with builders and architects collaborating to create bespoke residences that cater to individual needs and preferences. Moreover, sustainability is no longer a mere buzzword but a driving force behind architectural decisions and construction practices. Homebuilders are increasingly integrating eco-friendly materials, energy-efficient technologies, and green design principles into their projects, aligning with the growing societal awareness of environmental responsibility. Tech-Infused Living Spaces In the age of smart homes and digital connectivity, new home builds are incorporating cutting-edge technologies to enhance the resident experience. From intelligent home automation systems to energy-efficient appliances, the integration of technology is seamlessly woven into the fabric of modern living. Builders are also embracing virtual reality (VR) and augmented reality (AR) to offer prospective buyers immersive experiences, allowing them to visualize and personalize their future homes. This tech-forward approach not only streamlines the decision-making process but also sets the stage for a new era of home design and construction. Pandemic-Influenced Design Trends The global pandemic has left an indelible mark on how we view our homes. The newfound importance of flexible living spaces, home offices, and outdoor amenities has influenced the design and layout of new con-
structions. Homebuilders are responding to these shifting priorities, creating residences that seamlessly blend functionality with comfort and versatility. Additionally, the demand for multi-generational living spaces has gained traction, reflecting a desire for interconnected yet private living arrangements. New home builds are adapting to these evolving needs, reimagining the concept of home as a multifaceted space that accommodates various facets of modern life. Supply Chain Challenges and Construction Costs While innovation and changing preferences drive the new home construction market, challenges persist on the horizon. The global supply chain disruptions and fluctuations in material costs have presented hurdles for builders. The rising costs of construction materials, from lumber to steel, have created a delicate balancing act for builders trying to deliver quality homes within budget constraints. Navigating these challenges requires a nimble approach from industry stakeholders, including builders, developers, and policymakers. As the construction sector grapples with these complexities, the resilience and adaptability of the industry are put to the test. Local Regulations and Zoning Challenges The process of bringing a new home from blueprint to reality is often influenced by local regulations and zoning ordinances. Striking a balance between growth and preservation, builders must navigate a complex web of rules that vary from one municipality to another. Community engagement and collaboration with local authorities play a crucial role in shaping the narrative of new home builds within the broader context of urban development. Conclusion: Building for the Future In the ever-evolving landscape of new home construction, the dynamics of customization, sustainability, technology integration, and pandemic-influenced design trends are reshaping the very definition of home. As the industry grapples with supply chain challenges and regulatory complexities, the commitment to delivering homes that stand the test of time remains unwavering. Through innovation, adaptability, and a keen understanding of shifting societal needs, the builders of today are crafting the living spaces of tomorrow.
FALLS CHURCH NEWS-PRESS | FCNP.COM
R EA L E STATE
FEBRUARY 1 - 7, 2024 | PAGE 21
Shifting Tides: Navigating the Realities of The Housing Market
Rob Carl
The housing market, a barometer of economic health and consumer confidence, is undergoing a transformative period marked by dynamic shifts and unprecedented challenges. As prospective buyers, sellers, and industry stakeholders navigate this intricate landscape, a closer examination of current trends and influencing factors provides insight into the multifaceted nature of the real estate market. Supply and Demand Dynamics At the heart of the current housing market dynamics lies the delicate balance between supply and demand. The scarcity of available homes for sale has been a persistent challenge, exerting upward pressure on home prices. The demand for housing, fueled by low mortgage rates and a desire for larger spaces during the era of remote work, has outpaced the rate at which new homes are being constructed. This imbalance has led to bidding wars and a competitive market where buyers find themselves
grappling with limited options. The result is a housing market that is characterized by rapid sales, but also rising concerns about affordability and inclusivity. Affordability Concerns While low-interest rates have been a driving force behind the surge in demand, they have also contributed to the rise in home prices. The confluence of low housing inventory and heightened competition has led to homes selling well above their asking prices, challenging the affordability of homeownership for many. This affordability crisis is particularly pronounced in major metropolitan areas, where the cost of living and housing expenses can be prohibitive. The struggle to reconcile the dream of homeownership with the realities of market dynamics is prompting a reevaluation of housing policies and a call for innovative solutions to address the widening gap. Remote Work and Geographic Shifts The advent of widespread remote work has prompted a seismic shift in housing preferences. Many individuals and families are
reevaluating their living arrangements, opting for homes that offer more space, access to nature, and a better quality of life. This has led to increased demand in suburban and rural areas, creating a ripple effect across the housing market. While this trend has presented opportunities for some regions, it has also exacerbated housing shortages and affordability issues in others. The challenge for policymakers and industry leaders lies in fostering sustainable growth while ensuring that housing remains accessible to a diverse range of income brackets. Mortgage Rates and Policy Impact The trajectory of mortgage rates continues to be a significant driver in shaping the housing market. The Federal Reserve’s decisions on interest rates directly influence the cost of borrowing for homebuyers. As the economy grapples with inflationary pressures, the delicate balance between fostering economic growth and preventing overheating adds an additional layer of complexity to interest rate decisions.
Government policies, including those aimed at addressing housing affordability and stimulating construction, play a crucial role in shaping the market’s direction. Legislative efforts to incentivize affordable housing development and mitigate the impact of rising costs are becoming increasingly important in the ongoing quest for a balanced and inclusive housing market. The Path Forward As we navigate the evolving landscape of the housing market, adaptability and informed decision-making become paramount.
Prospective buyers and sellers must stay attuned to market trends, leverage available resources, and carefully consider the long-term implications of their choices. In conclusion, the housing market’s current realities reflect a convergence of factors – from supply and demand imbalances to the influence of remote work on geographic preferences. As we collectively navigate these challenges, a thoughtful and multifaceted approach is essential to ensuring that the housing market remains a pillar of economic stability and opportunity for all.
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CURATED STYLE We do not believe in one-size-fits-all products. Style is personal, and we encourage our clients to select flooring that reflects their personal aesthetic.
the convenience of our mobile showroom, you'll never waste a weekend shopping in dusty warehouse stores. We bring hundreds of flooring samples to review in the privacy of their home.
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COMPETITIVE PRICING The all-inclusive price we quote is the price you $ pay every time, with no exceptions. If your client is looking for flooring for a home sale or flooring for their new dream home.We have styles at all price points.
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HO ME & R EA L E STATE
Real Estate
Top 5 F.C. Home Sales OCTOBER 1 – DECMBER 31, 2023
FALLS CHURCH NEWS-PRESS | FCNP.COM
1. 6606 Placid St. Falls Church, VA 22043 2. 6604 Gordon Ave. Falls Church, VA 22046 3. 6501 33rd St. Falls Church, VA 22043 4. 2218 Tulip Dr. Falls Church, VA 22046 5. 2128 Haycock Rd. Falls Church, VA 22043
#1 $2,892,252
#2 $2,300,000
#4 $2,200,000
#3 $2,227,355
#5 $2,185,000
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HO ME & R EA L E STATE
FALLS CHURCH NEWS-PRESS | FCNP.COM