Tagged : demographics 
There are currently 16 blog entries matching this tag.
DC Tops Nation for Inbound Migration
Tuesday, January 10th, 2012 at 10:19am. 434 Views, 0 Comments.
In a study recently released by Atlas Van Lines, Washington, DC led the nation for inbound migration for the fourth consecutive year. Allied's study based on data from over 80,000 Interstate moves detailed that almost two times as many people moved into the District as left. These inbound migration numbers reinforce the sentiment from our team here in the trenches where we hear from people moving to DC virtually every day.
It is no surprise that so many people are looking to move here as Washington, DC has many positives as a place to live. Topping the list is one of the strongest and most robust job markets in the nation. Over the past year, DC has been recognized with several other top national rankings including:
- Top performing real estate…
DC Homes are Smallest in Nation
Thursday, November 10th, 2011 at 8:40am. 578 Views, 0 Comments.
In a recent study conducted by Realtor.com, Washington, DC ranked first in the nation for having the smallest size homes. The study calculated the median square footage of all the homes listed for sale in September, 2011.
DC homes weighed in with a median home size of 1,000 sq. ft. and a median lot size of 2,375 sq. ft. Rounding out the top five smallest median home sizes were Hawaii, Michigan, Iowa and Ohio. The DC top ranking makes sense as this study utilized state data rather than just urban cities or Metropolitan Statistical Areas (MSAs).
Many of the smaller condos in the District are located in more venerable residential neighborhoods like Foggy Bottom and Dupont Circle with larger units more readily available in neighborhoods like Logan Circle…
DC Neighborhood Vibe Scores
Thursday, October 27th, 2011 at 12:41pm. 668 Views, 0 Comments.
Georgetown and Capitol Hill have top Vibe Scores
MapQuest has developed a new methodology for ranking neighborhoods called a Vibe Score. A Vibe Score is a composite of the following six criteria: walkability, popularity, going out, edginess, burbiness and residentiality. Vibe uses a patented algorithm that utilizes billions of search and social input data points to create real-time rankings.
Georgetown garnered the top ranking DC Vibe Score with a 10, closely followed by Capitol Hill with a 9.8 and Downtown with a 9.6. These are all very popular destination neighborhoods with great walkability and a significant number of venues to attract lots of visitors. It is interesting that two of the neighborhoods that I expected to high Vibe Scores, Logan…
DC Ranked 5th Best City For Young People
Tuesday, October 4th, 2011 at 9:21am. 684 Views, 1 Comments.
AOL Real Estate has ranked DC as the fifth best city in the country for young people. DC trailed Cincinnati, Seattle, Baton Rouge and Minneapolis. This 5th place ranking is a couple of positions lower than CNN's 2nd place ranking last year.
The criteria used by AOL Real Estate in establishing these rankings includes: starting salaries for college graduates; cost of living; and percentage of residents in their 20s. DC had higher than average cost of living scores but excelled in starting salaries that are 17% higher than national averages and low unemployment rates.
District neighborhoods popular with young people where more affordable housing option are available include Columbia Heights, Shaw and the H Street Corridor.
DC is America's 2nd Healthiest City
Wednesday, September 14th, 2011 at 3:34pm. 680 Views, 0 Comments.
DC continues to rack up the high rankings for various demographics including being ranked by Forbes as America's 2nd healthiest city.
The sidewalks of the District during the morning and evening commutes offer a snapshot of just how this ranking was achieved……everyone seems to be walking to work these days. Popular DC neighborhoods like the West End, Dupont Circle and Logan Circle all offer easy walking access to the Downtown office buildings.
Congratulations to all the residents of the DC on your healthy lifestyle!
photo courtesey of flickr user Pak Gwei
DC Top City for Families
Wednesday, June 15th, 2011 at 9:39am. 601 Views, 0 Comments.
The accolades continue to pour in for DC as Parenting Magazine named the District the top city in the country to live in and raise a family. Parenting used a set of 84 categories including great schools, affordable homes, low crime rates, jobs and parklands to calculate their rankings.
This DC top ranking for families follows several other recent chart topping recognitions including:
- #1 Performing Real Estate Market
- #1 Smartest City
- #2 City For Young People
- #1 For Inbound Migration
- #2 City for Working Moms
DC ranks high for its vast array of museums and multitude of parks and bike trails. Traffic congestion and high housing prices are two of the top challenges facing our region. With long commutes and escalating suburban home prices, …
DC is Top Performing Real Estate Market
Monday, June 13th, 2011 at 3:10pm. 642 Views, 1 Comments.
DC was rated as the top performing real estate market in the nation by Clear Capitol In its June 2011 Home Data Index (HDI) Market Report. The Clear Capitol HDI report compares how local markets perform compared to national averages.
The HDI report detailed that the DC (Washington, DC - Arlington, VA - Alexandria, VA) real estate market topped the nation with a quarter-to-quarter price increase of 4.5%. The year-to-year price increase for the DC market was also tops in the nation at 4.9%.
With a strong job market and the lowest unemployment rates in the nation, the DC economy is firing on all cylinders. Residents are feeling confident about the future and looking to purchase now before prices increase even further. If you are condsidering a buying…
Logan, Dupont Deliver for Gen-Y Buyers
Thursday, May 26th, 2011 at 5:47am. 844 Views, 1 Comments.
A recent article in Realtor Magazine about the real estate preferences for Generation Y buyers detailed this demographic groupings wants and desires. This sector, who were born in the late 1970s through the early 2000s, has a strong preference for an urban living experience. Walkability is a key desire for this group as is living in the now rather than taking a long-term view of its housing needs.
DC's Logan and Dupont neighborhoods are tailor-made for Generation Y buyers. With WalkScores in the mid and high nineties, walkability rules the day in this part of DC. Life without a car is a reality for many of the residents in these two neighborhoods. Many residents are able to walk to work Downtown from their Logan or Dupont home and commute via…
DC Growth Spurred By Young Adults
Thursday, May 5th, 2011 at 6:56am. 814 Views, 1 Comments.
A recent WaPo article details the changing demographics in the District. Over the last ten years, DC has seen a five percent increase in overall population and a whopping 23% of this growth has come from young adults in the 20 to 34 age group.
DC Wards 1 and 2 are dominated by young adults with over 40% of their residents in the 20 to 34 age grouping. Wards 3 and 6 are also strong draws for young adults with over 30% of their population between the ages of 20 to 34.
Neighborhoods cited in the article contributing to the growth in DC's young adult population include Capitol Hill, the Northeast, downtown, Shaw and Logan Circle. This certainly makes sense as a significant portion of the District's new development over the last decade has been…
Five Traits of Today's Homebuyers
Thursday, October 28th, 2010 at 3:37pm. 623 Views, 0 Comments.
The article quoted below about the five traits of today's homesbuyers is very interesting and yet not neccesarily aligned with the homebuyer traits here in the District.
A survey by American Lives, a consumer research firm in California, conducted a study for the trade magazine Builder to answer that question. Here are their conclusions:
- They are young. Most are under 45. Half said they had annual household incomes of $75,000 or less. Two-thirds are married. >>>Most of our DC buyers fit the age profile highlighted in the article with the overwhelming majority in the under 45 age grouping. The incomes are higher in the District and the percentage that are married is significantly lower.
- They are frugal. They consistently told surveyors they were…
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