Covering Annandale, Bailey's Crossroads, Lincolnia, and Seven Corners in Fairfax County, Virginia

Strong housing market predicted for 2025

The housing market in Northern Virginia will continue to show strength in 2025, the Northern Virginia Association of Realtors reports. A forecast released Dec. 17 by NVAR conducted in conjunction with George Mason University’s Center for Regional Analysis predicts moderate price increases and higher levels of market activity. “We’ve seen Northern Virginia’s housing market improve … Continued

Seven Corners apartments have a new owner

The Jefferson, a 310-unit apartment building in Seven Corners, has changed hands, the Washington Business Journal reports. Eagle Rock Properties acquired the complex, at 6166 Leesburg Pike, on Nov. 20 from Capital Investment Advisors LLC for $65.65 million. The current assessed value for the property is $66.3 million, according to Fairfax County land records. The … Continued

FXCO reports on demographic trends

Fairfax County’s population is holding steady, while household incomes and housing costs have increased, according to the 2023 demographic report by the Department of Management and Budget. The county’s population in 2023 was 1,185,980. That’s a 1.1 percent increase from 2022, mirroring pre-pandemic growth rates. By 2050, Fairfax County’s population is expected to be 1.38 … Continued

Landmark area apartment complex sold

The Mason at Van Dorn garden apartment complex near the Landmark redevelopment site has sold for about $225 million, the Washington Business Journal reports. A partnership of Shoreham Capital and Bridge Investment Group acquired the complex from CIM Group. Mason at Van Dorn, located at 400 S. Van Dorn Street in Alexandria’s West End, has … Continued

More rental assistance available for those with serious mental illness

The Fairfax County Redevelopment and Housing Authority (FCRHA) approved a $20 million agreement with the Virginia Department of Behavioral Health and Developmental Services earlier this month to increase access to supportive, affordable rental housing options for those with serious mental illness. The additional funding is expected to help prevent homelessness among this population and reduce … Continued