Real estate frenzy hits Northern Virginia..

Posted on August 27, 2019 10:06 pm

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The first Amazon employees have barely arrived in Northern Virginia, but the housing market close to the company’s new headquarters in Arlington County is behaving as if all 25,000 workers are moving in next week, real estate agents and analysts say. The lightning speed of sales, the shortage of homes on the market and the elevated prices for available stock are all being driven by those who already call the Washington region home, real estate agents say. Nearly all of the buyers who are being locked out are current residents as well, they say. The latest evidence that the impending…