I’m afraid I’ll be priced out.”If the past few months of data are any indication of what’s ahead for Northern Virginia, Singerman could be right. While the average sales price in Northern Virginia stayed steady at $565,000 in January, according to the Northern Virginia Association of Realtors, the number of homes under contract rose by 70 percent compared with January 2018, and the number of homes for sale fell by 20 percent year-over-year. [Cuomo, New York business leaders plead with Amazon to reconsider]After the Amazon announcement, the Virginia Housing Development Authority pledged an additional $15 million annually for five years for REACH Virginia (Resources Enabling Affordable Community Housing in Virginia) in Northern Virginia. That is on top of the $300 million annually that the agency provides for rental housing and $600 million per year for homeownership financing in Northern Virginia. Richardson says the area needs “to deal with affordability issues and infrastructure challenges, but overall, Amazon locating here is great for the whole area and great for the Northern Virginia marketplace.”

Source: Washington Post April 04, 2019 10:36 UTC