09/08/2009

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Loudoun County! What's Next? by Jim Stakem 9/15/2009 Loudoun County! What's Next? by Jim Stakem 9/15/2009 Without rehashing the point any further, this has been a very difficult couple of years for the Real Estate market. Our market in Loudoun County has experienced its fair share of problems. The million dollar question is what's ahead for us. Loudoun County is composed of three distinctly different markets. The first and most active is the heavily developed Rt. 7 corridor from Leesburg east. We also have the partially developed Rt. 50 corridor east of Rt. 15 and finally the rural market west of Rt. 15. This is what I expect to happen in the next twelve months. First we have to look at the factors that influence Loudoun County. We are very lucky to be so close to Wash. D.C! We can expect solid growth in the future as a result of government spending which is currently adding jobs to the local market as well as bringing more private sector jobs our way. We are already experiencing an increase in financial sector jobs arriving as a result of the increased regulation and need of financial institutions to be near the Washington regulators, the Washington Post reported on this in Sept. 13th , and this is just the beginning. We are also very lucky to have Dulles International Airport and the subway connection to Washington in the near future. We are the most attractive and promising market, in the most stable city in the country. Although we have had so many problems, as has the rest of the country, we are very lucky to be in Loudoun! In the two eastern areas we have a housing shortage! We have a market which at any other time in history would be experiencing explosive price increases. This is especially true in the Leesburg,...