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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Why are people forgetting that there is a housing shortage, [/b]especially for single family homes. Construction of new hosing has not picked up. Rent prices in some places are almost as high as mortgages. People still have kids and need more space.

Home prices will not go down. But they will not grow at the same rate as they have the past few years. We’re likely to see a steady growth over a ten year period. By that time there will be more single family housing available. Things will balance out. [/quote]

There is NOT a housing shortage.  There is a shortage of homes for sale.  There is a difference and it matters.  [/quote]

Actually there is. Because when you flood a border for 30 plus years, ESPECIALLY every year since 2016, you have tens of millions of new residents -- with papers and w/o papers -- who need housing.[/quote]

Um, what? This isn’t the Q Anon forum, friend. Turn off the FoxNews, put down the vino, [b] and read up on net population loss in the DMV.[/b] [/quote]

Double digit pop. growth in practically every DMV county and the District 2010 to 2020.[/quote]

DC lost a higher percentage of its population than any other state in the last census (which covers 10 years) and not because people moved to other locations in the DMV. There’s been a lot written about the population decline in the DMV on this board and also in the news. Google it.

https://www.npr.org/local/305/2021/12/23/1067215177/new-census-data-finds-d-c-had-nation-s-largest-percentage-drop-in-population[/quote]

You’re misunderstanding the data.  The decline was 2021 only - not 2010-2020 census data.  Was there an event that happened in 2020/2021 that made cities, including DC, less appealing?  That’s right - this was just a COVID impact.  Of course DC had the highest population hit in 2021 - it’s just a city, and cities were significantly less appealing in 2020/2021 than they were in prior years.  New York City’s population also declined significantly (Manhattan alone lost 7% of its population due to COVID!), but some of the exodus was to New York suburbs, rural areas, etc.  So New York State overall declined slightly less than DC. DC doesn’t have the same diversity and so the blow wasn’t as cushioned.

Between 2010-2020 the DC Metro Area grew faster than all of the top 10 metro areas except 3 Sun Belt metro areas:  Houston, Dallas and Atlanta.

[/quote]

Adding to this that if you look at the rental vacancy data for the last few quarters, you can pretty clearly see that most of the increase in vacancy (from loss in population) that occurred in late 2020 and early 2021 reversed itself by the end of 2021. Vacancy rates now are not far from long-term averages, implying that people moved back into the city pretty quickly. I would not be surprised if when the 2022 population estimates come out, DC is suddenly reported as the fastest growing state in the country.

https://www.census.gov/housing/hvs/data/rates.html[/quote]

It seems unlikely. DC doesn't have housing stock that is attractive to buyers, whose preferences have changed with increased work at home. People are leaving cities and moving to suburbs as a national trend, and since DC is all city, it's going to be hit harder.   It's also a northern, high COLA area so it's not an obvious choice when you're a remote worker.  [/quote]

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