Sales to Resident Foreigners and Non-Residents Each Reach New Peak in Alexandria

Sales to Resident Foreigners and Non-Residents Each Each New Peak in Alexandria

The upswing in foreign investment came from both recent immigrants and non-resident foreign buyers as each increased substantially to new highs. Sales to foreigners residing in the U.S. reached $78.1 billion (up 32 percent from 2016) and non-resident foreign sales spiked to $74.9 billion (up 72 percent from 2016). “Although non-resident foreign purchases climbed over the past year, it appears much of the activity occurred during the second half of 2016,” said Yun. “Realtors® in some markets are reporting that the effect of tighter regulations on capital outflows in China and weaker currencies in Canada and the U.K. have somewhat cooled non-resident foreign buyer interest in early 2017.”

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84 Percent of Americans See Homeownership as Good Investment, Affordability a Growing Concern in Alexandria

84 Percent of Americans See Homeownership as Good Investment, Affordability a Growing Concern in Alexandria

 According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, concerns over housing affordability show clear demographic divides especially among unmarried and non-white Americans in Alexandria. More than five out of 10 unmarried and non-white Americans view the lack of available affordable housing as a big problem, compared to only 40 percent of married and white Americans.
Will Nesbitt is the principal broker and founder of Nesbitt Realty. Will Nesbitt and his family based team can help you find a good investment within your budget. 

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John Hechinger’s version of a ribbon cutting at his new Alexandria store, in 1961

John Hechinger’s version of a ribbon cutting at his new Alexandria store in 1961.

Properties in Huntington

Southern Towers, in 1967

Southern Towers in 1967

Properties in Montebello

Carlyle House, Alexandria, Virginia 1918

Residences of Cameron Valley in 1988

Cameron Valley in 1988

Cameron Valley is located off Duke Street in Alexandria VA. The location is west of the GW Masonic Memorial and east of Landmark Center. Duke Garden is located just across Duke Street and Cameron Valley is in close proximity to Foxchase Shopping Center. Cameron Station is very close by as well.

Neighborhood photos

Properties in Cameron Station

A view of Old Town Alexandria, in 1980

View of Old Town Alexandria in 1980

This is a view looking South from Alexandria House in Old Town Alexandria. They say Old Town never changes, many things have changed in this view since 1980. Can you spot them all?

The Woodrow Wilson Bridge was destroyed and rebuilt. The water tower and structures at Ford’s Landing are long gone and in it’s place are luxury waterfront townhomes. None of the high-rises in the Carlyle area have been built and of course the Henry is nowhere to be seen.

Properties in Old Town