Update on 3/10/24 — The Wind Advisory has been extended until 5 p.m. on Monday.
849 PM EDT Sun Mar 10 2024
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About 1,000 Dominion customers in the Rosslyn area are in the dark tonight (Friday).
An outage, first reported around 6:30 p.m., has knocked out power to a number of large buildings and other parts of the neighborhood.
This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email protected].
Question: Does the cost of renting a home in Arlington increase at a similar rate as the cost of buying a home in Arlington?
Answer: The cost of renting and buying a detached home increases at a similar rate, but the cost of renting a condo has outpaced the cost of buying a condo.
Condo Rents Rising Faster than Condo Prices
Since 2020, the cost of renting a detached home in Arlington increased at a similar rate as the cost of buying a detached home; 26% and 28%, respectively.
However, the cost of renting a condo increased significantly faster than the cost of buying a condo; 21% and 6%, respectively.
Sale Price to Rental Rate Multiple Shifts with Interest Rates
The table below shows the average price and $/SF of buying a detached home or condo relative to the average annual rent for a detached home or condo, in Arlington. Higher multiples show that buying is becoming more expensive relative to renting.
Takeaway: Condo buyers are more rate sensitive than detached home buyers and are more likely to rent (higher rental demand = strong condo rent appreciation) than buy (weakened purchase demand = low condo value appreciation) when interest rates increase. Notice how quickly the sale price to rental rate multiple drops from 2020/2021 to 2022/2023 (rates skyrocketed spring/summer 2022). (more…)
Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar.
The following articles were published earlier today — Mar 8, 2024.
Is your summer camp calendar still open? Consider Art House 7 for your kids, a creative, well-loved space with a fabulous range of quality summer camps for ages 5-14. Your kids will love the imaginative themes and fun teachers. We’ll be making pottery, painting, drawing, printmaking, and sculpting. Among our camp themes: modern masters of art, “green” art, animals, fairytales, and folk stories. Our weekly camps are morning or afternoon, Monday-Friday.
Art House 7 is near the Lee Harrison Shopping Center in Arlington. We have a 2-story studio and free parking.
A 21-year-old Reston man is facing serious charges after a high-speed chase that ended in Arlington last night.
The chase started around 10:45 p.m. on the Beltway in Fairfax County, after Virginia State Police were alerted to a stolen vehicle entering the Commonwealth from Maryland.
The Women’s Crawl is coming to Falls Church on May 9, 2026!
Hosted by the team behind the Shrinks on Tap Podcast and presented by Expand Psychology, this one-of-a-kind event is more than a night out—it’s a movement.
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After the Alabama Supreme Court ruled that embryos created via in vitro fertilization can be classified as children, Elizabeth Carr — the first U.S. baby born this way — set out to reveal the potential consequences of this decision.
At a gathering in Ballston today (Friday) — surrounded by advocates, doctors and those who conceived or were conceived via IVF — Carr underscored the existential threat the ruling could pose.
Federal funding is on track to bring more housing for many of the county’s most vulnerable residents as well as trail improvements and new playground equipment.
The U.S. House of Representatives approved on Wednesday $5.9 million in funding for Arlington initiatives in its annual budget. A little more than half of that funding — $3.3 million — is for housing for low-income residents, domestic violence survivors and chronically unsheltered people.
Go to U.S. House passes budget with $5.9M for Arlington, focused on housing and recreation
Read more
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(Updated at 11:45 a.m.) A man accused of shattering dozens of Arlington car windows with a BB gun in 2022 is now participating in a court-appointed reform program.
The suspect, who may be responsible for damaging up to 91 parked, unoccupied vehicles, is on the county’s Behavioral Health Docket and returns to a judge in Arlington County District Court on a regular basis, a clerk informed ARLnow.
The Pentagon City mall has something new on display — and it isn’t clothing.
More than 50 pieces of art, from paintings to drawings and sculptures to mixed media, from 35 members of the Arlington Artists Alliance, are encased behind glass inside the Fashion Centre at Pentagon City.
Arlington County has unveiled an updated list of 34 particularly crash-prone intersections, including many on major roads between I-66 and Arlington Blvd.
These “hot spots” are areas that see relatively high crash rates, of which the county identified 60 in total, using data from 2018-2022. The total has dropped from 69 hot spots identified in a 2022 map.