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Petworth Selected a Hot Zone by Washington Post’s Express
ExpressHotZones, originally uploaded by Prince of Petworth.
Thanks to a number of readers for sending me the link. Read the article here.
A taste:
“This Northwest D.C. neighborhood’s increasing residential and retail projects are sparking renewed interest among home-buyers. Multi-story loft and condo buildings are being built within walking distance of the Georgia Avenue-Petworth Metro station, making the area much more enticing for young professionals.”
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and so it begins…
That’ll show Al Sharpton there are consequences to campaigning on Georgia Avenue in 2000 when all the other candidates decided to skip out on our early presidential primary!
I know this will not be a popular response, but prices need to come down in PW before it becomes a “hot zone” in this market. IMHO, it is still far too transitional to support the 500-700K price range that would make it attractive to people looking to live in DC vs. MD. The tighter requirements & higher rates on jumbo loans make it even more difficult, as you either have to have a couple 100K in cash or buy a condo to avoid jumbo loans.