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SPRING HOME & GARDEN 2020: Navigating D.C.’s housing market in COVID era

Coronavirus impacting cities in different ways

Published

6 years ago

on

real estate covid, gay news, Washington Blade
real estate covid, gay news, Washington Blade
(Photo by Carol Highsmith for the National Park Service)

The cherry blossom trees are beginning to bloom and the weather is warming up in the Washington, D.C. metropolitan area. Springtime is generally the time D.C.’s housing market hits a high. How will COVID-19, more commonly known as coronavirus, affect the market?

The two main concerns Americans have right now are health and the economy. Schools are closed and places of business have shut their doors and many may never reopen. But what does that really mean for the housing market? And although a recession would have catastrophic consequences for our economy, historically speaking the housing market isn’t closely aligned with the ebbs and flows of the stock market, not including the housing market crash of 2008, which was unlike our current predicament. The 2008 recession was led by real estate that lasted 18 months. Although we are likely in a recession right now, it is too early to see what kind of effect it will have on home prices.

D.C. market stronger than other cities

It is looking like the greater metropolitan D.C. area may get through this pandemic in better shape than many other areas of the country due to our unique local economy. Local Realtors are reporting requests for showings and listings. This is most likely due to the housing shortage D.C. is facing. D.C. has faced a shortage of housing for years. The people in this area are in need of housing and the coronavirus is not eliminating that demand. The lack of inventory is the reason D.C.-area homes are expensive and coming into spring 2020, many expected record sales prices throughout the region.

This housing shortage isn’t expected to go away anytime soon, even with our current pandemic. The nation’s capital and its contracted companies alone employ thousands of people, many essential with work-from-home capacity. Because of the federal government and internet-based companies in the D.C. area, when the stock market falls it doesn’t hit quite as hard in D.C. According to Clint Mann, Urban Pace’s president of sales and marketing, new home sales are trending to beat projections. Just last weekend, eNvy, a new condo development in the city’s Ballpark District, received more interested buyers than it has in all of 2020. This may be due to a younger population interested in purchasing a condominium and their belief they will not get sick from the virus. Regardless of our current situation, this is not a city where people are rushing to get out. In fact, it is quite the opposite. People are trying to get into the D.C. greater metropolitan area.

Should I enter the market?

We have known D.C. to be a seller’s market for quite some time. Will it continue to be? That is impossible to predict at this uncertain time, but there is a chance that it will continue. Much of this is dependent upon mortgage rates. Right now they are up, down, and then up again due to our uncertain situation. People are asking, “should I buy a house?” “Should I sell my house?” COVID-19 is terrifying, there is no question about that. However, anyone entering the housing market may find themselves with the benefit of low rates and less competition. If you have to have to sell a home, you will very likely find a willing buyer.

If you spend any time at all online or watching the news you will see news reports that will tell you America is on its way to another recession and other reports predicting everything will level off and we will survive this pandemic and economic crisis just fine.

You need to determine why you are selling or buying a home. Pay attention to national and local trends. We at Glass House have helped several buyers and sellers during this time and each situation is unique. We have our finger on the pulse of the local market and are well equipped to help you determine whether buying or selling is right for you.

Khalil Alexander El-Ghoul is principal broker with Glass House Real Estate. Reach him at [email protected] or 571-235-4821.

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PHOTOS: Cupid’s Undie Run

Annual fundraiser for NF research held at The Wharf DC

Published

13 hours ago

on

February 21, 2026

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A dance party was held at Union Stage before Cupid's Undie Run on Saturday. (Washington Blade photo by Michael Key)

Cupid’s Undie Run, an annual fundraiser for neurofibromatosis (NF) research, was held at Union Stage and at The Wharf DC on Saturday, Feb. 21.

(Washington Blade photos by Michael Key)

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Out & About

Sweat DC expands to Shaw

Community workout and social planned for March 14

Published

14 hours ago

on

February 21, 2026

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Sweat DC is officially expanding to Shaw, opening a new location at 1818 7th St., N.W., on Saturday, March 28 — and they’re kicking things off with a high-energy, community-first launch event.

To celebrate, Sweat DC is hosting Sweat Fest, a free community workout and social on Saturday, March 14, at 10 a.m. at the historic Howard Theatre. The event features a group fitness class, live DJ, local food and wellness partners, and a mission-driven partnership with the Open Goal Project, which works to expand access to youth soccer for players from marginalized communities.

For more details, visit Sweat DC’s website and reserve a spot on Eventbrite.

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Calendar

Calendar: February 20-26

LGBTQ events in the days to come

Published

2 days ago

on

February 20, 2026

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Friday, Feb. 20

Center Aging Monthly Luncheon with Yoga will be at noon at the D.C. LGBTQ+ Community Center. Email Mac at [email protected] if you require ASL interpreter assistance, have any dietary restrictions, or questions about this event.

Trans and Genderqueer Game Night will be at 7 p.m. at the D.C. Center. This will be a relaxing, laid-back evening of games and fun. All are welcome! We’ll have card and board games on hand. Feel free to bring your own games to share. For more details, visit the Center’s website. 

Go Gay DC will host “First Friday LGBTQ+ Community Social” at 7 p.m. at Hotel Zena. This is a chance to relax, make new friends, and enjoy happy hour specials at this classic retro venue. Attendance is free and more details are available on Eventbrite. 

Saturday, Feb. 21

Go Gay DC will host “LGBTQ+ Community Brunch” at 11 a.m. at Freddie’s Beach Bar & Restaurant. This fun weekly event brings the DMV area LGBTQ community, including allies, together for delicious food and conversation.  Attendance is free and more details are available on Eventbrite.

LGBTQ People of Color will be at 7 p.m. on Zoom. This peer support group is an outlet for LGBTQ People of Color to come together and talk about anything affecting them in a space that strives to be safe and judgement free. There are all sorts of activities like watching movies, poetry events, storytelling, and just hanging out with others. For more information and events, visit thedccenter.org/poc or facebook.com/centerpoc.

Sunday, Feb. 22

Queer Talk DC will host “The Black Gay Flea Market” at 1 p.m. at Doubles in Petworth. There will be more than 15 Black queer vendors from all over the DMV in one spot. The event’s organizers have reserved the large back patio for all vendors, and the speak easy for bar service, which will be serving curated cocktails made just for the event (cash bar.) DJ Fay and DJ Jam 2x will be spinning the entire event. For more details, visit Eventbrite.

Monday, Feb. 23

“Center Aging: Monday Coffee Klatch” will be at 10 a.m. on Zoom. This is a social hour for older LGBTQ adults. Guests are encouraged to bring a beverage of choice. For more information, contact Adam at [email protected].

Tuesday, Feb. 24

Coming Out Discussion Group will be at 7 p.m. on Zoom. This is a safe space to share experiences about coming out and discuss topics as it relates to doing so — by sharing struggles and victories the group allows those newly coming out and who have been out for a while to learn from others. For more details, visit the group’s Facebook. 

Genderqueer DC will be at 7 p.m. on Zoom. This is a support group for people who identify outside of the gender binary, whether you’re bigender, agender, genderfluid, or just know that you’re not 100 percent cis. For more details, visit genderqueerdc.org or Facebook. 

Wednesday, Feb. 25

Job Club will be at 6 p.m. on Zoom upon request. This is a weekly job support program to help job entrants and seekers, including the long-term unemployed, improve self-confidence, motivation, resilience and productivity for effective job searches and networking — allowing participants to move away from being merely “applicants” toward being “candidates.” For more information, email [email protected] or visit thedccenter.org/careers.

Asexual and Aromantic Group will meet at 7 p.m. on Zoom. This is a space where people who are questioning this aspect of their identity or those who identify as asexual and/or aromantic can come together, share stories and experiences, and discuss various topics. For more details, email [email protected]. 

Thursday, Feb. 26

The DC Center’s Fresh Produce Program will be held all day at the DC Center. To be more fair with who is receiving boxes, the program is moving to a lottery system. People will be informed on Wednesday at 5 p.m. if they are picked to receive a produce box. No proof of residency or income is required. For more information, email [email protected] or call 202-682-2245. 

Virtual Yoga Class will be at 7 p.m. on Zoom. This free weekly class is a combination of yoga, breathwork and meditation that allows LGBTQ community members to continue their healing journey with somatic and mindfulness practices. For more details, visit the DC Center’s website.  

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