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

Coronavirus impacting cities in different ways

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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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Books

Love or fear flying you’ll devour ‘Why Fly’

New book chronicles a lifetime obsession with aircraft

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(Book cover image courtesy of Bloomsbury)

‘Why Fly’
By Caroline Paul
c. 2026, Bloomsbury
$27.99/256 pages

Tray table folded up.

Check. Your seat is in the upright position, the airflow above your head is just the way you like it, and you’re ready to go. The flight crew is making final preparations. The lights are off and the plane is backing up. All you need now is “Why Fly” by Caroline Paul, and buckle up.

When she was very young, Paul was “obsessed” with tales of adventure, devouring accounts written by men of their derring-do. The only female adventure-seeker she knew about then was Amelia Earhart; later, she learned of other adventuresome women, including aviatrix Bessie Coleman, and Paul was transfixed.

Time passed; Paul grew up to create a life of adventure all her own.

Then, the year her marriage started to fracture, she switched her obsession from general exploits to flight.

Specifically, Paul loves experimental aircraft, some of which, like her “trike,” can be made from a kit at home. Others, like Woodstock, her beloved yellow gyrocopter, are major purchases that operate under different FAA rules. All flying has rules, she says, even if it seems like it should be as freewheeling as the birds it mimics.

She loves the pre-flight checklist, which is pure anticipation as well as a series of safety measures; if only a relationship had the same ritual. Paul loves her hangar, as a place of comfort and for flight in all senses of the word. She enjoys thinking about historic tales of flying, going back before the Wright Brothers, and including a man who went aloft on a lawn chair via helium-filled weather balloons.

The mere idea that she can fly any time is like a gift to Paul.

She knows a lot of people are terrified of flying, but it’s near totally safe: generally, there’s a one in almost 14 million chance of perishing in a commercial airline disaster – although, to Paul’s embarrassment and her dismay, it’s possible that both the smallest planes and the grandest loves might crash.

If you’re a fan of flying, you know what to do here. If you fear it, pry your fingernails off the armrests, take a deep breath, and head to the shelves. “Why Fly” might help you change your mind.

It’s not just that author Caroline Paul enjoys being airborne, and she tells you. It’s not that she’s honest in her explanations of being in love and being aloft. It’s the meditative aura you’ll get as you’re reading this book that makes it so appealing, despite the sometimes technical information that may flummox you between the Zen-ness. It’s not overwhelming; it mixes well with the history Paul includes, biographies, the science, heartbreak, and exciting tales of adventure and risk, but it’s there. Readers and romantics who love the outdoors, can’t resist a good mountain, and crave activity won’t mind it, though, not at all.

If you own a plane – or want to – you’ll want this book, too. It’s a great waiting-at-the-airport tale, or a tuck-in-your-suitcase-for-later read. Find “Why Fly” and you’ll see that it’s an upright kind of book.

The Blade may receive commissions from qualifying purchases made via this post.

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Theater

Out actor Kevin Cahoon on starring role in ‘Chez Joey’

Arena production adapted from Broadway classic ‘Pal Joey’

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Kevin Cahoon and company of ‘Chez Joey’ at Arena Stage. (Photo by Matthew Murphy)

‘Chez Joey’
Through March 15
Arena Stage
1101 Sixth St., S.W.
Tickets start at $93
Arenastage.org

As Melvin Snyder in the new musical “Chez Joey,” out actor Kevin Cahoon plays a showbiz society columnist who goes by the name Mrs. Knickerbocker. He functions as a sort of liaison between café society and Chicago’s Black jazz scene circa 1940s. It’s a fun part replete with varied insights, music, and dance. 

“Chez Joey” is adapted from the Broadway classic “Pal Joey” by Richard Rodgers and Lorenz Hart. It’s inspired by John O’Hara’s stories based on the exploits of a small-time nightclub singer published in The New Yorker.

A warm and humorous man, Cahoon loves his work. At just six, he began his career as a rodeo clown in Houston. He won the Star Search teen division at 13 singing songs like “Some People” from “Gypsy.” He studied theater at New York University and soon after graduating set to work playing sidekicks and comedic roles. 

Over the years, Cahoon has played numerous queer parts in stage productions including “Hedwig and the Angry Inch,” “La Cage aux Folles,” “Rocky Horror” as well as Peanut in “Shucked,” and George the keyboardist in “The Wedding Singer,” “a sort of unicorn of its time,” says Cahoon. 

Co-directed by Tony Goldwyn and the great Savion Glover, “Chez Joey” is a terrific and fun show filled with loads of talent. Its relevant new book is by Richard Lagravenese. 

On a recent Monday off from work, Cahoon shared some thoughts on past and current happenings. 

WASHINGTON BLADE: Is there a through line from Kevin, the six-year-old rodeo clown, to who we see now at Arena Stage?

KEVIN CAHOON: Anytime I want to land a joke in a theater piece it goes back to that rodeo clown. It doesn’t matter if it’s Arena’s intimate Kreeger Theatre or the big rodeo at the huge Houston Astrodome. 

I was in the middle stadium and there was an announcer — a scene partner really. And we were doing a back and forth in hopes of getting laughs. At that young age I was trying to understand what it takes to get laughs. It’s all about timing. Every line. 

BLADE: Originally, your part in “Chez Joey” Melvin was Melba who sings “Zip,” a clever woman reporter’s song. It was sort of a star feature, where they could just pop in a star in the run of “Pal Joey.” 

CAHOON: That’s right. And in former versions it was played by Martha Plimpton and before her Elaine Stritch. For “Chez Joey,” we switched gender and storyline. 

We attempted to do “Zip” up until two days before we had an audience at Arena. Unexpectedly they cut “Zip” and replaced it with a fun number called “I Like to Recognize the Tune,” a song more connected to the story.

BLADE: Wow. You must be a quick study. 

CAHOON: Well, we’re working with a great band.

BLADE: You’ve played a lot of queer parts. Any thoughts on queer representation?

CAHOON: Oh yes, definitely. And I’ve been very lucky that I’ve had the chance to portray these characters and introduce them to the rest of the world. I feel honored.   

After originating Edna, the hyena on Broadway in “The Lion King,” I left that to do “Hedwig and the Angry Inch” as standby for John Cameron Mitchell, doing one show a week for him. 

Everyone thought I was crazy to leave the biggest musical of our time with a personal contract and getting paid more money that I’d ever made to get $400 a week at the downtown Jane Street Theatre in a dicey neighborhood. 

At the time, I really felt like I was with cool kids. I guess I was. And I never regretted it. 

BLADE: When you play new parts, do you create new backstories for the role?

CAHOON: Every single time! For Melvin, I suggested a line about chorus boys on Lakeshore Drive. 

BLADE: What’s up next for Kevin Cahoon?

CAHOON: I’m about to do the New York Theatre Workshop Gala; I’ve been doing it for nine years in a row. It’s a huge job. I’ll also be producing the “Cats: The Jellicle Ball” opening on Broadway this spring; it’s a queer-centric uptown vogue ball with gay actor André de Shields reprising his role as “Old Deuteronomy.”

BLADE: There’s a huge amount of talent onstage in “Chez Joey.” 

CAHOON: There is. I’m sharing a dressing room with Myles Frost who plays Joey. He won accolades for playing Michael Jackson on Broadway. We’ve become great friends. He’s a miracle to watch on stage. And Awa [Sal Secka], a D.C. local, is great. Every night the audience falls head over heels for her. When this show goes to New York, Awa will, no doubt, be a giant star.

BLADE: Do you think “Chez Joey” might be Broadway bound?

CAHOON: I have a good feeling it is. I’ve done shows out of town that have high hopes and pedigree, but don’t necessarily make it. “Chez Joey” is a small production, it’s funny, and audiences seem to love it.

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Photos

PHOTOS: Pride Reveal

‘Exist. Resist. Have the audacity!’ announced as 2026 theme

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Members of Cheer DC warm up the crowd at Pride Reveal on Thursday. (Washington Blade photo by Michael Key)

The Capital Pride Alliance held the annual Pride Reveal event at The Schuyler at The Hamilton Hotel on Thursday, Feb. 26. The theme for this year’s Capital Pride was announced: “Exist. Resist. Have the audacity!”

(Washington Blade photos by Michael Key)

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