Arts & Entertainment
SPRING HOME & GARDEN 2020: Navigating D.C.’s housing market in COVID era
Coronavirus impacting cities in different ways
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.
President Joe Biden, first lady Jill Biden and activist Jeanne White-Ginder spoke at a commemoration of World AIDS Day at the White House on Sunday, Dec. 1. Panels of the AIDS Memorial Quilt were displayed on the South Lawn for the first time in U.S. history.
(Washington Blade photos by Michael Key)
In need of a little cheer? Fortunately, there’s a fix. The DMV boasts a wealth of holiday-themed theater, music, and dance guaranteed to lift spirits and warm hearts. Here’s a sliver of what’s out there.
Arena Stage invites audiences “to step back into the holiday spirit with the joyful return of ‘Step Afrika!’s Magical Musical Holiday Step Show’ (Dec. 13-22) where the rich tradition of African-American stepping blends with the magic of the season.” DJ Nutcracker and his Arctic friends promise to amplify the festive atmosphere. Arenastage.org
Looking for a new way to experience a Christmas favorite? With the Kennedy Center’s “Elf in Concert: Film with Live Orchestra” (through Dec. 1), you can relive the endearing comedy on a giant screen as every note of John Debney’s wonderful score is played live by the National Symphony Orchestra.
Another Kennedy Center holiday treat is “Finn” (through Dec. 22). From Chris Nee, the out creator of TV’s “Doc McStuffins” and “Vampirina,” “Finn” is filled with vibrant sea creatures and catchy tunes. Hilarious and heartening, this world premiere musical chronicles the coming-of-age journey of a young shark following his dreams. Kennedy-center.org
For those in search of yuletide camaraderie and keyboards, there’s the National Cathedral Christmas Day Organ Recital (Dec. 25), a tradition featuring festive music performed (at the Cathedral) by Cathedral organist Thomas Sheehan, and organ scholar Ariana Corbin. Tickets not required. Livestream available. Nationalcathedral.org
At Baltimore Center Stage, ArtsCentric’s production of “Black Nativity” (Nov. 30-December 22) uses a fusion of blues, soul, jazz, spirituals, dance, and the powerful words of gay poet Langston Hughes, to tell the Christmas story through a wide-ranging African-American lens. Centerstage.org
For one night only, the Music Center at Strathmore in North Bethesda presents “A Swingin’ Little Christmas!” (Dec. 4), a nostalgic, Christmas kitsch cabaret featuring out TV star Jane Lynch (“Glee,” “The Marvelous Mrs. Maisel”), alongside Kate Flannery (“The Office”), Tim Davis (“Glee’s” vocal arranger), and The Tony Guerrero Quintet.
The following night, Dave Koz and Friends celebrate the 27th anniversary edition of the longest running jazz-based Christmas tour at Strathmore on Dec. 5. Koz, a longtime out musician (primarily sax), has released eight holiday albums, including his most recent, “Christmas Ballads.” Strathmore.org
Round House Theatre presents the world premiere of “A Hannukah Carol” (through Dec. 29). The family-friendly musical comedy tells the story of millennial influencer Chava Kanipshin who in pursuit of more followers, shuns family, friends, and holiday traditions. But on the first night of Hanukkah, Chava is visited by the ghost of deceased social media star Mimi Marley and other spirits who warn her to change her ways — or live to regret it. Roundhousetheatre.org.
Historic Ford’s Theatre again presents “A Christmas Carol” (through Dec. 31), a popular Washington tradition for decades. Conceived by Michael Baron, this dynamically staged take on the Dickens’ classic features Craig Wallace as the miserly Scrooge who after a night of ghostly visits, rediscovers Christmas joy. In case you haven’t seen it, do. Fords.org
At Olney Theatre, award-winning out actor Michael Russotto is stepping into the shoes of Paul Morella to star in this year’s edition of Morella’s celebrated solo adaptation of “A Christmas Carol: A Ghost Story of Christmas” (Dec. 29). Russotto portrays more than 50 characters, from the miserly Scrooge to the haunting spirits, to the entire Cratchit family, including, of course, Tiny Tim. Olneytheatre.org
The adage that music can transport you to another time with just a couple of notes proves true at the Folger Library where Folger Consort, the estimable early music ensemble-in-residence, marvelously upholds a glorious Washington holiday tradition with “A Mass for Christmas Eve: Baroque Music for the Season” (Dec. 6-15). Folger.edu
In Falls Church, Creative Cauldron presents “Madeline’s Christmas” (Dec. 6-22), a charming show based on the classic book by author and illustrator Ludwig Bemelmans. It’s Christmas Eve and taking care of 11 flu infected little girls and Miss Clavel isn’t easy, but when Madeline finds help from a magical rug merchant, all that’s miserable is brushed away, and the girls embark on an unforgettable Christmas journey. Matt Conner directs. Creativecauldron.org
The Washington Ballet’s “The Nutcracker” at the glittering, gilded Warner Theatre (through Dec. 30). Featuring Tchaikovsky’s instantly familiar music and splendid choreography by Septime Weber, this Georgetown circa 1882-set production features historical figures ranging from George Washington to King George III, along with the usual suspects like children, rats, fairies, and a mysterious godfather. Washingtonballet.org
The Gay Men’s Chorus of Washington is back with its annual holiday extravaganza “The Holiday Show” (Dec. 4, 14, and 15) at Lincoln Theatre. This year’s uplifting lineup includes eclectic songs with exciting rhythms and beautiful harmonies, and features the high-kicking, bedazzled 17th Street Dance as well as small ensembles and the GenOUT Youth Chorus! Songs include “See Amid the Winter’s Snow,” “Feliz Navidad,” “Love is Christmas,” and “Silent Night.” Gmcw.org
Capital Pride/World Pride will host Rainbow Masquerade at Hook Hall, a New Year’s Eve party featuring drag shows, silk aerial acts, private lounges and the venue’s Hot Tub Cabana. According to Brandon Bayton, Capital Pride executive producer, “Step into the Fabric of Freedom and toast World Pride 2025 in style—where every moment sparkles, every performance dazzles and every toast makes a difference. It’s going to be an amazing night!”
The party is Tuesday, Dec. 31, 10 p.m.-2 a.m. at Hook Hall, 3400 Georgia Ave., N.W. Proceeds benefit Capital Pride D.C. and tickets are available on Eventbrite.
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