What was the median home price in the DC market as of 2022:Q3? Was the median home price in the DC market as of 2022:Q3 higher or lower than the U.S. median? What is X, rounded
Attached is word document with questions. One sentence answers for each question. Attached you will also find both articles
Questions
For these questions, the DC market refers to the Washington-Arlington-Alexandria area local market
These questions are based on the DC housing market
What was the median home price in the DC market as of 2022:Q3?
Was the median home price in the DC market as of 2022:Q3 higher or lower than the U.S. median?
What is X, rounded to one decimal place (so that X percent might be 12.3% or 98.7%)? The median home price in the DC market as of 2022:Q3 was X percent higher or lower (whatever your answer is to the previous question) than the U.S. median?
In one sentence, support the assertion that homeowners in the DC market have seen greater home price appreciation than homeowners throughout the U.S. in recent years.
In one sentence, support the assertion that homeowners in the DC market have seen less home price appreciation than homeowners throughout the U.S. in recent years.
Based on the information presented in the Local Economic Outlook?? table, do you think the job market in the DC market is stronger or weaker than the job market in the United States? Choose either stronger or weaker and explain your answer in one sentence.
Excluding other services and construction, what employment industry is most disproportionately overrepresented in the DC market. In one sentence, explain why you selected the industry you did? This answer should be based on numbers.??
Are you surprised by the industry noted in the previous question? If so, why, and if not, why not? This answer should be 1 or sentences and be based on qualitative reasoning (not numbers).
Excluding other services and construction, what employment industry is most disproportionately underrepresented in the DC market. In one sentence, explain why you selected the industry you did? This answer should be based on numbers.??
Are you surprised by the industry noted in the previous question? If so, why, and if not, why not? This answer should be based on qualitative reasoning.
Is the ratio of median home price to average income in the DC market as of 2022:Q3 higher or lower than its historical average?
Does the ratio of median home price to average income in the DC market as of 2022:Q3 relative to the ratio for the entire U.S. suggest that homes prices were more or less affordable in the DC market as of 2022:Q3 than in the U.S. in general.
These questions are based on the DC office market
What were the shares of total office space (as measured in square feet of inventory) in each of the three parts of the DC metro area: Washington, DC and Northern Virginia and Suburban Maryland as of 2023:Q3? Round share to the tenth of a percent such as 12.3%, 98.7%, and 5.0%.
Which one of the 3 parts of the DC metro area – Washington, DC, or Northern Virginia or Suburban Maryland – had the largest amount of total office space as of 2023:Q3?
What is net absorption in real estate? You will probably have to look up this term for a definition and explanation. Describe in one sentence and cite your source (simply mentioning it is fine such as according to X, net absorption is ??).
In 1 or 2 sentences, provide an empirical piece of evidence (citing numbers) that supports JLLs assertion that flight-to-quality continues to drive tenant activity, as elevated concessions allow moves to newly upgraded space.?? Note that class A office space is nicer than class B, which is nicer than class C.
What is X, rounded to one decimal place)? The forecast direct asking rent in the DC market as of 2022:Q3 was X percent higher than the forecast sublease asking rent in the DC market as of 2022:Q3?
In which neighborhood (Ballpark, Columbia Pike, Tysons, Bowie, etc.), was the largest amount of office space under development as of 2023: Q3 and how many square feet were under development in that neighborhood?
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