Alexandria’s disappearing $500,000 home

Until 2017, the number of homes in Alexandria assessed at $499,999 or less always topped the number assessed at $500,000 or more. Significantly even, as recently as 2015.

Those days are over as rising assessments and demand, combined with low for-sale inventory, erode the supply of moderately priced homes. The challenges are likely to grow as thousands of incoming Inc. (NASDAQ: AMZN) employees launch their home searches in the coming years.

In 2019, 51 percent of Alexandria’s 41,468…

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