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Please call me: 301-548-0999, or e-mail me: lisaapatterson@aol.com
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Find Out More About the DC, Montgomery County Area Economy & Job Market  A major stabilizing factor for the local Montgomery County real estate market is that the Washington DC economy is the most insulated in the country. Business in this area revolves around the largest and most consistent spending entity in the world – the U.S. Government. The United States government, and government agencies and programs, provide an enormous number of jobs locally, but just a fraction compared to all of the businesses and associations that have set up shop here to solicit our nation’s spending dollars, and seek to influence policy. Then add to that the businesses that want to take advantage of the most highly educated workforce in the country (such as the many tech companies), and then all of the businesses to support one of the nation’s wealthiest consumer populations (such as retail, construction, and healthcare)... and you’ve got quite a vibrant economy. Besides Government, according to the latest Montgomery County Park and Planning Commission report, the largest local industries, and the biggest employers for the most part are; Technology (especially biotechnology), Retail, Construction, and Healthcare. |  | | | | |
 Want the inside scoop on the local economy? It's my job to know! Ask me any question, or request my FREE relocation package. I promise to get back to you quickly...
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First Time Buyers >The Elements of Location
When you are in the market for a home, how should you evaluate the properties that appeal to you? There is an old cliché about the three most important factors of a piece of property--location, location and location.
Some neighborhoods have a certain distinction that attracts buyers, but there are other factors to take into account. A house in the best part of town may have a few points subtracted if it is located on a busy street. There are buyers who would like to be close to schools, shopping, and churches, but don't want to live across the street from these facilities. You may want an easy commute to your job, but would not consider a location close to the "on" ramp for the major route into town. A location close to a airport could be convenient if you are a commercial pilot, but could make it difficult to sell even the most wonderful house.
As you balance all of the factors, remember that a location liability which gets you a great house at a reasonable price will probably require you to pass a similar savings on to future buyers.
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| Q |
What is the most expensive piece of property ever recorded?
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| A |
In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
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