I interviewed a realtor in Long & Foster company, and talked about the USA landscape in retail industry. Long & Foster is the largest real estate company in the Mid-Atlantic region. Lucy Lu, has worked in this company for years, she is a realtor in the company and is responsible for the real estate transaction. As a realtor, she has both clients that want to sell and buy houses in D.C area.
From the interview, I have known that in Lucy’s opinion, Washington D.C is a good place for real estate. Because D.C is a political center and also a cultural center in the U.S. It is also the capital of the U.S. These characteristics make D.C a very potentially place to do investment. Due to D.C is a city that has lot job opportunities in government, so there will be people from other cities transfer to D.C, and then they will need a house to settle down.
D.C area is a very potential place to invest real estate. Because Washington D.C has a lot tourist points and a lot convention centers. Also, it is a political center and a cultural center, there will be a lot students come to study here, and also will be a lot people come to work here. These lead to an increase in catering industry and tourism industry, it leads to more job demands. Again, this will lead to more houses demands.
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