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According to Sunday’s New York Times, “there have been a lot of potential buyers from Chicago quietly descending on Washington this month, according to real estate brokers. Multimillion-dollar homes have been snapped up in all-cash deals. First-time buyers have toured apartments in the fashionable neighborhoods of Logan Circle and the U Street corridor. Big-money donors have gone house-hunting in the upscale blocks of Kalorama and Georgetown.”
The writer provides little actual evidence of this. But there are just enough anecdotes to piece together an article, plus one bold-faced name sharing his story: Jon Favreau, the chief speechwriter for President-elect Barack Obama, who recently purchased a home in The Chastleton, a luxury condominium building at 16th and R Streets.
Also, congrats to Terri Robinson, the first local agent quoted in the story, who has managed to stay the go-to D.C. democratic real estate guru through two administrations. Check out this Time magazine story from October 1992 about Clintonians combing through the city’s home stock. I also wrote about Robinson, who has worked with Rahm Emanuel, Nancy Pelosi, and Bill and Hillary Clinton.