Another feather added to the cap! Alexandria was recognized as the one of the six ambassador cities of 2008. This is the greatest honor a city can achieve because the selection of the ambassador cities is based on the innovativeness and the success of the programs that are designed to increase home ownership and inexpensive housing opportunities in the town. Alexandria gets the ambassador city award for its successful program on affordable home ownership opportunities for the low and moderate income residents in partnership with The Northern Virginia Association of Realtors.

The efforts of this program have made the real estate industry boom in the Old Town Alexandria. More and more people who have been renting apartments have started acquiring Old Town Alexandria homes at an affordable cost. Alexandria is one of the cities on the west bank of the Potomac River. It has a population that is close to 130,000. As a beautiful destination Alexandria attracts a lot of visitors. It is very close to Washington D.C and the city is full of professionals who shuttle between Alexandria and Washington D.C. every day.

The headquarters of a number of associations are found in Alexandria. Federal Civil Service uses Alexandria as its center; Salvation Army and other non-profit organizations and charity associations have their head quarters here. Besides that Old Alexandria as a historic city attracts lot of tourists round the year. Nightlife is very active in Old Town Alexandria along with its other tourist attractions.

Old Town Alexandria is known for its real estate properties that have a blend of commercial and residential use. Many upcoming projects have this mixed use concept; this is one of the strategies used by the property developers to increase the value of the properties, for example condos on top Whole Foods grocery store will increase the value of the condos. There is no doubt that the real estate cost is rising rapidly in the Old Town Alexandria. With all its antique shops, restaurants, art galleries Old Town Alexandria has an interesting face of a tourist city and a residential town. Over 4000 structures of Old Town Alexandria are listed under historic buildings and of those 4000, two hundred structures are from the 18^th century. Some of the streets are still retained to give the visitors an 18^th century feel with its original cobblestones structures and brick sidewalks. Above all, the famous Gadsby Tavern where George Washington came for his drink is in Old Town Alexandria. Gadsby Tavern is 238 years old and is retained in the same spot since 1770.

All these make Old Town Alexandria an expensive place for real estate investors and for people who would like to move into this town. It has been estimated that the real estate price has gone up by over 40% over the past five years in Old Town Alexandria. Another reason for the increasing demand for Old Town Alexandria homes is due to the increasing job opportunities in Northern Virginia and people who move from various places to fill these jobs find Old Town Alexandria to be an ideal place to live.