Aside from the inertia in Congress, Washington is looking good. The Washington area housing market, that is.
An analysis by Housing Intelligence ranks the D.C. metro area as the 13th healthiest in the nation – out of 100 regions -- "outperforming national trends" in just about every key metric.
Noting that the Nation's Capital is one of only two cities in the latest S&P Case Shiller 20-city home price index to notch year-over-year price appreciation, HI points out that D.C. has "long been" a stable employment market. After all, employment here is driven by what's known locally as the ‘Three As': associations, accountants and attorneys. And, of course, Uncle Sam.
All four of those key employment categories are going gang-busters in the political capital of the world.
Meanwhile, the research division of Hanley Wood found that new home closings in August were up 10% from August of last year, new home prices were up 2%, and foreclosures were down by half.
