How high can prices go in Potomac and other Washington, DC, suburbs in Maryland?
- PATCH'S HOUSE & HOME
- Ben Gross
Sunday, March 3
Median house sale prices in Washington, DC, rose 0.4 percent in December, according to data from January 2013 cited in a recent Washington Business Journal article. The data, from the Zillow website, shows a median sales price of $327,100 for DC—sixth in the nation. The top five are: Montgomery County, by comparison, would take the fifth-place position from New York City, with a median sales price of $379,500, a 4.9 percent year-over-year increase. The cheapest housing market? Detroit, MI, with a median sales price of just $82,600. The International Business Times, citing data from the Standard & Poor/Case-Shiller index, reports that housing prices rose over 7 percent last year, yet are still below the figures from 2003. The article pegs …
Data shows DC-area improving on three key metrics, but will it continue?
- Ben Gross
Monday, December 31, 2012
As the Democrats and Republicans continue to blame each other for lack of compromise on federal spending matters, it seems more likely that the U.S. will plunge over the fiscal cliff like Wile E. Coyote in the old Road Runner cartoons. Media coverage of Washington's cat and mouse (or coyote and land bird) game has overshadowed some positive movement in the economy in the metro area. The Brookings Institution, a nonprofit public policy organization, recently released its December 2012 report on economic recovery data in the top 100 U.S. metropolitan areas. Overall, Brookings data shows the country moving slowly in a positive direction, with unemployment ticking down, output edging up and home prices posting gains. The Washington, DC metro…