What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
Case-Shiller: News is Good (For Now)
The latest data from the Case-Shiller Home Price Index included hopeful data about both the national and local DC housing markets. The two key takeaways are:
- Home prices showed the smallest annual decline in almost three years in January. Although prices were flat in many of the metropolitan areas covered by the Case-Shiller Index, prices overall marked the lowest annual decline since January 2007.
- Home prices rose in the DC area. To buyers this is not seen as good news, but for the market in general it bodes well. Compared to December, median prices in the area rose 0.2 percent, the ninth price increase in the metro area in the last 10 months.
Don’t go breaking out the champagne just yet, though. Experts are predicting that prices and home-buying activity will likely drop off notably in the second half of the year after the tax credit expires.
Below is the latest chart for the markets measured by Case-Shiller:
See other articles related to: case-shiller, dc area market trends, dc home prices
This article originally published at https://dc.urbanturf.com/articles/blog/case_shiller_news_is_good_for_now/1928.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
A new hotel has been pitched for a development site in Mount Vernon Triangle that has... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro