What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
Forbes: DC Has Second Best Housing Market in U.S.
By Karpov the Wrecked Train
Our friend Matt Woolsey over at Forbes magazine has compiled the list of best and worst housing markets in the country, and DC ranks second on the list only to the Big Apple.
To come up with the rankings, Matt used the Case-Schiller index and analyzed monthly and year-to-year declines to figure out where home prices were falling fastest and where those drops were picking up momentum.
From the rankings:
“It’s not a good thing for San Diego that prices from November 2008 to December 2008 fell 2.13%, but as prices declined by 2.29% from October to November, and 2.44% from September to October, the speed with which prices are falling is slowing.”
This slowing rate of decline in places like DC, Boston and Denver meant that these markets ranked higher on the list. Here are the statistics for DC:
- Prices were last this low: April 2004
- Month-to-month drop (Nov. 2008 to Dec. 2008): -2.18%
- Year-over-year drop (Dec. 2007 to Dec. 2008): -19.24%
And here is the ranked list:
See other articles related to: dclofts
This article originally published at https://dc.urbanturf.com/articles/blog/forbes_dc_has_second_best_housing_market_in_u.s/586.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... 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