How Well Has DC Recovered Since the Crash?
While the country seems to be in tentative recovery mode, with positive news about jobs and unemployment and encouraging housing indicators, a number of obvious questions remain. Which cities are recovering the fastest? How do current numbers compare to those before the crash? How does DC stack up against other major cities? A new report from The Brookings Institution provides some answers.
Brookings’ Metropolitan Policy Program just released an analysis of their MetroMonitor, a ranking that tracks the performance of economic indicators (employment rates, gross metropolitan product, housing prices, and the pace of recovery) in 100 U.S. cities.

Courtesy of The Brookings Institution
In terms of overall recovery, DC was squarely in the middle of the pack, but the city had a few highlights. Our regional unemployment level ranks 7th out of the 100 cities analyzed, at 5.5 percent, with a relatively low change in employment rate since before the crash. Housing is another strong point: we rank 15th in regards to home price increases, exhibiting a relatively high rate of change from when prices were at their lowest point.
While the numbers aren’t too dramatic, they seem to be headed in the right direction. From the report:
National economic indicators suggest that the economic recovery, though still very slow, may be picking up speed.
Along with the report, there are a few cool interactive maps comparing cities. Check them out here.
See other articles related to: recession, job growth, housing prices, brookings institution
This article originally published at http://dc.urbanturf.com/articles/blog/how_well_has_dc_recovered_since_the_crash/5348
Most Popular... This Week • Last 30 Days • Ever

DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »

A look around DC to see where home sellers are dropping their prices.... read »

Just a month after setting a new high in March, the value of a house in DC skyrockete... read »

The new five-level residential project is planned for the buildings at 1365-1375 H St... read »

The grocer has announced plans for other stores in Skyland and Columbia Heights.... read »
- First-Timer Primer: DC's Home Buyer Assistance Programs
- Where Are Home Sellers Dropping Their Prices in DC?
- $1.4 Million: The Price for a House in DC Hit a New High in April
- A 50-Unit Development is Pitched For Recognizable Buildings Along H Street
- Lidl to Open Its Third DC Location at New 700-Unit Tenleytown Development
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. Visit guides.urbanturf.com or 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