Thursday, July 29, 2010

D.C. area housing market relatively insulated from downturn!

From the Post (July 27th): "Home-buying activity in the second quarter was well above where it was in the comparable period a year ago, and homes sold more quickly and at higher prices, according to a study compiled by the Delta Associates consulting firm and Metropolitan Regional Information Systems, the local multiple listing service."We feel quite comfortable in saying that the bottom has passed in this region," said Sandy Paul, Delta's national research director. The local market owes its strength in part to its relatively low unemployment rates and plentiful supply of high-paying jobs, the study concluded.
Read more:
http://www.washingtonpost.com/wpdyn/content/article/2010/07/26/AR2010072605403.html