May 22, 2007

Another Reason DC Housing Remains Strong

Losing sleep because you worry that mortgage foreclosures will harm the DC housing market? Time to rollover and hit that snooze button.

There were 58 foreclosures in DC in April, compared with 25,198 in California, according to the Bargain Network. Of course, California is a much, much larger market but a high level of foreclosures is not a factor here. For one thing, we have a very stable job base and economy.

So when you read headlines warning about concerns about housing prices and their impact on the DC market: we say forgetaboutit.

1 comment:

Anonymous said...

Great blog with DC specific RE/economic revitalization. Thanks for coming back strong.