Wednesday, December 29, 2010

Washington Region Posts Gains in Housing Prices

The Washington region is one of only four metropolitan areas that has posted a gain in housing prices in the country.

Home prices climbed 3.7% in Washington in October from a year earlier, making it one of the few in the nation to actually go up.

A strong job market, an increase in population, increasing rental prices, and low interest rates have contributed to this increase in demand for housing in the DC region.

If you are considering to buy a house in the near future, now may be a good time to start looking before the interest rates go up and/or housing prices continue to climb.

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