What's the reason for D.C.'s rising housing prices?

Why are D.C.’s housing prices rising?


WAMU reports that D.C. is the only city on the Standard & Poor’s Case-Shiller Home Price Index where housing prices rose over the past year and in the first quarter.

However, UPI reports that the city has been attracting highly skilled workers from across the country.

According to UPI, D.C. is a great relocation market as employers are offering relocation benefits to recruit talent.

With that in mind, not all residents are getting the same treatment. Some city residents are not able to find work at all.

In February, D.C. registered the lowest jobless rates among all MSAs in the country, at 5.9 percent, according to the Bureau of Labor Statistics, but the unemployment rate in Ward 7 was about 20 percent in April.

(via WAMU and UPI)

No comments