Beltway housing prices rise, rest of nation falls
July 26, 2011 - 01:32 pm
- This is worth more than everything you've ever owned. (Photo: TBD Staff)
Remember the recession? The economic collapse of 2009, caused by rapidly deflating housing prices? Since that time, housing prices have yet to stabilize — except in the D.C. area. Yay us.
If you needed more proof that the Beltway is completely insulated from the rest of the United States, ponder this: While the rest of America saw housing prices fall by 4.5 percent compared to last year, Washington-area housing prices rose 1.3 percent.
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