Access ID:
Pay Online Button

CD Rates

Washington D.C. real estate growing stronger

Posted on Monday, January 9, 2012 at 1:44:04 PM

The real estates market in Washington D.C. appears be thriving with a steady increase in housing prices. Featuring the strongest market in the nation, D.C.'s unique cocktail of elements has allowed for a housing price increase of 1.3 percent year after year.

Prices have already risen 0.3 percent from last month, according to Time. These figures may be due to the lack of overbuilding in the area that happened in other cities in previous years or the reduced number of foreclosures. Regardless of the reason, the D.C. area is a pioneer housing market that will hopefully lead to other area markets jumping on the bandwagon.

However, while prices are down, potential buyers may wish to consider obtaining lending money to purchase a house. Prices are currently low and consumers able to afford a down payment on a home could find a steal. Consumers can watch for the market to have an up-turn - potentially making the purchase a golden investment.

Property has long been regarded as a rewarding investment - residential lending can assist in achieving it.