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The Washington Post: Washington area housing market sees recovery
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Washington real estate has fared better in recent years than the national housing market, which has been swamped with foreclosures, falling prices and homes that are worth less than than their owners owe on them.
Now, a new report set for release this week by Delta Associates, an Alexandria-based research company, suggests that the Washington market may be back to full health.
“The news is pretty remarkable. The market is in full recovery, with prices up like they were in the early 2000s,” said Greg Leisch, the firm’s chief executive. “It makes us very different from the rest of the country.”
Delta based its findings on a broad range of data about the local housing market, including an analysis of all home sales in the Washington region through the end of June.
The numbers tell a story of revival, of normalcy returning at an impressive pace.
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