06.06.2012 - Affordability could be an issue in the Washington areaís recovering housing market
The D.C. region has been called the leader of the nationís housing market. Indeed, even as other markets across the country begin to recover, prices in the Washington area continue to rise and have been up for 26 out of the last 30 months, according to data from RBIntel. But, as everyone knows, all real estate is local, and the recovery has been markedly different around the region. In the Washington metropolitan statistical area, or Washington MSA (which is defined as the District and 21 counties and cities in Maryland, Virginia and West Virginia), the median sales price is at 80 percent of the peak...............................................Full Article: Source
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