Washington DC is the 6th Healthiest Housing Market in the Nation

According to BuilderOnline.com, Washington D.C. made the top ten healthiest housing markets for 2009. Washington D.C. actually ranked number 6.

Here is what was written about the Washington DC housing market:

Washington D.C. showed signs last summer that it might be emerging from the downturn, then it turned south again. Even so, the area produces a ton of jobs—an estimated 35,000 in the last year—that fuel a vibrant housing market, the 11th largest in the country. Many of the jobs stem from contracts with the federal government. Washington D.C. remains a relatively unaffordable place to live, with a median home price of $332,700 in the third quarter of last year.

One prime reason the of the ranking is that the population in Washington DC area has grown around one percent each year for the past five years.

The home building patterns have changed as well. Many families moving to the area are demanding to be inside or immediately outside the capital beltway because the traffic is one in the nation’s worst. I live inside the beltway and I can get any where I need to go — from Washington D.C.  and the Virginia and the Maryland suburbs in 20 to 30 minutes. And if I travel during off-rush house times, it may be 10 to 15 minutes.

We are even working with new home building clients that are moving down to inside the beltway from Gaithersburg, Md.,  Culpepper, Va.,  and Frederick, Md.

The BuilderOnline section is courtesy of: Hanley Wood Market Intelligence.

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