Values up 3.6% in Washington; Down 3.1% across U.S.

by Tony Hain on March 30, 2011

The Washington region continues to defy national real estate trends.  This week, Case Shiller released data showing January year over year price declines in 18 of the top 20 U.S. cities.  Washington was up 3.6%.

Perspective:  Last January the federal government was offering an $8,000 tax credit to purchasers—in effect boosting values.  Now that the credit has disappeared, prices have adjusted so this is not exactly unexpected news and only makes Washington’s increase all the more remarkable.

We’re big advocates for walkable, livable communities so it’s also important to note that Case Shiller includes a large geographical area in each of their top 20 cities, so while there were declines in 18 of the 20—those declines were led by the suburbs and exurbs while the walkable neighborhoods in the urban core fared better.

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