The Nation’s capitol is often put in the spotlight for the national affairs, government institutions, and historic monuments that are all located there. With so much national attention and tourism, the city is frequently overlooked for the thriving city that it is. Continued growth has made Washington D.C. one of the best places to live in the country with numerous jobs available; beautiful, safe neighborhoods; and plenty of different activities within a short distance. The D.C. housing market has grown a lot in recent years as more and more jobs are created in and around the area. Top builders have focused on the area to provide some of the most stunning and affordable homes in neighborhoods that have dramatically transformed.

The Capitol’s centralized location nestled between Maryland and Virginia make it an easy access for a number of different resources. Numerous businesses in many different industries are located in D.C. and its surrounding cities. The city has had no problem keeping and creating countless jobs for residents living in the area. Government positions are one industry that has stay level in this tough economy. With a lot of jobs in government institutions, Washington’s job market has stayed consistent as more people move to the area. Residents with stable jobs have had opportunities to purchase new homes, many for the first time. With so many different attractions available in the downtown area, neighborhoods close to the capitol have experienced significant development and growth. Read more »

The areas that surround downtown provide some of the most exciting attractions and accommodations in the nation. Naturally, famous sites like the White House, Lincoln Memorial, and Washington Monument bring people to the city every year. These sites can only be fully captured in person, bringing tourists from all over the country every day. Since the district was established, tourism has played a huge part in the economy of the area. Other famous attractions including abundant museums, memorials, and other historical sites are found throughout the area. With a very diverse mix of people, the city also offers a wide array of restaurants, shops, and events. Virtually any type of cuisine is available to residents and tourists ranging from Ethiopian to Korean BBQ. With a rich tourism sector and stable employment, Washington D.C. has had one of the most stable economies in the nation. Residents living in the area continue to buy new homes as builders continue to develop the area.

Sales Trends
Stable job industries really do help housing sales as buyers are more confident about their financial stability. Washington D.C. residents have the most reliable job industry in the country with government positions available. Residents with stable jobs have increased home buying as housing prices decrease in the area. The D.C. housing market has had great success as new home sales continue to increase at a rate much higher than the rest of the country. Hanley Wood rated the D.C. market the third healthiest in the nation with its impressive 17% sales increase in 2009. Prices have dropped to an affordable median price of $83,500; making it a great time for buyers to purchase new homes. D.C. residents have continued to buy new homes as they are available. With an impressive 13,926 new homes sold in 2008, sales should continue to increase as the market continues to improve. To take a look at the Hanley Wood’s healthiest housing markets list click here  « Close »