real estate
City-by-city price guide: Washington, D.C.
As politicians fight to lead the country, eyes also could be on the city's housing market. As one of the first markets to enter the downturn, Washington, D.C. � also on Local Market Monitor's list of overpriced markets � should be one of the first to show signs of recovery, Porter says. The company projects that sales could hit bottom this year, with recovery as early as next year.
| | Median price end of 2007: | $400,100 | | Median price end of 2006: | $421,600 | | % change: | - 5.1% | | Projected change through Q3 2008: | - 10.8% | | Affordability rating: | 7.2 | | Foreclosures in 2007:
(1 for every 86 households) | 19,229 | | Foreclosures in 2006:
(1 for every 582 households) | 2,849 | | Change in foreclosures: | + 574.9% |
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| Current rate comparison | Price trends
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