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[quote=Anonymous] [b]D.C. home prices reach record high[/b] [url]http://washingtonexaminer.com/d.c.-home-prices-reach-record-high/article/2504918#.UCr4pETgK9Y[/url] [quote] Home prices in D.C. reached a record high in July, surpassing the boom of 2005 and making it the third jurisdiction in the Washington region to hit a record this summer, new data show. Prices in the region's core -- D.C., Arlington and Alexandria -- all topped highs set by the housing boom in the 2000s. Median home sales in the District reached $457,500 in July, beating the previous high of $450,000 in November 2005. Arlington prices soared to $550,000 last month, beating the median $525,000 set six years earlier, and Alexandria surpassed its former high when prices reached $500,000 this May. Montgomery, Fairfax, Prince William and Loudoun counties are all closing in on their housing-boom peaks, with all but Prince William reaching median prices of more than $400,000 this summer. Meanwhile, Prince George's County has lagged behind in its recovery, with prices just $22,000 above its bottom.[/quote] It looks like the 600 billion dollar stimulus worked. Thank you, Team Obama! Thank you! Housing prices are a bit different out there in fly-over country...[/quote]
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