Tuesday, April 26, 2011

Home prices rise in D.C.

Good news if you're selling a home and bad news if you're buying one - D.C. home prices rose in February over February 2010.  The S&P/Case Shiller Home Price Index surverys 20 cities and found declining home prices in all of them except for Washington.

The Washington Business Journal reports that home prices in the D.C. region rose an average of 2.7% over February 2010.

WTOP reports that of the 19 other cities that declined, 11 of those cities experienced declines at a faster pace than they did in January.

Prices in Atlanta, Charlotte, Chicago, Las Vegas, Miami, New York, Phoenix, Portland, Ore., Seattle and Tampa are all at their lowest point since 2006 or 2007, at the height of the housing boom. The cities with the steepest declines from January were Minneapolis, San Francisco, Chicago and Miami.

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