D.C. Still Nation's Healthiest Real Estate Market
Standard & Poor's new Case-Shiller Report identifies Washington D.C. and Detroit Michigan as the only two U.S. cities where housing values are increasing year over year, posting "positive annual returns of +2.7% and +0.3% respectively" and cites the D.C. market as having appreciated approximately 83% over the past decade, the highest increase of U.S. cities.
From Standard & Poor's housing blog HousingViews:
"In the latest S&P/Case-Shiller release cities in Midwest were among the best, the Sunbelt continued as the weakest and Washington DC remained the standout."
The District has also shown significant improvement in existing underwater mortgage rates:
Infographic source WaPO