Despite market slump, high rates dim homebuyer affordability
Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season. The nation’s worst housing slump in nearly a decade stoked hope among prospective buyers that homes could be scooped up more easily. But while prices appear to have peaked last summer, they still ended
Fewer million-dollar homes in DC area
Modestly-falling home prices have shaved off the top of the D.C. region’s housing market, with the number of homes valued at $1 million or more falling. That matches a national trend. Redfin reports that in January, 10.8% of all homes in the D.C. metro were valued at $1 million or more, down from 11
DC region apartments are among the smallest, and getting smaller
Renters sacrifice space, and renters in the D.C. region sacrifice more of it, based on research just released on average apartment sizes by market. The new RentCafe report says the average size of a rental apartment in the D.C. region is 738 square feet. That’s actually 9 square feet larger than a d
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