Washington, D.C.: Favorite for Household Growth and Demand Exceeding Supply
The nation’s capital didn’t suffer as much during the recession as other cities, but the government sequester in 2013 and early 2014 substantially slowed employment growth, enabling other markets to out-perform the town where politics are always on display.
Now that the bureaucracy is open for business and contributing to economic growth, the forecast for Washington is improving, Smoke says.
And it’s not a built on a house of cards—the District ranks third overall in projected growth of home-owning households over the next five years.
Home sales should rebound next year as well—after a 2% decline in 2014, home sales are expected to surge 10% in 2015. See the other cities on the list. Read the entire article.