Area Realtors Cautiously Predict Recovery Next Year | WAMU 88.5 - American University Radio

WAMU 88.5 : News

Filed Under:

Area Realtors Cautiously Predict Recovery Next Year

Play associated audio

Washington-area realtors say they're cautiously optimistic that the area's real estate markets will begin recovering over the next year.

They cite a solid regional economy, low interest rates and government programs to help first-time buyers.

Compared to this time last year, home sales are up across the region, and prices are way down - 20 percent lower in some areas. If sales continue to rise, then prices will stop falling, and the market can stabilize and begin growing again, realtors say.

But there is reason to temper that optimism. Foreclosures in the metro area have begun to plateau, but they haven't quite started falling yet. And the hardest hit areas - Prince William and Prince George's counties in particular - have much further to go than Montgomery County or the District. Nobody knows for sure whether a second wave of foreclosures expected to hit other areas of the country will affect this region.

NPR

Post-Ron Swanson, Nick Offerman Has The 'Gumption' To Be Himself

"I've never accused myself of being manly," Offerman says, noting his real-life persona is different from his Parks and Recreation character. His book is a set of essays about people who inspire him.
NPR

How Dangerous Is Powdered Alcohol?

Last month, the U.S. Alcohol and Tobacco Tax and Trade Bureau approved a powdered alcohol product, making both parents and lawmakers nervous. Some states have already banned powdered alcohol. NPR's Arun Rath speaks with Brent Roth of Wired, who made his own powdered concoction and put it to the test.
NPR

Senate Blocks Measures To Extend NSA Data Collection

The Senate worked late into the night but was not able to figure out what to do about expiring provisions in the Patriot Act that authorize the NSA's bulk collection of Americans' phone records.
NPR

The Future Of Cardiology Will Be Shown In 3-D

The Living Heart Project aims to create a detailed simulation of the human heart that doctors and engineers can use to test experimental treatments and interventions.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.