Real Estate Market Could Be Nearing Rock Bottom | WAMU 88.5 - American University Radio

: News

Filed Under:

Real Estate Market Could Be Nearing Rock Bottom

Play associated audio

Some real estate analysts say July numbers for the Washington area suggest rock bottom for the local real estate market is just around the corner...and that's a good thing. The report from Metropolitan Regional Information Systems -- shows that home sales in July continued the upward trend the area has seen in recent months, and are up 12 percent compared to July of last year. Home prices across the region are still down 8 percent compared to this time last year. But John McClain, a senior fellow for the Center for Regional Analysis at George Mason University, says prices are not dropping nearly as fast as they were just a few months ago, meaning they could soon start rising. Prince George's County Maryland led the way for the area in July. It saw a 76 percent increase in number of homes sold compared to July of 2008. At the bottom is Prince William County, Virginia. Home sales there are down 25 percent.

Jonathan Wilson reports...

WAMU 88.5

Art Beat With Lauren Landau, Sept. 2

You can see a selection of Chinese films or meditate on the meaning of the word “axis” at an art exhibition.

NPR

These 5 Crops Are Still Hand-Harvested, And It's Hard Work

Saffron, vanilla, palm oil, cacao and cottonseed oil are still picked by hand in some parts of the world. Sometimes that manual labor shows up in the price of the food; sometimes it doesn't.
NPR

The Politics Of Calling In Sick

A growing grass-roots movement aims to establish paid sick leave in the U.S., enjoying some success at the city and state level. The issue is already playing big in 2014 political races.
NPR

Celebrity Photo Leak Puts Spotlight On The Cloud, And Security

The FBI and Apple are looking into how private photos of Jennifer Lawrence and other celebrities were stolen, an incident that raises new questions about storing personal data online.

Leave a Comment

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