WAMU 88.5 : News

Filed Under:

Numbers Show Home Prices Rising

Play associated audio
A group of row houses in Georgetown.
http://www.flickr.com/photos/jsprig/5106526900/
A group of row houses in Georgetown.

Home prices have been rising in the region since 2011, according to new statistics from the Greater Capital Area Association of Realtors. In the District, the median price is up almost 5 percent over this time last year, and in Montgomery County, it's up 8 percent.

President Bonnie Casper says this may mean the housing market is recovering.

"If interest rates continue to stay low, and we don't get much more inventory, the demand will increase and therefore prices could still go up," says Casper. "So it's the best time for a purchaser."

She also says fewer houses in the region are being put on sale, and those on the market are being sold more quickly, usually within just ten days.

Nilanjana Gupta contributed to this report.

NPR

Bill Cosby Removed From Documentary On Black Stuntmen

Bill Cosby was instrumental in opening the door for black stuntmen in Hollywood early in his career. He was to be a central figure in a new documentary about black stuntmen, but that has now changed. He will be mentioned, but his interviews have been pulled, following the latest revelations about the comedian, who admitted in court documents that he drugged women for sex.
NPR

Me-Tea-Morphosis: Tea Bags Get Second Life As Works Of Art

Artists are reinventing the humble tea bag, letting its contents and simple shape and color shine in beautiful, fragile art. Some are even farming out the tea drinking to get to the used bags.
NPR

New York's LaGuardia Airport To Get Long Overdue Redesign

NPR's Melissa Block talks to Janet R. Daly Bednarek, an aviation expert and professor at the University of Dayton, about the airport that was once thought of as a model for all U.S. airports.
NPR

University Of Lisbon Scientists Solve Pendulum Clock Mystery

Two professors at the University of Lisbon say they have discovered why the pendulums of clocks set on the same surface will eventually swing together in opposing directions.

Leave a Comment

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