Bidding Wars Escalate Along With Interest Rates

If you're not house hunting in the Washington, D.C. area, be thankful.

1 minute read

April 25, 2004, 5:00 AM PDT

The Washington, D.C. real estate market has hit a new frenzy in the past month as the spring season, combined with a slight rise in interest rates and a strong job market, has kept demand high and supply low. Nearly any liveable house is attracting multiple offers and escalation clauses are sending prices soaring tens of thousands of dollars above asking. "Median prices in March rose 16 percent in Arlington and Prince George's County compared with a year earlier, 20 percent in Montgomery County and the District, and 28 percent in Loudoun County, according to MRIS data."

Thanks to Janet Boyko

Read the full story: Surreal Estate

Saturday, April 24, 2004 in The Washington Post

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

Start Learning

Advertise with us

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.