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

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 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 Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Learn More

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.