The same economic reports from May (namely, the jobs report and the Home Price Index) that have led to some concern about the direction of the U.S. economy overall, tell a very different story about Wahington DC, according to Richard Florida.
Richard Florida writes, "on all these indicators [job growth, home prices, etc.] and more, Greater Washington DC flies in the face of the national trend."
Specifically, Florida cites Metro DC as experiencing the highest level of housing appreciation on the Case-Shiller Home Price Index (4% +). Also, the DC area posted the second lowest rate of unemployment, according to the Bureau of Labor Statistics (5.4%). Finally, Florida explains "DC households boast the nation's second highest real household income, $61,449, when cost of living is taken into account."
Read the full story: A Good Week for the Nation's Capital (If Not the Nation)
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