Good News for Metro DC, Says 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."