Friday, December 7, 2007

Demand Up, Supply Stable

According to the U.S. Bureau of Labor Statistics, the DC area added nearly 42,000 jobs to its labor force this past October which makes this month, the 64th consecutive month of increases.

Now, with the housing market here stabilizing and the population drastically increasing, I wouldn't be too sure that home prices will continue their current path. If you watch my post from yesterday, there are specific national housing price segments that I believe will have a bit of trouble for some time. Nationally, stay under $417k and you should be ok. Fortunately, the local market has faired comparatively well despite the sub-prime mess amongst much of the nation but here those $500k+ continue to surprise me.

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