Wednesday, March 5, 2008

All Real Estate is LOCAL!

To all of you skeptics out there, I just happened to stumble upon an article this afternoon on that outlines every states state of the market. I found it interesting because its the first report to specifically give market data based on the individual state rather than the country as a whole.

As the article goes DC and Maryland are both in stages of Expansion while Virginia remains an at-risk state. DC's home values, on average, gained 1.9% last year while Maryland and Virginia gained 0.8%. Not bad for an economic recession. The information was based on three key factors: employment, industrial production, and adjusted retail sales.

What do the locals think about the local market?

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