Home sweet home

Residents of D.C. are used to a lot, and most things don’t get a rise out of them – until now. According to CoreLogic Inc., a real estate data firm, the metro area saw a 9.1-percent increases in home prices since last year.

This put D.C. in the Top 10. Los Angeles had a 22.6-percent increase, while San Bernardino, Calif., came in close at a 22.5-percent increase. Phoenix’s home prices increase by 18.1 percent. CoreLogic reports that Nevada was the state with the highest increase at 27 percent.

Home prices are an indicator of industry growth, land value and population growth.

Washington Business Journal

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