Washington housing market growing, but sluggish

Washington housing market growing, but sluggish

Housing prices rose in the Washington area in February, but not as much as in other big cities.

Home prices in the area are up 1.4 percent from a year ago. But other major U.S. markets are significantly stronger, like Denver, up 10% and San Francisco up 9.8%. From January to February, Washington area home prices rose by 0.4 percent. Figures are from the S&P/Case-Shiller Home Price Indices.

One reason for the modest area increases may be that home prices fluctuate dramatically depending on the neighborhood. Demographic indictors, like the strength of the housing market, are important auto business candidates.

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