Sign up for our free newsletter
Free D.C. news, delivered to your inbox daily.
The Brookings Institution released a report this week examining how the top 100 American metropolitan areas have fared through the economic downturn of the last year.
Washington D.C.’s home prices have dropped 8.8 percent in the last year, placing it 77th in the rankings—-in other words, really low.
What’s interesting though is that only the last 20 spots reach double-digit percentiles. The spectrum shows Houston taking the top spot with a 4.7 percent increase in prices, and Stockton in last place with a 30.6 percent decrease in prices.
And even though the D.C.-area did so poorly comparatively in home prices, it still rose to the top of the list for overall economic performance.