The view from DC is a
bit different.
The rebound has given a lift to the local economy and begun to ease the pressure on many struggling homeowners, who became more vulnerable to foreclosure when the equity in their property evaporated.
Single-family home prices have soared 27 percent in the District and 26 percent in the Virginia suburbs from the low point, according to a Washington Post analysis of sales records. In the Maryland suburbs, where housing prices fell later and not nearly as far, the rebound has been more modest, 3 percent since their bottom early last year.
