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It’s been a tough few years for the housing market, not only in the Washington, D.C. metro area but all over the country. Even with unemployment numbers going down and the economy slowly rebounding, home sales have been struggling to bounce back.
Georgetown Development naturally stays on top of forecasting and trends not only in D.C. but across the county and one of our go-to studies is the Builder Healthy Markets Index created by Builder magazine. Taking a number of economic factors into consideration, Builder has recently released their Healthy Market Index and, no surprise, D.C. ranked #11 as one of the healthiest real estate markets in the county.
According to Builder, strong job growth is the big story in the nation's capital. Non-farm employment rose 1.4% last year, with most jobs in the service sector. The unemployment rate (5.7% in December) is the lowest of any major metro area in the country.
This being said, perhaps it’s time to take those custom home plans off the shelf and make it happen! From inception to budgeting to putting in those final touches, Georgetown Development will be there every step of the way in order to ensure the home you’ve always dreamed of.
To learn more about Georgetown Development or to view some of our award winning homes, please visit us at www.georgetowndevcorp.com
Happy Building!
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