Headlines: Existing home sales rise and a statistical break-down of DC’s housing market
Here’s a look at what’s happening in real estate in and around the District of Columbia.
Even though sales of homes in many places around the Washington area were slower than expected last year, there were encouraging signs. -Washington Post
The National Association of Realtors says existing home sales in February rose 1.2 percent from January’s pace. Total existing home sales were up 4.7 percent from a year ago, but median selling prices last month were up 7.5 percent from February 2014. -Washington Business Journal
The five-bedroom, 4.5-bath house was once the Market Street Chapel, built in 1855 to serve Georgetown residents living west of Wisconsin Avenue, according to the listing agent, Theresa Burt. -Urban Turf
Why is the White House white? Where did presidents live before it was built? There are so many questions to ask about the familiar building… -Curbed DC
Sales of newly built homes in February beat the Street’s expectations by a bundle. Analysts had projected a 4 percent drop from January and instead saw an 8 percent jump. -CNBC