Shows no end to the real estate crisis
Ev'rywhere but DC;
There the job market more than suffices.
The S&P Case-Shiller Index of existing home prices showed continuing weakness in the residential market in January. Year over year, prices fell by an average of 3.1%, in every metropolitan area except Washington DC. There, a combination of a crowded housing market and a resilient job picture for politicians, bureaucrats, military and lobbyists contributed to a 3.6% annual increase. San Diego was essentially unchanged at +0.1%, no doubt demonstrating the calming effects of warm Pacific breezes.