America’s own capital is struggling to kick its housing market into high gear, staying relatively flat, according to an article in the Washington Post.
Lackluster. Lethargic. Stagnant. Pick your favorite adjective. All of them have been used to describe the recent state of the D.C. region’s housing market.
Buyers are showing no eagerness to jump into the market despite mortgage rates floating along at yearly lows for the past couple of months. Tougher mortgage standards have kept some first-time buyers out of the market. Uncertainty about the economy has other buyers leery of making large purchases. And those home buyers who refinanced at historic low rates are reluctant to move.
