Long Term Appreciation Rates in Washington DC Metropolitan Region: Northern Virginia, District of Columbia, Maryland

December 10, 2009

According to http://bengelblog.com/:
Five Year Appreciation on Housing was (cutoff was Sept 30, 2008):
Virginia (VA): 50%
Maryland (MD): 57%
DC: 64%
US: 29%
And Since 1980 Appreciate on Housing was (cutoff was Sept 30, 2008):
Virginia: 353%
Maryland: 403%
DC: 522%
US: 269%
Now, is the time to buy! Why? Because there are choices and you could get an impressive property for the lowest interest rate in the past 4.5 years. Please remember that average interest rate over the past 40 years in US has been 9%. Since everything returns to the mean – NOW IS THE TIME to lock in the rate. 

fyi: In the history of US there has never been a period of 10 years that a property did not cost more at the end of it – it is always a good idea to purchase a primary residence (home).

~Kirill Gorbounov, MBA, REALTOR®, CDPE, SRES, GREEN, e-PRO.
cell: (571) 276-0986; mailto: KirillRealtor@Yahoo.com
~Elena Gorbounova, LL.M., REALTOR®, Associate BROKER, GRI, ABR, ASP.
cell: (703) 625-7888; mailto: ElenaDeibes@aol.com
http://www.YourSkylineConnection.com – BLOG/TRENDS/STATS/Research on Metro DC Region (Knowledge is Power)
RE/MAX Allegiance; 6226 Old Dominion Dr., Mclean, VA 22101
Office: 703-237-9500; E-Fax: 1866-821-0782
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MBA – Masters in Business Administration
CDPE – Certified Distressed Property Expert (short sales)
SRES – Senior Real Estate Specialist
GREEN – Green Real Estate Principles
e-PRO – Certified Internet/Tech.
ABR – Accredited Buyer Representative
ASP – Accredited Staging Professional ™
GRI – Graduate Realtor Institute
LLM – Legal Law in Masters