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Washington Real Estate Booms not Bubbles

August 30, 2013

Five years after the housing market collapsed, sending the economy tumbling with it, here’s what recovery in the Washington area looks like: Inventory is tight, home sellers are receiving multiple offers and buyers are competing with investors and their all-cash offers for prime properties. Because of a series of government regulations aimed at addressing the easy credit/no-doc policies that led to the meltdown, analysts say, the current local market isn’t in bubble territory. The boom results largely from job growth — more people want to live close to work in the city and Metro stations — rather than an influx of unqualified borrowers. (WaPo)

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