Still Priced Out of DC's Tonier Neighborhoods, Buyers Head East
There is no question that it is a buyer’s market out there, particularly for first-timers. The $8,000 federal tax credit was just extended through April, mortgage rates are hovering around historic lows and the FHA loan program has expanded. However, with all these indicators and incentives, can buyers afford a property in a District neighborhood that a couple of years ago would've been out of reach? UrbanTurf's Theresa Walker answers that question after the jump.