The Midlands’ real estate market is making a slow comeback after it was devastated by the worst recession in a lifetime. Home sales have been slashed by at least 40 percent from the height of the market five years ago.
But now, headed into the spring home selling season – typically the busiest of the year – sales have stabilized and are climbing slowly as more people find jobs or feel more secure in their employment.
Interest rates are still hovering around historic lows, below 4 percent. And home prices, while seeing some gains, are still low.
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Full Story from The Washington Blade
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