Monday, April 13, 2009

An uptick in the housing market

A recent post of mine over on the Blog at Mises.org:










An uptick in the housing market

Jim Fedako


zillow.JPG
Zillow.com is a neat website that bills itself as "a free online real estate site where you can search for homes for sale, find home prices, see home values, view recently sold homes, and check mortgage rates." I occasionally go to Zillow to see how home prices have fallen throughout the US. While the nation in general is experiencing falling prices, Washington, DC experienced a noticeable uptick since the inauguration. What's odd is this: How is the seat of our altruistic public service generating all that wealth? Hmmm.

note: Click image to enlarge.


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