DC in a week: July 11-15

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Need news in a flash? Here’s what’s happening in your community.

Washington D.C.’s home market is tentatively where it should be, but just barely, according to Freddie Mac’s Multi-Indicator Market Index, which measures a metro’s mortgage status, home payment-to-income and employment.

Zumper recently examined May’s median rent prices of one-bedroom homes in D.C. this summer, finding rents for both one- and two-bedroom units in D.C. have appreciated around 8 percent year-over-year.

DC_MonthlyPriceMedianMap_Summer2016-11 (1)

D.C. homeowners continued to experience lower home appraisals than they expected in June, and the gap has grown significantly on an annual basis, according to the Quicken Loans Home Price Perception Index (HPPI).

Got a lead on some news happening in your community? Send information to local@inman.com