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DC in a week: Aug 28-Sept 2

This week's Washington DC news relating to the real estate industry

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

Black Knight Financial Services released its June 2016 home price index data for Washington D.C., finding the metro’s home price index value at $402,000, up 0.5 percent month-over-month and 2.8 percent year-over-year.

Rented.com recently released its Best Places to Buy Rental Property in 2016, finding the best cities, vacation spots and small towns to own a short-term rental property. D.C. itself was ranked no. 99 with an ROI score of 28.5. Nearby Alexandria, Virginia, ranked just a couple spots higher at no. 97, with an ROI score of 29.5 and an estimated rental income of $43,000. In the no. 75 spot, Arlington, Virginia, got an ROI score of 43.3 and an estimated rental income of $48,600.

Home values in the 20685 ZIP code (Saint Leonard, Maryland) are expected to drop slightly through next year, according to Weiss Analytics.

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