While the nation’s housing market struggles amid a sudden downdraft that has once again battered sales, the Washington region appears relatively insulated and poised for a turnaround.
Home-buying activity in the second quarter was well above where it was in the comparable period a year ago, and homes sold more quickly and at higher prices, according to a study compiled by the Delta Associates consulting firm and Metropolitan Regional Information Systems, the local multiple listing service.
“We feel quite comfortable in saying that the bottom has passed in this region,” said Sandy Paul, Delta’s national research director. “But if the national and global economies take a turn for the worse, all bets are off.”
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