Housing Market Braces for Cutoff of Federal Aid
(Washington Examiner) — The Washington area’s budding housing market is facing a cutoff of federal aid that threatens to put the brakes on its recent momentum.
The market has been rebounding for the last several months, with sales and prices for both new and existing homes climbing in the first quarter from a year ago, according to a report from research firm Delta Associates. Demand for housing outpaced supply for the first time since 2005, the report said.
