UPDATE July 24, 2010 - The market statistics video above for JUNE 2010 was released today, Saturday, July 24, 2010.

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The Washington DC metro area is a confusing place to move to and buy a home if you are from out of town. It is nearly as confounding if you already live here.

I’m not really into text, so we’ll do video on the following pages. But let’s get a few things out of the way.

First, Washington DC as a region is one of the wealthiest places on earth. And we’re not talking about a few people living in the clouds and starving masses walking the streets looking for handouts.

There is a lot of money here, and it is very well spread around. In the city itself, and in the Virginia and Maryland suburbs, DC is affluent.

Why is that? Simple -- the US government is here. Lots of stable jobs, high paying jobs. Also, this is where money is created out of thin air!

This more than anything will make your house hunting difficult. There isn’t a good side of the tracks and a bad side. It’s all good. Really.

So, should you buy a home in DC ? Yes.

Can you feel confident buying a home in DC? Yes.

Surf on!

Andrew Norton, CRS

Associate Broker in Virginia

RE/MAX Distinctive  office phone 703-821-1840

1307 Dolley Madison Blvd

McLean, VA 22101

(Managing Broker W.P. Lunger)

MRIS broker code RMAX05

MRIS ID 3008389

Andrew Norton, CRS

Associate Broker in Maryland & Washington D.C.

RE/MAX 2000 office phone 301-881-1700

11900 Park Lawn Dr

Rockville, MD 20852

(Managing Broker George Gnall)

MRIS broker code RTR1

MRIS ID 50172

EQUAL HOUSING OPPORTUNITY

AT HOME WITH DIVERSITY (AHWD Designation)

CERTIFIED BY NATIONAL ASSOCIATION OF REALTORS