(Bloomberg) -- Annual home price growth in Washington D.C. at year-end 2017 was next to last among 20 major U.S. cities, according to the S&P CoreLogic Case-Shiller index released this morning. Only Chicago was ranked lower.
The D.C. region's single-family home values rose by 2.85 percent in December from a year earlier, 5.65 percent over two years and 7.13 percent over the last three years. The three-year growth rate was worst among the 20 cities followed by the the S&P CoreLogic Case-Shiller Indices. By contrast, homes in Seattle rose by almost 37 percent over the last three years.
D.C. home prices were higher in March 2005 than in Dec. 2017. After a sharp increase in prices from 2000 to early 2006, prices fell during the recession and remain 11.7 percent below the peak level reached in March 2006.
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net.
To contact the editor responsible for this story: Chris Middleton at cmiddleton2@bloomberg.net.
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