District Home Values On the Decline

I thought this was interesting. Yesterday, the Post reported that many of the residential neighborhoods in the District will see a decrease in their property assessments, with double-digit drops in seven communities. Crestwood will have a 13% decrease, second only to Michigan Park which had a 16% fall.

While the average decrease in residential property assessments for fiscal 2010 is 3.67%, the other neighborhoods that will see a double digit decrease are Petworth, Riggs Park, Eckington, Woodridge, and LeDroit Park.

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