Another week, another article saying that homes around D.C. are selling fast, and for higher than their asking prices.
The Washington Times relates the story of a Capitol Hill townhouse that was listed for $337,000 -- and sold for $760,951.
This sort of trend should be no surprise in a boomtown -- which the D.C. area is, says Bloomberg, having recently put the nation's capital and environs on its list of the country's fastest-growing metropolitan areas. D.C.'s robustness, Bloomberg notes, is largely attributable to exactly the things that made Sean Hannity irate when he, too, labeled D.C. a boomtown: the lure of federal government employment, and the defense and civilian contracting sectors.
We'll leave aside the question of if this kind of growth is wise or sustainable to ask: what sorts of swanky abodes are available to this boomtown's beneficiaries?
Or perhaps you'd rather spend your dough on an 18th century plantation designed by Thomas Jefferson?