Following a 2016 that saw economic and political changes, Washington Post staffer Cindy Ariosa takes a look at the housing trends Washington D.C. residents can expect to see in 2016. Among the trends that Ariosa sees are, smaller homes coming back into style and high-rise apartments and condos continuing to grow in popularity among millennials as well as baby boomers.
Another trend for 2017 is the shift in demographics being caused by such things as the lack of affordable housing:
With an ongoing lack of affordable housing, 2017 may continue to see Washington’s low-wage workers migrating out of the city in search of affordable homes...We’ll also keep an eye on the boomers this year. As their home equity increases, many in this generation are anticipated to move, sometimes to new markets.