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Posted at 11:25 AM ET, 11/10/2011

D.C.’s tiny, expensive homes


(Photo by Amy Reinink FTWP - PHOTO BY AMY REININK FTWP)
Here’s a (literally) little bit of news about Washington’s housing market: It offers the smallest homes for sale in the country, according to a new report from Realtor.com.

The median size of homes for sale in the District is 1,000 square feet, while the median price is $432,500. The area housing market itself is feeling the pinch from a change in federal housing policy that now calls for lower limits on home loans. The District ranks fourth in the nation among U.S. metro areas affected by the new regulations.

Meanwhile, finding affordable rentals — a blood sport here in Washington — is increasingly difficult.

You can view the full list of pint-sized, home-selling markets here. Hawaii and Michigan join Washington in the top three. (Hat tip to Curbed DC.)

For related news, check out Washington Post Real Estate.

Update. Those crazy New Yorkers. They’re always stealing our thunder when it comes to uncomfortable housing one-upmanship.

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By  |  11:25 AM ET, 11/10/2011

 
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