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On December 20, the District of Columbia Housing Finance Agency issued $34 million in tax-exempt bonds and underwrote $21.2 million in federal and $4.3 million in DC Low Income Housing Tax Credit equity for the rehabilitation of Henson Ridge Apartments Phase I in Ward 8. The $70,994,373 project will involve renovating 124 townhomes, requiring temporary relocation of residents. Construction is set to begin in Spring 2025 and last approximately 28 months. The community will serve residents earning 30 to 60 percent of area median income.

In 2024, the DC region saw 49,942 homes sold, a 2% increase from 2023. The median home price reached a record high of $605,000, with 53% of homes selling in 10 days or less. The most expensive home sold for $25 million, while the least expensive was $55,000. Homes sold in the area had a 100% sales price to list price ratio, and 19% were cash transactions. The median home price in DC proper rose 5% to $655,000.

New apartments in Washington, D.C. average 745 square feet, reflecting a trend towards smaller living spaces in urban areas. A report from RentCafe ranks D.C. 8th nationally for the smallest new rentals, with a 54-square-foot decrease over the past decade. Baltimore and Arlington also saw declines, averaging 805 and 809 square feet, respectively. In contrast, the average apartment size in the U.S. increased to 908 square feet in 2024, with Seattle having the smallest at 649 square feet.