June 2, 2011 2:34PM

Thank You, America!

The Washington metropolitan area is the only major U.S. housing market where prices increased on an annual basis in the first quarter, according to a 20‐​city S&P/Case Shiller home‐​price index released Tuesday. The region was helped by relatively stable employment, fewer foreclosures and an abundant supply of house hunters.

Other surveys indicate sales in the area are approaching boom‐​time levels.

Wall Street Journal