June 2, 2011 2:34PM 

# Thank You, America! 

By [David Boaz](https://www.cato.org/people/david-boaz) 

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> 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&amp;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.
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> Other surveys indicate sales in the area are approaching boom-time levels.

–[*Wall Street Journal*](http://online.wsj.com/article/SB10001424052702304563104576359673989462558.html?mod=WSJ_RealEstate_LeftTopNews)

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[Government and Politics](https://www.cato.org/government-politics) 

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