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Before the housing boom and bust, changes in local house values appeared to be a local phenomenon. Now, however, the District’s house-price changes are mirroring national patterns. Therefore, downward trends in other parts of the country may continue to negatively affect prices in the District.
It's often said that small businesses generate the most jobs in the U.S. This is true if one looks at the gross number of jobs. But because small businesses have a high failure rate, they are not the largest producer of jobs at the net level.
