Military members flood Washington, D.C. housing market

It just may be the best year ever for people selling or planning on moving to the Washington, D.C., area.

As noted by the Washington Post, the D.C. area has more than a dozen major military bases, and because members of the armed services are some of the most itinerant people in the world - moving every two to four years, according to the paper - there's no shortage of house hunters along the Atlantic coast.

"Starting in March, April and early May, there's really a strong demand for military families transferring to the area," said Greg Wilson in an interview with the paper. Wilson is a retired Navy officer who owns a local real estate office. "They start looking online in March and are generally here in April and May to visit the houses in person for a July move, especially the spouses."

Military members may have already gotten a jump on the real estate market, as a recent report from RealEstate Business Intelligence found the D.C metro area showed the largest year-over-year increase in pending home sales in more than a decade last month.