In the News: White House Property Value Drops - Black Enterprise
Black Enterprise Magazine September/October 2018 Issue

The housing market slump has hit the Mecca of homes in America–the White House.

The 132-room mansion dropped nearly a quarter of its value, according to the real estate website The home value of the presidential pad depreciated from $331.5 million to $253.1 million.

This 23.6% dip in value comes after the Obamas upgraded 1600 Pennsylvania Avenue to include an organic vegetable garden and swing set. By next spring, the White House plans to install solar panels.

What do you think is attributing to the decline in property value? Share your thoughts with

For related content, read:

Obama Ends Year on a High, Surving Midterm Shellacking

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Janel Martinez

With a focus on news and the under 35 crowd, Martinez develops engaging, daily reports for She also pens the blog, After School Daze: Life After Undergrad, where she delves into the day-to-day issues and concerns of recent graduates trying to adapt to life off campus. Prior to Black Enterprise, the Bronx, N.Y. native contributed to Latina,,, Syracuse Record and The Post-Standard. When she's not writing articles, the self-proclaimed travelista is on the prowl for her next excursion.   Martinez holds a bachelor's degree in magazine journalism and sociology from Syracuse University.