Photo by Edward Hoover.

According to new data from the Brookings Institution, D.C.’s home price recovery is “among the worst in the nation,” ranking 33rd on a list of the 100 biggest housing markets.

What’s that you say? You thought the D.C. housing market was doing pretty well, up, say, 4.5 percent year over year?

The main reason why this report’s findings may appear off is that it is looking at data from Freddie Mac and Fannie Mae, specifically a metric called the HPI. This figure excludes jumbo mortgages, homes without a mortgage and foreclosures. So any home priced over $417,000 in D.C. would have been excluded in this period. Or, say you had a home where a couple paid off their mortgage and moved to Florida — that’s not included in these numbers. In short, we’re talking about a significant amount of homes in this market that the HPI simply isn’t counting.