Morning Real Estate Review

Forest City officially announced pre-occupancy leasing for the Foundy Lofts - Foundry Lofts are an adaptive reuse of a historic industrial building located in The Yards, at the Capitol Riverfront, an area that includes Nationals Stadium. Foundry Lofts is comprised of 170 loft apartments including 33 two-level penthouse apartments.

Multi-family housing in DC very strong (Marcus & Millichap) The multi-family rental market is strong and growing, with high single-digit growth in rental rates, low vacancy, and minimal concessions being the norm for operators of apartment buildings, following "a shift away from the American homeownership psyche."

Average home prices now well below pre-bubble pricing (Zillow) Nationwide housing prices have dropped for 4 straight years, wiping out gains made made in 2004 and 2005. Washington D.C. prices slumped 3% over the past year, according to Zillow, contradicting the Case-Schiller index, which has the D.C. area 1.3% higher than the previous year, continuing a trend of steady growth.

Washington D.C. real estate news