Monday, September 12, 2011

Morning Real Estate Review


Will Push To Maintain Mortgage Caps Bear Fruit? (WSJ) New limits to be effective Oct. 1 vary by location, but will drop to $625,500 in expensive markets such as New York, Los Angeles and Washington, D.C.

Apartment developers turn their attention to Washington D.C
. (Washington Post) Builders are pouring money into building and renovating in the District, citing a favorable job market and stable housing market.

10% Of First-time Buyers Purchased Home With Cash (REALTOR.org) The percentage of first-time buyers purchasing with cash has been rising, from 5.2 percent in July 2009. The figure averaged 6.8 percent in 2009, 9.5 percent in 2010 and 11.4 percent in 2011 (through July).

No Day of Rest for Online House Hunting (WSJ) Sunday and Monday were the busiest traffic days for Trulia’s website, although visits remained steady during the work week

Georgia Avenue Walmart applies to begin tear-down - Foulger Pratt applies for raze permits at 5700 Georgia Avenue.

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