Monday, October 03, 2011

Morning Real Estate Review

Real estate development on the Anacostia - one man does it on his own (Wash Post) After sitting on the land for years, Duane Deason's gamble on the waterfront property is about to pay off.

Higher mortgage rates coming on higher priced homes (Reuters) With FNMA and Freddie lowering mortgage coverage limits, higher priced jumbo loans will hit more home buyers.

Case Schiller report sees rise in 17 of 20 markets (Daily Mortgage Reports) Prices show uptick over last month once again, and are up nationwide over last year.

Buyers grow weary of short sales (MRIS) With the average closing taking 17 weeks, the sale of underwater homes is trending downward.


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