Monday, October 17, 2011

Morning Real Estate Review

Leesburg apartment community acquired for $20M (Washington Business Journal) Home Properties​ Inc. has closed on the acquisition of Somerset Park, a 108-unit apartment community.

Greystar beefs up DC presence (Washington Post) The apartment Goliath has had a relatively small presence in the DC area, until now.

Housing inventory hits 4-year low (Wall Street Journal) Existing homes are hitting the market less often, thanks in part to fewer foreclosures by banks, making for 20% fewer homes on the market than this time last year.

Young professionals contemplate the rent vs. buy debate (Washington Post) With median rents and mortgages roughly the same, potential buyers consider many factors.



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