Tuesday, January 24, 2012

Morning Real Estate Review


Existing home sales trend upward in December (Realtor) The numbers continue a 3-month trend and are 3.6% higher than December of 2010.

In tussle between Equity and Lehman Bros. to buy Archstone, Equity pulls back (Globe St.) Bankrupt Lehman has already purchased part of Archstone, but both sides are maneuvering for the remainder.

Costco dives deeper into the DC area (Washington Post) The big-box giant plans a 12-acre project in Alexandria despite Wal-Mart's stampede into the city.

U.S. housing market recovery slow, but on the way (Propertywire) Despite a sorry year for 2011, some economists see hope for 2012 despite the lack of strong indicators.

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