Friday, February 24, 2012

Morning Real Estate Review

9th Street to get new 54-unit condo project (Renew Shaw) CAS Riegler is seeking approval to turn the former Fight Club building into condos, further enhancing 9th Street's boom.

Realtors slam Obama foreclosure plan (Wall Street Journal) National association says Obama administration plan to rent out foreclosed homes is ill conceived.

Crane operator gets bird's eye view of DC's development (Washington Post) With views across the region, DC construction boom is easy to see.

Glenment Metro housing project ok'd by county planning board (Gazette) Board votes to approve JBG's plan for 1550 units of housing.

Million $ foreclosures: Rich increasingly walking away from mortgages (CNN Money) 36,000 homes - 2% of all foreclosures - over $1,000,000 were foreclosed on in 2011, a record high.

Rising rental rates may drive up home sales (HousingWire) Mortgage Bankers Association says rising price of apartments could improve housing market as soon as this spring.



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