Friday, May 04, 2012

Morning Real Estate Review

Commercial Real Estate Hindered by Tight Credit, Realtors Say (Bloomberg) A “major portion” of small commercial-property deals in the U.S. have fallen through because of stricter lending standards, according to a National Association of Realtors survey.

Charting the market: Average price hits $1M in Va. (Washington Times) Today’s charts compare the average prices of all the homes sold in 2011 with those sold in 2010.

Buying a home won't get much cheaper (CNN Money) Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.

Residents Rally Against Cuts to Housing Programs (The Washington Informer) A group of disgruntled citizens gathered outside the John A. Wilson Building in Northwest to lift their voices in protest against the city's policies toward affordable housing.

Mortgage giant Freddie Mac asks government for $19M; posts $1.2B loss in Q1 (Washington Post) Government-controlled mortgage giant Freddie Mac is requesting $19 million in additional federal aid after posting a loss for the first quarter of this year.

Mortgage rates fall to new record lows (USA Today) Mortgage buyer Freddie Mac said Thursday that the average interest rate on 30-year loans fell to 3.84%, lowest since long-term mortgages began in the 1950s, below the record of 3.87% in February.

Rotting Jemal Building Will Get Its Day In Court (CityPaper) The Location noted yesterday that Douglas Development had submitted raze applications for the elegant, decaying buildings now covered with a large ad wrap at 11th and K Streets NW.



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