Wednesday, May 23, 2012

Morning Real Estate Review


April shows homes sales and prices up (MarketWatch)  With more homes sales in April than last April, and a 10% jump in the median sales price over last year, the April numbers show a surprising upswing to the housing market.  March 2012 numbers had been mixed, so the numbers don't yet constitute a trend.

Mayor Gray seeks eateries for southeast DC (Washington Times)  The District hopes for a restaurant pavilion in St. Elizabeths' east campus.

Tough financing leads developers into the arms of the government and tax-exempt bonds (Housing Finance) Developers waiting - and waiting - for FHA to approve loans, turn to low-income housing tax credits (LIHTCs), and low-income housing, to get the job done.

Why classical architecture makes little sense for DC (Washington Post) Classicists decry modernism throughout DC too quickly, but they might have a point with the proposed Eisenhower memorial.

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