Tuesday, August 21, 2012

Morning Real Estate Review

Washington DC area attracts new retailers (Washington Post)  With the lowest shopping center vacancy rate in the area, 5.3% compared to 9.2% for the nation as a whole.

Obama's slow response to housing crisis haunts presidency (New York Times) Having taken a do-over approach with automakers and banks, Obama cautiously chose not to bail out many homeowners, leaving the economy still reeling and imperiling his shot at a second term.

Obama to push for wider refinance plan (HousingWire)  As House members advance varying bills to include refinancing options for a greater number of homeowners, the President vows to support changes to the law.

Slow housing starts offset boomtime construction (HousingWire) Housing starts have continued at less than half their normal pace for 4 years.  The bright side: this may mean an eventual uptick in housing starts.

Refinancing a vacation home not so easy (New York Times)  With such loans being intrinsically riskier, banks are more demanding of borrowers redoing their vacation home mortgage.



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