Friday, August 24, 2012

Morning Real Estate Review

Sequestration:  Government cutbacks are the thing to watch (Costar)  The coming $1.2 trillion in budget cuts could have a big impact on the DC market, though market watchers fear the big picture even more.

Existing home sales show element of vitality to recovery (WLTX) Existing home sales rose 2.3% in July, and prices were up 9.4% over this time last year, kept up by a smaller inventory, according to the National Association of Realtors.

Norton: Federal construction projects still skimping on local hiring (Washington Times) Number of residents getting local federal jobs is going up, but it remains unacceptably high.

Former ex-Tarp  boss issues "modern" financial reform (CNBC)  When it comes to official reform, the Obama administration could do what it did with GM.



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