Friday, September 21, 2012

Morning Real Estate Fix

DC's Sinking Commercial Property Fortunes (Commercial Property Executive) With year-over-year declines, thanks to government and contractor cutbacks, Washington D.C. is slipping on investors' wish lists.

Costar launches new multi-family database Costar expands analytics on its database of 400,000 multi-family properties. publishes baseline for housing recovery (Forbes) The median time for homes on the market nationwide is 91 days, and those metropolitan areas with longer average selling times tend to lag on pricing recovery.

District weighs proposals for renovating the MLK library in downtown DC (Washington DC)  As the library board weighs costs and historic preservation options, keeping the facility as a library remains the likely outcome.

4 reasons not to get excited about a housing recovery (Progressive Policy Institute)  Modestly improving housing markets are good news, but there are a handful of reasons why the recovery may not be all that it seems.



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