Tuesday, September 25, 2012

Morning Real Estate Fix


NYU opens DC facility - New York University today celebrated the opening of its newest residence on Monday, a 75,000 s.f. facility at 1307 L Street, NW, that will house 120 students and interns.

New FHA rules could make low-downpayment condo sales easier (Washington Post) New regulations will make it easier for condominium associations to become FHA certified, after a large percentage of projects failed to obtain certification.

West End civic groups want Ralph Nader to shove off (Washington Post) Nader's group has been fighting for years for better libraries in DC.  Critics have long said his meddling is unhelpful at best, now community groups in the West End are calling his efforts obstructionist and counter-productive.

Level of commercial/multi-family debt on the decline (RealEstateRama)  The overall amount of debt dropped .4% in the second quarter, following a trend of declining debt.  Commercial banks continue to hold the largest share of mortgage debt.

Housing prices on the rise (CNBC)  Market reports due out today are expected to show that housing prices nationwide are trending upward, following on the heels of a larger sales volume.

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