Wednesday, October 24, 2012

Morning Real Estate Fix

New home construction back to 2006 levels around DC (Washington Post)  While new home construction in the urban core has been on the rise for the past few years, single- and multi-family home construction is now on the rise in the suburbs, putting the whole area back to development not seen since before the crash.

Wheaton Costco opening delayed til March or April (Gazette) The store was originally scheduled to open this month, but construction issues have pushed it back half a year.

The Great Recession: U.S. added 4.8 million renters, lost 1.7 million homeowners (HousingWire) In a dramatic shift away from an ownership society since 2008, ownership fundamentals have shifted significantly in last 4 years.

Refinances expected to fall in 2013 (HousingWire)  In a significant downward revision, the Mortgage Bankers Association expects refinances in 2013 to be far below its original prediction.



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