Tuesday, November 27, 2012

Morning Real Estate Fix

Commercial real estate vacancies declining (Wall Street Journal)  With a low level of new inventory coming online, most markets are showing stronger tenancy rates.

Fannie Mae more bullish on housing market (DS News)  Seeing elements of a housing recovery, Fannie Mae revises its futures numbers upward to show a jump in housing starts and single family home sales.

Get ready for epic DC zoning fireworks (Greater Greater Washington) The Office of Planning has 8 meetings planned to discuss zoning changes; anti-development forces will undoubtedly open their arsenal to scare the public against a zoning update.

Lehman to sell Archstone to Equity and AvalonBay (NASDAQ) In a deal worth $6.5 billion, the rump investment firm that remains will sell its whole share of the apartment building giants.

Strong November points to housing recovery (HousingWire) Gaining strength in November, the housing market is likely to continue into 2013, with homebuilders showing more confidence in their product for the near future.

3rd quarter mortgage delinquency and foreclosure rates decreasing (Mortgage Bankers Association)  3rd quarter 2012 figures for residential properties fell to 7.4% of all loans, a decrease of 59 basis points from a year ago.

DDOT to hold final meeting for Benning Rd. trolley plan (DDOT)  DC will hold the last public meeting for the Benning Rd. streetcar study today.


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