Thursday, March 01, 2012

Morning Real Estate Review

AREA Property Partners purchase EOS 21 in Alexandria, an 1180 apartment complex (Commercial Property Executive) The Van Dorn area apartment building sold for $192m.

Case-Schiller summary shows year ending on a "disappointing note" (Biz Journal) Prices were down 4% nationally, but the Washington D.C. area showed some of the top promise for long-term price appreciation.

Mortgage indicator drops in January (HousingWire) Mortgage insurers underwrote loans at a pace 23% below last January.

Developer plans Reston's tallest building (Washington Post) RTC Partnership plots a 23-story tower, replacing a smaller office building, despite high vacancies along Dulles toll corridor.

Maryland proposing cap on mortgage interest deduction
(Washington Post) Proposal would hit those that make more than $100k.



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