Monday, May 07, 2012

Morning Real Estate Review

House hunters find it's a jungle (Washington Post) Homebuyers in the D.C. area searching for affordable housing are running into an all-too-common problem: There are too few homes available for less than $400,000, as low mortgage rates and high rents have pushed demand to an all-time high.

DC Region Monitors Foreclosure Wave (UPI) For years, the Washington metro area has ranked high on every list of the nation's hottest markets. Now, however, the region's multiple listing service, MRIS, is holding its breath and closely monitoring the situation as a wave of backlogged foreclosures looms.

Lender Training Begins for HUD's Multifamily LIHTC Pilot (Globe St.) The 20 lenders selected to participate in a pilot program the US Department of Housing and Urban Development launched in February—the Multifamily Low Income Housing Tax Credit pilot—were set to begin training Friday.

Alexandria community, in face of major development, mulls affordable housing issues (Washington Post) As a colossal development in Alexandria is debated, subsidized tenants are upset about changes.


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