Thursday, May 17, 2012

Morning Real Estate Review

Housing affordability indices reach record in 1st quarter (National Ass. of Realtors)  The affordability index, a relationship between median home price, median family income and average mortgage interest rate, crossed above 200 for the first time since 1970.

Homes for sale hard to find in some parts of the U.S. (Bloomberg Businessweek) The number of homes for sale in the U.S. fell 22% in March from the same time the previous year, as homeowners opt to stay where they are.

Home sale shortage affecting the nation (UPI)  Markets across the country showing signs of a housing shortage.

Trying to save K Street's grandeur (Washington Post)  The street, now known for its uniformity of office buildings, was once known for grand residences, and some are trying to save what little history is left.

Is the stadium really the reason for southeast's revival? (CityPaper)  The new stadium has certainly helped bring visitors from across the river (a winning team hasn't hurt), but development began before the stadium and would likely have continued without it.


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