Wednesday, May 30, 2012

Morning Real Estate Review

Now coveted, walkable neighborhoods like Washington D.C. (NY Times)  In what is still news to some, a Brookings Institution study finds that walkable communities are better.  Rents and sale prices are going up there faster than in non-walkable communities. Duh.

Georgetown, Arlington among most walkable neighborhoods (DCist)  Georgetown and Arlington are 2 such walkable neighborhoods (see previous story), and offer some of the most convenient places to live in the country. Oh, and if you live in one you are smarter, richer, and pay a higher percentage rent than suburbanites.

Case-Shiller's March numbers show housing prices falling yet again (S&P) The 20-city index show variation in the urban housing market, but overall numbers were down as all three composites ended the first quarter at post-crisis lows - the lowest levels since 2006.

Housing market better than it looks (Time)  Case-Shiller numbers show a mixed bag (though down overall) for the economy, but take out distressed properties and the picture looks a little less gloomy.

Carr breaks ground on Corcoran office building (WIDN) Carr began work last week on the 122,000 s.f. glass building next to the Corcoran Gallery of Art.


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