Friday, June 4, 2010

Real estate news update: 6-04

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

District streets that border states create confusion
Washington Post:
Theres a common misconception that the border runs down the middle of three District boundary streets: Western, Eastern and Southern avenues.
Pending home sales up, but will they close in time?
Washington Post: Realtors point to the rush of business, bank delays with short sales and foreclosures and appraisal issues as reasons why closings could take longer then usual.

Showing the benefits of green retrofits
The New York Times: Retrofitting buildings is considered the low-hanging fruit in carbon reduction, but despite its simplicity, it is still not mainstream. iPhone app marks 1 million downloads
Inman News: Since the January 2010 launch, iPhone users have tapped into through the iPhone app on average of two times per day.
Looking for lending
Wall Street Journal: But the tight credit environment is making it difficult for entrepreneurs to secure those loans. The difference between today is the underwriting scrutiny.
Nordstrom Rack to open 3rd DC store
Washington Business Journal
: The Friendship Heights store will be the sixth in the Washington area. The existing stores are in Sterling, Woodbridge and Gaithersburg.

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Headlines compiled by Strategic Research.

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