Tuesday, June 22, 2010

Real estate news update: 6-22

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

Social Safeway design nod to changing markets
Washington Post:
At just more than 71,000 square feet and open 24 hours a day, it is the Districts largest supermarket, completed only 376 days after the old store was closed.
Pity the celebrity tax payer
Forbes: The IRS is targeting more high-earners as part of an effort to close the $290 billion tax gap between what its owed and what it collects.
Summers cites recovery, risks
Boston Globe: The US economy has probably begun a lasting recovery, but the outlook has become more uncertain in recent weeks.
Verifying borrowers finances
The New York Times: Industry executives say the change should not have a drastic effect on borrowing, unless of course the borrower is prone to running up huge credit card bills.
Would-be homebuyers race to close deals
Washington Post: The legislation, attached to a bill that would extend unemployment benefits, still needs final approval in the House.
Stable D.C. office market attracts buyers
National Real Estate Investor
: Political dramas may dominate the headlines in Washington, but the allure of this market for office investors is far more mundane -- stable cash flow.

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Headlines compiled by Strategic Research.


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