Monday, June 28, 2010

Real estate news update: 6-28

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

Good schools, bad real estate
Wall Street Journal:
Its supposed to be a buyers market. Yet, for parents determined to buy in areas associated with top schools, those bargains may be harder to come by.
No homebuyer tax credit surge expected from military
Washington Examiner: Most of the military personnel moving their families into the area in the next 16 months will not qualify for the first-time homebuyer credit.
May sales drop no surprise
Washington Times: Does this mean the rest of 2010 is doomed? Not doomed, for sure, but it will be a more sedate market than weve seen in recent months.
Elizabeth Warren: Why credit is still frozen
Business Week: The congressional TARP watchdog says theres no evidence that the $700 billion bailout boosted lending to small business
Fed chair doesnt seem to care about high unemployment
Slate: If Federal Reserve Chairman Ben Bernanke had a theme song, it would be Meat Loafs 1978 classic Two Out of Three Aint Bad.
How much should developers pay for surplus buildings?
Washington City Paper
: When the District wants to offload real estate, there are lots of rules about how the city must prove that it indeed no longer needs the property.

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