Wednesday, September 15, 2010

6 real estate headlines: 9-15

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

D.C. housing market in recovery mode
REO Insider:
The average price of a Washington-area home was $398,445 in the second quarter of 2010, 4.2% higher than in the second quarter of 2009.
A downside of short sales
The New York Times
: But the jump in short sales has also given rise to a new form of fraud � which, as a recent study by CoreLogic suggests, could undermine the burgeoning practice.
Scope, cost of planned NW arts district questioned
Washington Post: But some people who stand to benefit from the new arts district said they worry that the area's size is daunting and that there is no specific plan.
The return of new condos in Alexandria
DC Urban Turf: One of the main draws for buyers may be the amenities, including a 25-meter lap pool, a sun deck, a private dog park, a fitness room and outdoor sports court.
Who's your agent looking out for?
Washington Post: Before you know it, the shopping process can become not-so casual -- and you should get answers to some basic questions.
Silver Spring's contracting galaxies
DC Mud
: RST Development began excavation work on the site to make way for an apartment building that will soon rise just west of Georgia Avenue on the Silver Spring-Washington DC border.

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