6 real estate headlines: 25-Mar

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

Inventory down, houses fly off market Arlington Real Estate News: Around most of Northern Virginia and especially in Arlington � about 1/3 of the properties that hit the market are sold in the first week, many times with multiple offers.	�	Mortgage principal deduction in play CNBC: This week state attorneys general from Virginia, Texas, Florida and South Carolina sent a letter to their colleague in Iowa, Attorney General Tom Miller.
Q&A: Foreclosures, property taxes, deductions Wall Street Journal: Developments invited Kim Rueben, an economist who directs the state and local program of the Urban-Brookings Tax Policy Center, to answer questions about taxes and real estate.	�	Rate on 30-year fixed rises Washington Post: Freddie Mac says the average rate on the 30-year fixed mortgage rose to 4.81 percent from 4.76 percent the previous week. It hit a 40-year low of 4.17 percent in November.
Why the homebuyer credit didn't work Smart Money: Sales in most residential markets remain anemic and prices are still falling. The real estate gurus at Case-Shiller expect more bad news: prices could fall another 15%-25%.	�	New rules could keep gov't out of housing Housing Wire: The American Enterprise Institute for Public Policy Research is advocating for a more robust housing market supports proposals to privatize the entire mortgage market.

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