Wednesday, May 11, 2011

6 real estate headlines: 11-May

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

DC home sales in April 2nd highest since 2006
DC Urban Turf
: While pending sales in April fell by 4.8 percent when compared to the heavy level of activity in March, the sales figures still represented the fourth highest monthly total in the past 45 months.
Looking for a cheaper mortgage? Try FHA
: Until recently, FHA mortgages were less popular than conventional mortgages because they require both upfront and monthly mortgage insurance premiums, full documentation of income and assets, and limit the amount you can borrow.
How to go green? Look to DC's Ledroit Park
The Atlantic
: Located a little over a mile north of downtown D.C. and bordering Howard University, LeDroit Park was once a planned, architecturally unified, and carefully landscaped suburb carved out of rural land.

How does a condo differ from a co-op?
: Co-ops and condos, both of which are common-interest developments featuring for-purchase apartment units, require little or no maintenance on your end.

No end in sight for National Mall sprawl
Washington Examiner: From the National Park Service's point of view, the Mall's sprawl was nipped in the bud when the Reserve Act, passed in 2003.
Reports of mortgage fraud reach record levels
Wall Street Journal
: Reports of mortgage fraud, which have been increasing since the housing boom, rose to their highest level on record in 2010, Treasury Department figures showed.

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