Tuesday, September 27, 2011

Real estate round-up: September 27

Check in every business day for the latest edition of Real Estate Round-up, where we post a list of our favorite real estate news stories from DC and beyond.

Headlines from the DC Metro Area:

Are LeDroit Park and Bloomingdale DC's hottest rehab market?
DC Urban Turf

Over the past year, homes sold "as-is" which, in real estate parlance, means "what you see is what you get" are scooped up after a short window on the market, renovated from top to bottom (and in some cases enlarged) and back up for sale several months later.

Is the new rate worth the refinance?
Washington Times

If making the higher payments does not affect other financial aspects of your life, it would make sense. If the higher payment would result in taking away from important investments, such as a college fund or a retirement account, you may not want to be in the position of a required 15-year payoff.

Michelle Rhee sells at a slight loss
Curbed DC

The house in 16th Street Heights that Michelle Rhee had listed back in April sold at the end of August for less than she paid for it in 2007. She had paid $855,000 then, and the final sales price was $841,000.

The Yards virtual tour
DC Metrocentric

Developer Forest City gives a sneak peak of the development with this great fly through of how all the projects will looks once complete, including the Yards Park, Foundry Lofts, Lumber Shed, and more.

National real estate news stories:

Why rent when you can nest?
The New York Times

The children of baby boomers have inherited an expectation of early independence that in today's economy is hard to sustain, and many of them are moving back home � if, of course, their parents live in a place that holds the potential for jobs.

Rate drop spurs home refinancing
Wall Street Journal

The 30-year fixed-rate mortgage dipped below 4%, possibly triggering a refinancing boom for many of the same borrowers who already have taken advantage of rock-bottom interest rates.


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