Thursday, October 13, 2011

Real estate round-up: October 13

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:

Mortgage interest deduction hangs on, but how long?
Washington Examiner

Opposition from real estate organizations to reducing or eliminating the deduction remains strong in the face of a fragile housing market and a weak economy.

White House puts O Street Market on fast track
Washington City Paper

Of the 14 projects nationwide that "will be expedited through permitting and environmental review processes," the District's own City Market at O Street (former home to a crumbling Giant supermarket) will be one.

New EYA condos to be built in Alexandria office building
DC Urban Turf

Potential buyers of the building initially felt that it could accommodate 100-150 residential units, but that number has been pared down, and the final product will likely be somewhere in the 50-75 condos with large floorplans.

National real estate news stories:

10 tips for high value home appraisals
Wall Street Journal

Lowball appraisals can kill deals. They can also kill a refinancing application. If it comes in too low, it's not worth refinancing or you might need to put in a whole lot more equity.

Mortgage lenders to get more insight into borrower pasts
Inman News

Mortgage lenders will soon have access to new details about a prospective borrower's past -- such as past rental applications, inquiries to pay-day lenders, and missed child support payments -- that will be factored in to a new credit score.

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