Thursday, October 27, 2011

Real estate round-up: October 27

Headlines from the DC Metro Area:

10 things to know about buying, selling your home
Washington Post

After staying put during the economic recession, you might be tempted by stabilizing real estate prices and low mortgage interest rates to sell your house and buy your next place. What you may not realize is how long and complicated the process of buying and selling a home has become.

Queen Anne-style home in Rockville gets national attention
Curbed DC

This 1900s-era 4 bed/2bath has been in the same family for the past forty years. It started out on the market at $500,000 (too high!, says Goldilocks), but has come down to $399,999 (just right!).

Home prices up in half of major U.S. cities
Washington Times

The biggest price increases were in Washington, Chicago and Detroit. The greatest declines were in Atlanta and Los Angeles. The August data provides a "modest glimmer of hope" that some areas may have bottomed out and could be turning around.

National real estate news stories:

Home prices tread water
Wall Street Journal

Here are four questions that borrowers should consider carefully before proceeding with a refinancing, according to experts.

Be neighbors with Vice President Joe Biden for $6.9M
Inman News

his Hacienda-style house might look like something out of the Spanish countryside, but it actually sits next to the vice president's mansion on the grounds of the Naval Observatory in Washington, D.C.

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