Friday, October 7, 2011

Real estate round-up: October 7

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:

First glimpse inside units of 1020 Monroe
DC Curbed

This is a 28-unit building, with one and two bedrooms, at the corner of 11th and Monroe NW. Prices start at $299,900 for one bedrooms and $399,900 for two bedrooms.

Huge Adams Morgan loft back on the market
DC Urban Turf

The larger of two massive units in a former car dealership located in the heart of Adams Morgan, the three-floor industrial space has a number of aspects that one would expect to find in a real loft � 14-foot ceilings, a private deck on the second floor (plus a larger deck on the roof), and a living area big enough to host a party for a few hundred people.

Your next place: Townhouse-style condo
DC Mud

This is not a Prius of condos � more like a Bentley. The epic living room has a 20-foot-plus vaulted ceiling and massive floor-to-ceiling windows, and there are two (!) floating staircases leading to the upper two levels.

National real estate news stories:

Redfin pulls agent scouting reports
Inman News

Holes in the data -- often created when agents work informally in teams, or don't inform the MLS when an out-of-town agent represented a buyer in a deal -- meant that consumers weren't always getting the complete deal history and performance metrics for every real estate agent.

Mortgage rates fall below 4%
Wall Street Journal

Many borrowers can't refinance today because they don't have enough equity or they can't qualify under lending standards that are far tougher than when they initially obtained their mortgages.

New discounts for mortgage borrowers
Smart Money

From large banks to credit unions, a growing number of lenders are waiving fees, lowering rates and finding new ways to cut loan prices for would-be home buyers and refinancers.�

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