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Real Estate
Real estate recovery expected by 2010
- The worst of the area’s residential real estate downturn is behind the Baltimore region, but data show a real turnaround could be two years away, a top analyst told real estate agents Wednesday.
- The worst of the area’s residential real estate downturn is behind the Baltimore region, but data show a real turnaround could be two years away, a top analyst told real estate agents Wednesday.
Sales of soaring skyscrapers sag
- In recent years, taxes from the sales of multimillion-dollar downtown skyscrapers have provided a budget boost for The City. But decreased sales this year have left San Francisco with $32 million less than planned for by city officials.
- In recent years, taxes from the sales of multimillion-dollar downtown skyscrapers have provided a budget boost for The City. But decreased sales this year have left San Francisco with $32 million less than planned for by city officials.
Office rents, incentives rise in D.C., N.Va.
- The cost of renting office space in downtown Washington and Northern Virginia rose last year, but incentives — usually in the form of free rent or other concessions — became more popular, a sign that the region is being hurt by the nation’s economic slowdown.
Mortgage delinquency rates double in Washington region
- The metro region is feeling the effects of nationwide mortgage troubles, as a new data reveals the number of borrowers with mortgage payments at least 60 days late doubled or almost doubled — and in some cases tripled — in all counties in the region from the fourth quarter of 2006 to the same period in 2007.
Expert: Commercial real estate relief pushed to ’09
- Office and industrial developers and brokers looking for relief in the commercial real estate market might have to wait until late 2008 or early 2009 at the earliest, an industry expert said.
Realtors see signs of real estate life
- There have been a few months of falling prices, and hopeful Realtors say they’ve seen a little more traffic at open houses this spring. Both may be positive signs, but several real estate experts said they expect the residential housing market to continue its slide into 2009.
- There have been a few months of falling prices, and hopeful Realtors say they’ve seen a little more traffic at open houses this spring. Both may be positive signs, but several real estate experts said they expect the residential housing market to continue its slide into 2009.
Realtors, builders turn away from gimmicks
- The time for gimmicks is over.
- The time for gimmicks is over.
Troubled housing market may force $350M deficit in 2010, analysts say
- Fairfax County’s budget gap is expected to top $350 million in fiscal 2010 as the housing market continues to suffer, budget staffers have told supervisors.
National home sales and prices drop; metro area having mixed results
- Sales of existing homes dropped across the country last month after a slight comeback in February. Median sale prices also took a dive. Across the metro area, however, the picture is mixed, with some areas inside the Beltway doing better than the nation as a whole, other areas running about even, and neighborhoods outside the Beltway clearly underperforming.
Bowleys Quarters condos spark controversy in Baltimore County
- In many waterfront towns, condos are as expected as the tide.
Developers back off projects, wait for real estate to improve
- In the D.C. region, as in the country as a whole, businesses watching their budgets are wary of large expansion projects.
Lack of progress angers Hill East neighbors
- Residents of D.C.’s Hill East community are furious that the city has let a tract of prime Anacostia waterfront real estate languish as a “dumping ground” for social service facilities rather than concentrating on its redevelopment.
Commercial brokers come to county to network
- This business lunch seated more than 200.