3 days ago- 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.
3 days ago- 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.
4 days ago- 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.
4 days ago- 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.
4 days ago- 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.
4 days ago- 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.
13 days ago- 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.
18 days ago- 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.
24 days ago- 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.