Normalizing Ground Zero?
Tourists still flock to the World Trade Center site, almost seven years after the attacks of September 11. What they find when they get there is not a scene of destruction but a busy construction site.
More Attractive Interest Rates May Help First-Time Buyers
Months after Congress moved to lower borrowing costs for homeowners in a number of high-priced housing markets, interest rates are finally becoming more attractive on certain types of so-called jumbo mortgages, reports Ruth Simon in today’s WSJ.
Mortgages: A Close Look at All Those Fees
BORROWERS lucky enough to secure a mortgage in the current lending environment have a good amount of leverage when negotiating fees with brokers, who are increasingly starved for business.
Urban Manifesto: Factors that Make a City Great
What do you really want out of a city? And what can you do without? With the environment top of the agenda in mayors' offices around the world, Monocle looks beyond the recycling bins and congestion charges to see what makes for a liveable city.
Has the Credit Crunch Hit Your Home Equity Line
For many high school seniors, spring graduation marks the start of the transition to college. It is also the time when parents finalize their college-financing plans. Unfortunately, those preparing to write large checks this fall to cover college expenses are faced with an increasingly limited college-loan market. In particular, many must deal with an unexpected tightening of a popular source of college financing: the Home Equity Lines of Credit (HELOC).
FHA Says Flip - I Mean Fix - that House
To help lenders get REO properties off their books, FHA is lifting a 90-day waiting period on resales instituted five years ago to deter fraudulent/predatory home flipping (see Inman News story).
Can a $100 Million Home be an Investment?
Donald Trump's Palm Beach mansion has been sold for $100 million to "little-known Russian fertilizer billionaire, Dmitry Rybolovlev":
Gas and Home Prices: What a Difference Two Years Can Make
It was only four years ago that home prices were rising at the rate of 20 percent per year and gasoline cost less than two dollars a gallon, yet it seems like a distant memory.
Second Homes: The Most Bang for their Euros
In Manhattan, foreign investors, trading on the dollar's weakness, have helped keep apartment prices at stratospheric levels.
Shoring Up Your Credit
There is no leniency.
FROM AROUND THE REGION: DC-MD-VA
Lessons of Arlington's Urban Development Needn't be Just History
The phenomenal metamorphosis of Arlington County's Rosslyn-Ballston corridor, among the region's most dramatic real estate transformations, teaches a timely lesson: Successful urban revitalization requires long-range planning and long-range public investment that sparks private investment.
Virginia Ahead of Maryland in Personal Income Growth
Virginia ranked 8th and Maryland ranked 10th in growth of personal income for the first quarter, according to a report released Thursday by the U.S. Bureau of Economic Analysis.
More Homes Foreclosed in DC Area than New York, LA
The Washington area is home to one of the country's fastest-growing foreclosure rates.
Reston Named Top 'Brainy' Retirement Destination
Charles and Harriet Todd, both 85 years old, moved to Reston from Connecticut in 1975, when they were 52. “I got a job with the World Bank in Washington and I knew that their mandatory retirement age was 62,” said Charles Todd.
Fuel Prices May be Catalyst for Extending Metro to Dulles
The airport is short on public transportation, and
so are the places in between. Herndon has been wanting Metrorail for years, and Tysons Corner, designed for road access only, is plainly not equipped for the new era of increased public transportation use.
Four years ago when Middleburg landowner Zohar Ben-Dov learned that his neighbors planned to sell their lush rolling land, he was concerned that a new owner might come in and spoil the pristine views surrounding Kinross, his 587-acre horse farm. The solution? Buy the 150 acres on the block.
Revelations from an Energy Audit
By now we’re all feeling the pinch on our wallets from escalating energy prices.