Question: I have been looking for a house. I was driving in an area that I like and noticed a house I had long admired had just gone up for sale. I called the listing Realtor, viewed the house and made an offer which was accepted.
Nearly one in four US homes for sale today have had at least one price reduction, as sellers come to grips with the reality of a weakening economy and a housing market still groping along toward bottom.
In recent years, I've approached the summer with something resembling dread. Another three months of having to explain that, no, we won't be spending much time at our place on Cape Cod, seeing as how we don't have one.Mortgage crisis robbing seniors of golden years
Howard Weiss is 77 and scared. This year, the semiretired distributor from
Rhonda Duffy, owner of Duffy Realty in Atlanta, says a builder's whole career could rest on whether he or she sells one house.
As CR mentions in his essay on housing supply in this issue, plenty of markets are seeing very large segments of for-sale inventory coming in the form of short sale listings. Yet completed short sales remain a small segment of actual “distressed sales” or final dispositions of “worked out” loans.Programmable thermostats are no longer part of the federal Energy Star program
The U.S. Environmental Protection Agency recently announced that it will suspend its Energy Star specification for programmable thermostats effective December 31, 2009. Any models manufactured after that date cannot bear the Energy Star label; manufacturers will have several months to update their Web sites and promotional material.
FROM AROUND THE WASHINGTON DC REGION:
- Chevy Chase to hold informational, public hearings on purple line [Gazette.net]
- Getting Closer to Confirmation of the Real World House [DCist]
- Beware: Decks Could Soon be Counted as Lot Coverage [Historic Vienna]
- Wiehle avenue development approved [Fairfax Times]
- Local Area Has Its Share of Virginia's Wealthiest [Gazette]
- Greater Washington Initiative: Region's economy to shrink in 2009 [Washington Biz Journal]
- Virginia changes mortgage regulations to fight fraud [Virginia Business]
- Is McMansion era over? [Virginia Business]
- The Cash That's Left [Washington Post]