Real estate news update: 5-18

Written by Federal Title | 18 May 2010

A daily dose of headlines for real estate agents, mortgage lenders and consumers.

Magazine ranks Virginia 4th for business
Washington Business Journal: Chief Executive magazine ranks Virginia No. 4 in the nation for business, with high scores for its low sales tax and college educated population.
Fear of double dip may cause one
The New York Times: Real risk of a double-dip recession exists, though it can’t be quantified by the statistical models that economists use for forecasts.
Housing inventory down, home prices rise
Washington Post: The glut of homes for sale in the Washington area has shrunk dramatically since the housing market's darkest days in 2008.
Mixed used NE DC project nixed
Washington Business Journal: Growth on the Northeast corridor, including revitalized hotels and the promise of the city’s first Costco, portend “some really big things.”
Commercial property owners may have to fund streetcars Washington Post: Commercial property owners along 37 miles of planned routes for a D.C. streetcar system may foot the bill for a quarter or more of the $1.5 billion system.
Spelling mansion tops expensive homes list
Forbes: You'd never know the country was in a recession based on the cost of these homes. In fact, pricing for this small group of properties is even stronger than last year's list.

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Headlines compiled by Strategic Research.

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