Buyers & Sellers Articles Blog Real estate round-up: December 20
| 20 December 2011
Check in every business day for the latest edition of Real Estate Round-up, where we post a list of our favorite real estate news stories from DC and beyond.Headlines from the DC Metro Area:DC's third most expensive house sale of the year Adding to the house's pedigree is the note that it had previously been owned by former Sen. Bill Frist. It is a three-level Tudor with six bedrooms, a pool and pool house. Your next place: The Georgetowniest house in Georgetown It's a brilliant mix of classic charm and modern amenities, from the open floor plan to the burnished hardwood floors. Incentives upgraded in down market According to the NAR, sellers are resorting to a variety of inducements, from home warranties and closing-cost assistance to remodeling credits and flat-screen televisions, in order to get their homes off the market and into a buyer’s hands. A Metro-focused developer weathers the downturn The current trend of smart growth, or developing housing and other amenities near transit-friendly areas, has been the mantra for local planning agencies and developers in the last several years. |
National real estate news stories: What are the tax rules for retiree home sales? No matter your age, you don’t have to pay tax on gains of up to $250,000 per person (or $500,000 per couple) on the sale of your home. Helping homeowners dig out With interest rates at historic lows, the expansion of a federal refinancing program could help more homeowners who owe more than their property is worth move out of higher-rate or adjustable loans into something more affordable and stable. |
