Here’s a look at what’s happening in real estate around the District of Columbia.
The prices will run from $2 million to up to $8 million or more, targeting the international crowd and the upscale — obviously — suburban Potomac and Great Falls contingent who are looking to reestablish their primary residence in a city location with lots of services. — Washington Post
Washington, D.C. plans to transform its abandoned rail infrastructure into a vibrant recreational destination, following the lead of so many other metropolises. — Fast Company
For the last several months, interest rates on jumbo loans –mortgages that are $417,000 or more (or $625,000 or more in high-priced markets — have been lower than what average borrowers pay. — Realtor Magazine
For some homeowners and travelers, the social aspect is a huge perk of short-term rentals. The hosts agree that the service attracts highly sociable renters with adventurous spirits. — Washington Post
Councilmember David Grosso introduced legislation on Tuesday that would reduce the recordation tax rate for first-time homebuyers in DC from 1.45 percent to .725 percent of the property sales price. The recordation tax is collected by the city on all home purchases and goes to help fund the Housing Production Trust Fund. — DC Urban Turf