Headlines: Close It! makes a splash; $1M condos at The Wharf
Here’s a quick look at what’s happening in real estate around the District of Columbia.
The income gap between America’s richest and poorest metropolitan regions has reached its widest on record, shaping an uneven housing recovery that threatens to hold back the broader revival of the world’s largest economy. —CNBC
Given the very low likelihood of residents having cars, the cost per parking space would be prohibitively expensive and add an unnecessary cost to the project, particularly when most of the spaces would go unused. Constructing parking that will go unused will lead to unnecessarily higher rents. — DC Urban Turf
Whether you want something quick, easy and accurate to estimate closing costs and monthly mortgage payments, or you want to drill down into the numbers, this app takes the mystery out of closing. — Washington Post
Currently, brokers and agents must often enter and maintain their listings in both their back-end office system and their MLS. With the Update feature implemented, agents will only have to enter their listings in their broker’s back-office system, which can then transmit their listings to the MLS. — Inman News
Once you get outside of the original part of the city, the system changes a bit, but Curbed is here to tell you how you can understand the system to know where you are at all times, and to explain some of the misconceptions you may have heard about the plan. — Curbed DC
The $1.5 billion project, to deliver 3.2 million square feet of new shops, offices, homes and hotel rooms to The Wharf, will take years to fully materialize. But the first test of whether the development will become a live-work-play environment will come a lot sooner than that, at least the live part of the three-legged stool. — Washington Business Journal