Headlines: Consumers don’t shop for mortgage, title services enough

By February 25, 2015 Uncategorized
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Here’s a look at what’s happening in real estate in the District of Columbia and beyond. 

Why DC’s housing inventory shortage will continue ‘for the foreseeable future’

A recent uptick in the number of homes on the market hasn’t been enough to balance an inventory shortage in the DC metro, and low inventory will likely continue to be a theme through the year. -Urban Turf

How to negotiate closing costs on a newly constructed home

Today, many builders offer incentives to the buyer in the form of either upgrades to the house or credits given at settlement that help reduce the closing costs. -Washington Post

How much for a Georgetown condo under 440 square feet?

This zero-bedroom condo thinks a lot of itself, and it should with how well it’s able to transform a potentially cramped abode into a well-lit, well-furnished space. -Curbed DC

JBG acquires majority of Akridge’s Half Street project by Nationals Park

DC developer Akridge has sold the majority of its Half Street parcel across from Nationals Park to The JBG Cos., which is expected to redevelop the site with two new residential buildings and a large amount of what one executive called “dramatic” retail. -Washington Business Journal

Study shows consumers spend too little time mortgage shopping

According to a recent report by the Consumer Financial Protection Bureau (CFPB) in conjunction with the Federal Housing Finance Agency, a significant number of consumers may not be shopping enough to ensure they are receiving the mortgage that best fits their circumstances. -Washington Post

Equity One unveils Westbard development plans

The condo building proposed for the Manor Care site would have 75-foot heights facing River Road, but rise 50 feet in the back to better fit in with the single-family homes in the neighborhood. The company is planning about 250 units for the two buildings. -Bethesda Magazine

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