Headlines: Despite cold weather, DC area housing market heating up

By February 11, 2015 Uncategorized
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Here’s a look at what’s happening in real estate in and around the District of Columbia. 

DC-area housing market is on a roll

Typically, January is one of the slowest months of the year. But last month, according to analytics firm RealEstate Business Intelligence (RBI), a subsidiary of Rockville-based multiple-listing service MRIS, the market showed across-the-board progress. -Washington Post

Washington home prices reach highest January level in 7 years

The median price of a house or a condo that sold in the Washington metro region last month was $385,000, the highest January median price since 2007 and up 4.1 percent from a year earlier. Condo prices led the gain, up 4.7 percent. -Washington Business Journal

Where zoning commissioners stand on DC’s proposed pop-up rule

The Zoning Commission is strongly divided on a proposed rule aimed at stopping residential pop-ups in DC. But if commissioners’ opinions hold steady, the rule is likely to be implemented on a divided vote. -DC Urban Turf

Bowser Administration scraps downtown museum plans

Last month, administration officials said that five projects that had been awarded under Mayor Vince Gray were under review and could be opened to new bids. Among them was the Institute for Contemporary Expression, the highly anticipated museum from art collector Dani Levinas. -Washington City Paper

Your transit map could look like this if Maryland builds the purple and red lines

Within ten years, you could be able to take trains from West Baltimore to Tysons Corner in Virginia, or go from Bethesda to Fells Point along the Baltimore waterfront without detouring through downtown DC. If, that is, Maryland still builds the planned Purple and Baltimore Red light rail lines. -Greater Greater Washington 

Demand for government-backed FHA loans spikes

Mortgage activity took a slight breather last week, but applications for government-backed loans went on a tear after the government insurer of home loans lowered annual insurance premiums by half a percentage point. -CNBC

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