Headlines: New loan options for first-time buyers; nearly 1 in 5 DC homes costs more than $1M
Here’s a look at what’s happening in real estate in and around the District of Columbia.
In a recent poll by NeighborWorks, a network of community development organizations that provides homeownership assistance, 70 percent of those surveyed did not know about the existence of down payment assistance programs for first-time buyers. -Washington Post
While this Wednesday is income tax day, UrbanTurf is re-running its primer on property taxes which outlines a few things that will help area homeowners in the city navigate the process. -Urban Turf
The former home of the DC Eagle bar, 639 New York Ave. NW, will be relocated to a new concrete slab, where it will eventually border a funky, 350,000-square-foot office building designed by Shalom Baranes Associates that Douglas has planned for the larger site. -Washington Business Journal
Between 2012 and 2013, the share of million-dollar house sales jumped from 12.9 percent to 17.3 percent, according to an economic report from the office of the D.C. Chief Financial Officer. -Washington City Paper
Washingtonian asked this question, and numerous local architecture firms took up the design challenge, creating a fantastical city with an ice skating rink around the Capitol and a suspended digital screen at the White House. -Curbed DC