Headlines: On the brink of a housing boom in NoMa; 67 condos coming to Logan Circle

By April 22, 2015 Uncategorized
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Here’s a look at what’s happening in real estate in and around the District of Columbia. 

The Union Market housing boom is about to explode

In May, the neighborhood’s first mixed residential/retail space will break ground. If all goes well, eight more development projects will follow. -Washingtonian

Massive Tyson’s project rebranded, final development plans filed

One of the few massive Tysons overhauls remaining in the Fairfax County pipeline has a new name and a clear vision for the initial phases of development. -Washington Business Journal

67-unit condo project on site of Logan Circle car wash will deliver in 2016

The development will consist of studios, one-bedrooms and two-bedrooms. There will be five inclusionary zoning units, as well as 27 parking spaces and 26 bicycle spots. -Urban Turf

Concerns rising over new affordable housing law

The Disposition of District Land for Affordable Housing Amendment Act (DDLAH) requires residential buildings built on land formally owned by the District to allocate 30 percent of their units to affordable housing. -Curbed DC

Wary homeowners offered new ways to finance their next move

Now, rising home values are drawing homeowners back into the market, but many remain hesitant. They worry about not being able to find another home in their price range — especially if buying a new one is contingent on selling the one they have.-Washington Post

Racing to buy homes sight unseen

With the low-hanging fruit from the housing bust mostly picked, Wall Street-backed buyers of real estate are increasingly turning to quantitative data analysis as a way of accelerating their search for a dwindling supply of available homes that can be transformed into rental properties. -Wall Street Journal

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