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

Headlines: Despite cold weather, DC area housing market heating up
If opinions hold steady, it is likely DC's Zoning Commission will approve a new rule on residential pop-up construction, reports Urban Turf.
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

Leave a comment

You are commenting as guest.
  • Ways to save at closing

    Title charges are the largest chunk of closing costs and can vary by hundreds of dollars.

    Learn more

  • What are closing costs?

    The real estate closing process involves loan steps, legal steps and title steps.

    Learn more

  • What's title insurance?

    Insure your legal ownership just like you'd insure the building, but for lots cheaper.

    Learn more

Connect with us

Our blog contains general information only, not intended to be relied upon as, nor a substitute for, specific professional advice. Rate tables and figures that appear on our blog are deemed reliable but not guaranteed. For current rates & policies, refer to our Quick Quote and Consumer Guide. We accept no responsibility for loss occasioned to any purpose acting on or refraining from action as a result of any material on our blog.