Headlines: Millennials make their way into mortgage market; more on fate of pop-ups in DC

Headlines: Millennials make their way into mortgage market; more on fate of pop-ups in DC
While the DC Zoning Commission considers an amendment to limit pop-ups in the District, Urban scrawl has a story all about the history of the DC Height Ordinance that began with the Hotel Cairo (Photo: Library of Congress)
Here's a look at what's happening in real estate in the District of Columbia and beyond.

Millennials jump into the mortgage market

Statistical measures and anecdotal reports suggest that young couples and singles in their late 20s and early 30s have begun making a belated entry into the home-buying market, pushed by mortgage rates in the mid-3-percent range, government efforts to ease credit requirements and deep frustrations at having to pay rising rents without creating equity. -Washington Post

Report: 1 in 3 FHA borrowers would benefit from a refinance

With mortgage rates as low as they’ve been in more than a year, refinancing is becoming a cost-saving option for many homeowners. -Urban Turf

DC proposes limits on pop-ups

In response to citizen concerns, the D.C. Zoning Commission is considering an amendment in selected R-4 zones (single-family-attached dwellings) to reduce allowable building height and permit no more than two units per row house lot. This is essentially a neighborhood preservation initiative. -Washington Post

The Height Act for dummies

With all the hubbub over pop-ups and new development, population growth and the changing landscape of the city, Washingtonians should get straight on this one. The truth is a little more complicated and perhaps a little less romantic that the myth. -Urban Scrawl

Goldstar to begin work on 41-unit Hill East condo

The construction of a 41-unit condo building at 1500 Pennsylvania Avenue SE, in Hill East, will begin in April. The four-story residential building with parking garage will be finished by the end of 2015. -Elevation Media

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