Tag: Real Estate News

DC-area home values up 40 pct. since 2009

WASHINGTON — D.C.-area home sales hit monthly price records for November. Listing service Bright MLS said the median price of what sold in the D.C. region in November was $449,500 — up 5.9 percent from a year ago and a record high for the month of November. The median price was also up 5.5 percent […]

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DC-area home values up 40% since 2009

WASHINGTON — D.C.-area home sales hit monthly price records for November. Listing service Bright MLS said the median price of what sold in the D.C. region in November was $449,500 — up 5.9 percent from a year ago and a record high for the month of November. The median price was also up 5.5 percent […]

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DC-area home values up 40 percent since 2009

WASHINGTON — D.C.-area home sales hit monthly price records for November. Listing service Bright MLS said the median price of what sold in the D.C. region in November was $449,500 — up 5.9 percent from a year ago and a record high for the month of November. The median price was also up 5.5 percent […]

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WeWork, Meridian buy Akin Gump building for $136.5M

WASHINGTON — The Meridian Group, through a joint venture with affiliates of WeWork Property Advisors, acquired 1333 New Hampshire Ave. NW in Dupont Circle from Boston Properties for $136.5 million. The 350,000-square-foot building is 84 percent leased by law firm Akin Gump Strauss Hauer & Feld, which is relocating to a new headquarters after 25 […]

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Alexandria leaders say Amazon won’t quash affordable housing

WASHINGTON — Alexandria officials are confident housing prices and rental rates won’t become unbearable when Amazon sets up shop in Crystal City — even with skyrocketing rent in Seattle, where the online retailer has deep roots. “People have looked at Seattle and said that’s what’s going to happen in Northern Virginia, but we’re a different […]

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PHOTOS: Historic Capitol Hill church becomes multimillion-dollar condos

WASHINGTON — A historic landmark church in Capitol Hill’s Stanton Park has been converted into six multistory luxury condos, all with unique original details, called The Bell Tower at Stanton Park.  The church at 609 Maryland Avenue, N.E. built in 1891 and 1892, was originally the Eastern Presbyterian Church. It was designed by renowned architect […]

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In DC, median home price now tops $600,000

WASHINGTON — The median price of a house or condo that sold in the District in October was $602,250, up 9.5 percent from a year ago and the highest October level on record in D.C. The Greater Capital Area Association of Realtors also notes fewer sales. The 742 closed residential sales in D.C. in October fell […]

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DC Council votes to put limits on home-sharing services such as Airbnb

WASHINGTON — After nearly two years of consideration, the D.C. Council approved a short-term rental bill Tuesday to regulate home-sharing services such as Airbnb. The bill would restrict short-term rentals to a property owner’s primary residence and limit rentals to 90 days a year. The bill passed unanimously, and it will be up to D.C. […]

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What Amazon’s HQ2 decision will mean for the area’s real estate market

WASHINGTON — Amazon’s selection of northern Virginia as the future home of half of its second headquarters is expected to have a dramatic impact on the area’s housing market as the company brings thousands of employees to the region. Cities across the country were originally competing for 50,000 jobs that were projected to come along […]

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Jobs coming to DC, but more housing needed

WASHINGTON — By 2045 the D.C. region will see an additional 990,000 new jobs. But unless there’s a push to build new housing, the employees coming to fill those jobs will struggle to find a place to live. That’s the upshot of the report from the Metropolitan Washington Council of Governments. According to COG’S forecast, […]

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Kalorama manse with a designer pedigree on the market for $5.3 million

WASHINGTON — A 7,000-square-foot, completely renovated Georgian Revival in Kalorama is on the market for $5,295,000 and comes with high-profile neighbors and a well-known designer’s touch. The four-bedroom home, at 2310 Tracy Place, NW, was built in 1914 and includes five-and-a-half baths, a huge entry gallery, breakfast and sunroom, library and office, and four fireplaces. […]

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This ZIP code is home to DC’s most expensive rentals

WASHINGTON — Renting an apartment in the District is not cheap, and ZIP code 20037, which includes Foggy Bottom and the West End, is not only the most expensive ZIP code for rent in the city, it is also the most-expensive rental ZIP code in the entire mid-Atlantic region. The average apartment rent in ZIP […]

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DC housing market has 1.9 month supply. What does that mean?

WASHINGTON — Lack of inventory, or amount of houses and condos for sale in the District, continues to plague D.C.’s housing market and it’s not getting any better. Long & Foster now reports there is just a 1.9 month supply of homes for sale in the District. What exactly does that mean? “Essentially what it […]

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Problems with short-term rentals prompt DC to question landlords

WASHINGTON — D.C. Attorney General Karl Racine’s office sent letters to 19 building owners and managers of 33 residential apartment buildings in the District requesting answers about short-term rentals being offered alongside long-term leases. The A.G.’s office says it has received complaints from tenants about safety concerns and frequent disruption from noisy and rowdy short-term guests. […]

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Affordable housing part of former Walter Reed redevelopment

WASHINGTON — Years in the making, development is taking shape at the former Walter Reed campus on Georgia Avenue. Now known as the Parks at Historic Walter Reed, the 66-acre campus will eventually be comprised of more than 3 million square feet of retail, office and residential space, about a fifth of which will be […]

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Student loan debt, wealth divide are harming millennials’ homeownership dreams

In our three-part special report, Money On Our Minds, WTOP takes a close look at the financial situation of millennials in the D.C. area and how they make ends meet, with a focus on student loan debt, homeownership and retirement planning. WASHINGTON — Millennial homeownership is growing. People age 37 and younger made up the […]

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