Tag: Real Estate News

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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