Check out the local and national real estate trends and headlines that made the news this week.
The real estate headlines from the Washington Post, RealEstateJournal.com, CNN Money, and Bankrate.com dove into the following topics: Loudan County single-sale record, stricter lending practices, calculating tax on home sales, cancellation rates, pricey home markets, the changing demographics of homebuyers, easy upgrades appealing to homebuyers, and flipping.
Washington Post
A Thoroughbred of a Price discusses the record-breaking sale of the Llangollen Farm in western Loudon County for a whopping $22 Million.
Stricter Standards Sought for Lenders, Brokers outlines the top priority of the House Financial Services Commitee this year:
“Enacting a nation wide lending-standards law designed to protect consumers from deceptive, unfair, and predatory lending practices.”
Complexity Adds Up in Figuring Tax on Home Sales is the fourth article in Benny Kass’ series on the tax advantages of homeownership.
RealEstateJournal.com
Builders Look for Housing to Recover in 2007 predicts that the cancellation rates (homebuyers backing out of sales contracts and forfeiting their down payment) should steady of by the 2nd quarter in 2007.
The Year of Listing Patiently points out that pricey homes (over $5 Million) also experienced a slow year.
CNN Money
Real Estate: Who’s Buying Now reveals the changing demographic of the average home buyer according to the National Association of Realtors
Small Projects That Payoff Big outlines five indoor upgrades ranging from easy to moderate designed to make your home more appealing to buyers:
- Tile the Floor
- Paint the Kitchen Cabinets
- Build Bookshelves
- Replace the Dining Room Overhead Fixture
- Add Glass Shower Doors
Bankrate
‘Flipping’ is Not Always a Dirty Word explains how the concept of flipping a house received the negative connotation it carries today.
*To view more real estate news making local and national headlines, please visit the Real Estate News page of The DC Real Estate Guide
