White Oak
REAL ESTATE
DC Waldorf Astoria Slated for Foreclosure Sale Again
The Waldorf Astoria in Washington, D.C. is set for auction on August 5, following a canceled sale last month. Alex Cooper Auctioneers will conduct the foreclosure sale for the leasehold interest at 1100 Pennsylvania Ave. NW, according to a notice filed by the lender’s representative. The federal government owns...
Today’s Rental was chosen for the grass and in unit washer/dryer, obviously
This rental is located at Clark Place NW near Q St. at MacArthur Blvd. The Craigslist ad says:. “$2,300 / 1br – 1000ft2 – (4512) Extra-Large, Fully Furnished Studio (Palisades, NW DC) Just $2300 for this licensed and fully furnished, shorter-term (not airbnb) or longer-term executive/corporate housing. This...
D.C.'s small apartments are getting bigger, while suburban units shrink
Data: RentCafe. Chart: Alice Feng/AxiosD.C.'s tiny apartments are getting slightly bigger on average, while units in the 'burbs are shrinking, per a recent report from RentCafe, a rental listing website.Why it matters: As high mortgage rates keep potential homebuyers on the sidelines, many locals are remaining renters in an already expensive market.The big picture: D.C. ranks number seven on the list of U.S. cities with the smallest average size of new apartments, coming in at 744 square feet, according to the report.Reality check: This is actually a (tiny) improvement: D.C. apartments have become 0.7% larger over the last decade when...
Council to Discuss Proposed Housing Development in Autoville
At next week’s meeting, the City Council will discuss the preliminary plan for the subdivision at 9621 Autoville Drive. Donan Enterprises proposes turning the current single-family residence into a modern, multifamily housing complex, bringing much-needed residential options to our community. The proposed development will see the existing house on...
D.C. house-hunters hibernate this summer
Data: Redfin; Chart: Axios VisualsThe saying typically goes "when the fireworks go off, the sales go down" but that's not the case this busy season, DMV agent Russell Brazil tells Axios.Why it matters: DMV housing market activity dried up early this year, with mortgage rates primarily to blame.State of play: As of May, new listings were up 7.4% in the DMV, while pending home sales and closed sales were down 20% and 10.5% respectively, data show.Inventory stats are slightly misleading, Brazil says. There's a surplus of condos on the market, and very few single-family homes or townhouses.What they're saying: Sellers...
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