Whats New?

Real Estate: Inventory in and around DC remains low as many people are refinancing and not moving. This could be a danger to buyers as we go into the Spring Market. If there is nothing to buy, and no new development coming online, prices will go up. Good for sellers but bad for buyers. http://dc.urbanturf.com/articles/blog/february_housing_report_low_inventory_foreclosures/5270

Especially as it seems that the growing economy and lower unemployment means that people who have sat out the past few years may be looking to buy now. http://dc.urbanturf.com/articles/blog/strong_jobs_report_bodes_well_for_housing/5271

Interested in a house? The new App Homesnap will provide you will all the public information on a property, or so it promises. http://www.sawbuck.com/about/pr/120308.aspx

OK as I’ve hopefully said before, I cannot guaranttee anything that I write here. One day the blogs say one thing the next they contradict themselves. Accordingly I had heard the the Central Mission building at 14th/R had to remain a commercial property thus complicating any developers plans because they would need to switch zoning. Now Urbanturf says that it went before HPRB in 2006 and was approved to be condos. I did not know this but don’t doubt because things seem to happen this way pretty quietly. Anyway our local Planning lord Eric Colbert is working his magic on the site but 51 seems like too few condos for a building of that size. http://dc.urbanturf.com/articles/blog/central_union_mission_to_turn_into_51_unit_condo_project/5259

Left for LeDroit has some good posts about the Howard Theater and the public funds that went into making it an amazing project. It still remains untested but I am hopeful it becomes the music center promised http://leftforledroit.com/ They also talk about the new Pizzarro at 4th & Florida. I agree with them and hope it is not yet another pizza place.

As I try and flog public transport options as much as I can, it is interesting to note that the number of people commuting by car from Georgetown is down. 5% fewer residents drove to work. That is based on a 5 year average but that was a 5% drop from the 2005-9 average = 40% to the 2006-10 average = 35% and a drop of 11% from 2000. It’s god to know that so many people are changing their ways to improve communities. http://georgetownmetropolitan.com/2012/03/09/georgetowners-continue-to-get-to-work-more-and-more-without-driving/

In a nod to urban planning, the long awaited Rhode Island Row development around the Rhode Is Red line station is delivering. I thought this was a good use of empty space in an area that could use more residential development: http://dcmud.blogspot.com/2012/03/today-in-pictures-rhode-island-row.html

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