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The Week in Real Estate

Every Friday, we round-up the week’s news and real-estate gossip.

• Lesson learned from this article: “The idea that you’re going to make a lot of money tearing down an old house to build a new one, that’s gone.”  [Christian Science Monitor]

• Thought 2008 was a rough year for real estate? Brace yourself, it’s going to be a bumpy 2009. [WBJ]

• Sort of good news, though: More people are moving to DC than leaving. According to the Washington Business Journal: “On a percentage basis, DC ranks number one among states for net gains.” Take that, New York. [WBJ]

• Plans for the development of the St. Elizabeth Hospital campus have been approved. The site will house the headquarters for the Department of Homeland Security. The current estimate for the project is—cue dramatic score and our best Dr. Evil voice impression—100 billion dollars. Just kidding! The price tag for the project is just $3.4 billion. Just. [WaPo via Housing Complex]
• A roundup of some of the best open houses around town this weekend. [UrbanTurf]

• Interior renderings of the planned Anacostia Library, whose exterior design has sparked some debate among neighborhood residents, have been released. [DCMetrocentric]

• Curious about what might be next for DC in terms of real estate development? Check out this list of potential projects for the new year. [DCmud]

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