Open House Blog > The Real Estate Market
The Week in Real Estate
Every Friday, we round up the week’s real-estate news and gossip.
• Here’s a rendering for a new affordable housing project in the U Street corridor. Along Temperance Ave. between 12th and 13th streets, Northwest, the project would be less than a block from the U Street Metro stop. [DC Metrocentric]
• Washington area foreclosures are up 147 percent from a year ago. Wow. [WBJ]
• Plans were approved for a new 13-story mixed-use building in downtown Silver Spring. In addition to retail and office space, the project will feature an “arts plaza” with several three-dimensional sculptures. [DC Mud]
• A report from Pricewaterhouse Coopers and the Urban Land Institute predicts that the commercial real estate market will hit bottom in 2009, and continue to drag throughout 2010. [WBJ]