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The Week in Real Estate

A round-up of real-estate news and gossip you may have missed during the week.

• A $75-billion mortgage-relief program aimed at stabilizing the housing market was presented by President Obama . . . [AP]

• . . . and not a minute too soon: condo and home sales in the District were significantly lower this past month than they were back in December.

• The Architecture Billing Index, which is used to determine future nonresidential construction activity, is also down after a modest recovery in December. [WBJ]

Pictures of what Rosslyn’s skyline will look like once construction on a number of projects is completed give us high-rise envy. [DCMetrocentric]

Speaking of high-rises, the last of four office buildings in the Towers Crescent development in the Tysons Corner area is nearing completion, and the developers are pushing forward with plans to construct three additional residential buildings. [DCmud]

DC’s Department of Housing and Community Development has released the names of the people who purchased property during the city’s vacant-property auction last month. [Housing Complex]

Talk about the possibility of a Metro stop at Potomac Yards continued this week. Will it ever happen? Stay tuned.
[Greater Greater Washington]

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