Network News

X My Profile
View More Activity

Local Address: February 28, 2010 - March 6, 2010

A home price bounce? And the Weekend Poll.

Home values in the greater Washington area, which the census defines as extending practically from the Chesapeake Bay to the Shenandoah mountains, are in for quite the price bounce, according to a forecast by financial services company Fiserv for CBS Marketwatch. It's the kind of bounce, though, that starts with a steep decline.

By Elizabeth Razzi  |  March 5, 2010; 5:21 PM ET  |  Permalink  |  Comments (0)
Categories:  Poll , Selling , The market , Weekend Poll  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

Flood insurance hiatus not likely to delay home closings

The National Flood Insurance Program is in suspended animation, starting March 1, thanks to congressional wrangling over legislation that would reauthorize it. The Post's Federal Eye blogger, Ed O'Keefe, explains the legislative drama, which is expected to be resolved within a few days. For home buyers and owners, it means the only source of flood insurance is temporarily unavailable. I asked Tim Wilson, president of affiliated businesses for Long & Foster, which includes a title company and two mortgage companies, if the holdup would delay real estate closings. "If FEMA shuts down for a few days, I think it would have very little impact," he said.

By Elizabeth Razzi  |  March 1, 2010; 1:32 PM ET  |  Permalink  |  Comments (4)
Categories:  Buying , Insurance  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz  

 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company