Entries by Andrew Goodman

Planning Board to pay $9.6 million for downtown Bethesda properties for new park

By Caitlynn Peetz Published: 3-26-2020 The Montgomery County Planning Board on Thursday agreed to purchase two downtown Bethesda properties to build a new “civic green” across the street from Veterans Park on Woodmont Avenue. The $9.6 million purchase encompasses two lots, 7800 Wisconsin Ave., the former longtime home of Union Hardware, and 7810 Wisconsin Ave., […]

The next financial crisis: A collapse of the mortgage system

By KATY O’DONNELL 03/27/2020 04:52 PM EDT The U.S. mortgage finance system could collapse if the Federal Reserve doesn’t step in with emergency loans to offset a coming wave of missed payments from borrowers crippled by the coronavirus pandemic. Congress did not include relief for the mortgage industry in its $2 trillion rescue package — […]

St. Elmo Avenue project gets Planning Board approval

The Montgomery County Planning Board gave its approval to a downtown Bethesda project that will include 280 apartments and ground-floor retail. Duball and Lenkin Companies received approval in 2018 to redevelop a .7-acre property between Fairmont and St. Elmo avenues, but the developers returned to the county Planning Board last week with an updated plan. […]

Construction begins on $100 million apartment building in Gaithersburg

BY CAITLYNN PEETZ Published: 2/3/2020 Construction on the 182-acre mixed-use Crown community’s second rental-property development is underway. Aventon Cos. recently broke ground on a $100 million, 386-unit apartment building at the corner of Decoverly Drive and Fields Road. The seven-story building is expected to be completed in the fall of 2021, with floor plans ranging from […]

New sites proposed for elementary school in Bethesda area

By Caitlynn Peetz Published: 2/6/2020 Montgomery County Public Schools has released an updated list of potential sites for a new elementary school in the Bethesda area. The recommendations are part of an elementary school capacity study for the Bethesda-Chevy Chase and Walter Johnson high school clusters. Documents posted on the MCPS website show 10 potential new […]

Are low down payment loans really riskier? New research suggests that they’re not

By Steve Cook Published 2/6/2020 Mortgages requiring down payments smaller than 20 percent have never been more popular, especially among first-time buyers. The median down payment by first-time buyers is now 6 percent. In today’s real estate markets, there probably wouldn’t be much of a first-time buyer business if it weren’t for the abundance of low down payment […]

$350 a Month: The Difference a Year Makes in Interest Rates

January 31, 2020 by UrbanTurf Staff The average on a 30-year fixed-rate mortgage dropped to 3.51% this week, the lowest level for these rates in almost three years. “Borrowers who take advantage of these low rates can improve their cash flow by lowering their monthly mortgage payments, giving them more money to spend or save,” Freddie Mac’s […]

A Bill in Montgomery County Aims to Power 50,000 Homes With Solar Energy

by Nena Perry-Brown Published January 22, 2020 A new bill in Montgomery County seeks to power over 50,000 homes with solar energy. County Councilmember Hans Riemer and Council Vice President Tom Hucker introduced ZTA 20-01 this week, a bill to permit community solar farms on up to 2% of the 93,000 acres the county currently has zoned for […]

All About the Views: Bethesda Home Hits the Market for $17.5 Million

By Urban Turf Staff Published January 22, 2020 One of the priciest homes on the market in the DC region also offers some of the best views. 6699 MacArthur Boulevard was listed today for $17.5 million with The Roth Team at Washington Fine Properties. The six-bedroom, ten-bath Bethesda home spreads out over 13,000 square feet, […]