Tip of the cap to one of the posters on our popular “Washington D.C.” thread (if you live in Washington, you owe it to yourself to check out the discourse on this thread) for spotting this listing on Craigslist. An 830-square-foot apartment in Georgetown where the seller is asking…$707,000! Check out the details below. If someone has a digital camera and can visit this apartment, I’d be happy to post photos on this blog.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.