A flourishing Washington, D.C., neighborhood has seen an explosion of apartment building that may offer lessons in how to address the nation’s housing crisis, said The Economist. Once known as Swampoodle and now called NoMa, the area a little north of the Capitol “has added more new apartment units since 2017” than any other ZIP code in the U.S., according to data from Yardi, a real estate software company.” Get off the Washington metro there, and you’ll be “barraged by ‘Now Leasing’ signs boasting rooftop pools, full-featured gyms, and one-month-free rental offers.” Prices in Washington aren’t exactly cheap, but they are “at least less exorbitant than East Coast peers like New York or Boston.”
The bad news for just about everyone who thinks about housing is that interest rate cuts are not coming to homebuyers’ rescue, said Sydney Lake in Fortune. Historically low mortgage rates during the pandemic—some…..