REAL ESTATE MARKET UPDATES

Best Time to Buy your Dream Home…

Don’t miss what could be a great time to buy that dream home you have been considering.   With a strengthening economy, rising home prices and historically low interest rates, it could be the best time to buy a luxury home in Washington D.C. for the foreseeable future. Now that the housing market has stabilized, more […]

5 Real Estate Predictions for 2015

Expect the home-purchase market to strengthen along with the economy in 2015, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for November.”The good news for 2015 is that the U.S. economy appears well-poised to sustain about a 3 percent growth rate in 2015 — only the second year in the past decade with […]

Harvard’s 5 Financial Reasons to Buy a Home

“Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value of their homes by a leverage factor. Even a hefty 20 percent down payment results in a leverage factor of five so that every percentage point …

Best Time to Buy … AND Sell?

Money Magazine: Buy Now not Later Is now the best time to buy … AND sell?  You might find this confusing but it is actually quite logical.  The cost of borrowing is going to go up as interest rates rise  I don’t know of a single financial or real estate expert who doesn’t agree on […]

New Regulations Affecting Future Home Mortgages

The mortgage industry faced tremendous change this year with new regulations coming into effect under the Dodd-Frank Wall Street Reform & Consumer Protection Act. Everything from loan terms and closing fees to mortgage underwriting and servicing procedures was affected, and there was significant concern in the real estate and financial services industries as to how these […]

Regional Home Sales Update – Q4 2013

Homes sales are up in three of the four US regions. The question industry experts are asking is how much the lack of inventory is affecting the sales potential. Here in the Washington DC area, which is technically the South but on the line with the Northeast … any agent will tell you that they […]

Interest Rates to Rise in 2014

Interest Rates Expected to Rise in 2014 One of the reasons the housing market has rebounded is attributed to the historically low interest rates.   Long term mortgage rates will likely climb assuming the Fed cuts back on bond purchases.  With the the transition of Ben Bernanke to the new Fed Chairman Janet Yellen, it […]

Lending Standards Easing

In a recent story on MSN Money titled, Mortgage Borrowing Is Getting Easier, it was revealed that: “Credit is not raining down on would-be borrowers, but it will be a bit more accessible this year.”  The article bases it findings on the Federal Reserve’s January Survey of Loan Officers. Dan Greene of the Daily Mortgage […]

Current Market Trend Watch

LOCAL MARKET WATCH VIDEO UPDATES Keeping current with Washington DC real estate trends is important if you are thinking about buying or selling a home in the area.  Here are a series of current videos using data compiled from MRIS summarizing the local market conditions in the Washington, D.C. real estate market along with  the […]

Median Prices Up 7.3% Nationwide in Q2

The following data includes but is not specific to the Washington DC metro area.  It is nonetheless very important to our local market.  As the real estate market strengthens nationwide, the hope is that lenders will loosen the lending restrictions a bit that have kept many prospective buyers out of the market. Single family home […]