REAL ESTATE MARKET UPDATES

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 […]

Short Sale Expectations for Luxury Homes

  There are very few short sales of luxury homes in the DC real estate market compared to other parts of the U.S. but they do come along on occasion.  However, 2012 is projected to see greatly increased short sale activity throughout the nation.   In 2011, short sales were in short supply due to the robot-signing legal […]

Q1 2012 D.C. Metro Home Prices Trend Higher

  The market continues to improve with rising median home sales prices in many areas of the U.S. led by Phoenix, Miami, Tampa, Richmond and Washington D.C. according to statistics published in May by Clear Capital for the period Q1 2012 compared to Q4 2011.  The Washington, DC/Arlington, VA/Alexandria,VA market showed a price increase of 3.6%, […]

The Real Estate Market Really IS Recovering…

Just ask some of the leading economists about the current state of the real estate market and where it is heading.  According to the National Association of Realtors (NAR) Existing Sales Report released last week. sales were down 2.6% from the previous month. However, the monthly variations are not what determines where the market is going in […]