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 c...
Real Estate Market Trends
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...
Interest Rates 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 ...
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...
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 summarizi...
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 restrictio...
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 nati...
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...
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 t...
DC Area Market Update – March 2012
DC AREA HOME PRICES RISE 7.8% OVER PRIOR YEAR!
Low inventory plus high contract levels are consistent with the last few months but a serious rise in the median home price was startling, rising 7.8% versus one year ago. RealEstate Business Inte...