If you’re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here’s what the professionals are saying about what’s in store for this season. Odeta Kushi, Deputy Chief Economist, First American: “. . . it seems our general expectation […]
Category Archives: DC Metro Market Trends
Crafting a Competitive Offer: 4 Essential Tips for Maryland Home Buyers
In the quest to secure your dream home in Chevy Chase, Bethesda, and the surrounding areas, crafting a strong offer is a key part of the process. Here are four key tips to ensure your offer stands out in a competitive Maryland real estate market: Know Your Budget: Before making an offer, determine your budget […]
Does It Make Sense to Buy a Home Right Now?
Thinking about buying a home? If so, you’re probably wondering: should I buy now or wait? Nobody can make that decision for you, but here’s some information that can help you decide. What’s Next for Home Prices? Each quarter, Fannie Mae and Pulsenomics publish the results of the Home Price Expectations Survey (HPES). It asks more than 100 experts—economists, real estate professionals, and […]
What You Should Know as a First-Time Home Buyer in Metro DC
Purchasing your first home in the DC Metro is a significant milestone, marking a new chapter in your life. However, navigating the complex world of real estate can be daunting. To help ease your journey towards homeownership, here are some essential tips for first-time homebuyers. Set a Realistic Budget: Determine how much you can comfortably […]
The Truth About Down Payments
If you’re planning to buy your first home, saving up for all the costs involved can feel daunting, especially when it comes to the down payment. That might be because you’ve heard you need to save 20% of the home’s price to put down. Well, that isn’t necessarily the case. Unless specified by your loan type or lender, […]
Don’t Let the Latest Home Price Headlines Confuse You
Based on what you’re hearing in the news about home prices, you may be worried they’re falling. But here’s the thing. The headlines aren’t giving you the full picture. If you look at the national data for 2023, home prices actually showed positive growth for the year. While this varies by market, and while there were some months with slight […]
Home Equity Can Be a Game Changer When You Sell
Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains: “Home equity is the difference between your home’s value and the amount you still owe on […]
Should I Move to a DC Metro Condo or Townhome?
Downsizing, whether due to empty nesting or seeking a simpler lifestyle, often prompts the question: Should I move to a condo or a townhome? Both options offer low-maintenance living, but understanding the nuances can help you make the right choice as you embark on this new chapter in your homeowner journey. Condo Living Condo living […]
Avoid These Common Mistakes After Applying for a Metro DC Mortgage
If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s a list of things […]
Why Older Metro DC Homes Might Be More Appealing to Buyers
For homebuyers in Maryland, DC, and Northern Virginia today, there are many choices associated with local real estate. From when to buy or when to sell, which mortgage type is best and which community is the best fit, there is also one other important question homebuyers must ask themselves— new construction or existing? The prices […]