While you may be watching mortgage rates rise (the average 30-year fixed rate currently hovering around 7 percent) and the number of homes to choose from on the lower end, there is one important concept to consider— buying a home in Metro DC is still a better investment than renting. We know that buying a […]
In our last blog post, we shared how you can save money when buying a home in Metro DC— including tips on getting a low down payment and browsing foreclosures, auctions, and short sales. But there are more ways to make your dollar stretch even further when buying homes in the DMV and we’re sharing […]
You may be watching both home prices and mortgage rates tick upwards in today’s unpredictable real estate market, wondering if buying a home right now is your best bet. While it may be an expensive endeavor, your goal of owning a home in Bethesda, Chevy Chase, Washington DC, or Northern Virginia is not out of […]
So, you think you want to buy a fixer upper home in Bethesda, Chevy Chase, Washington DC, or Northern Virginia? While your dreams of renovating a property may be driven by what you’ve seen on real estate or home improvement television shows, it’s important to remember that the reality of updating a home from start […]
Tax season is upon us and this year, the filing deadline is April 18. The deadline was pushedback since April 15 falls on a Saturday this year and Emancipation Day will be observed onMonday, April 17. As you prepare your 2022 taxes, here are a few housing-related items tokeep in mind. Home interest deductions. Mortgages […]
While you may still be in full winter mode, the spring real estate market will be here before we know it in Bethesda, Chevy Chase, Washington DC, and the surrounding areas. Soon a wave of potential buyers will take to searching for their perfect property as the weather starts to turn around. Not only do […]
As a buyer in Washington DC, Bethesda, Chevy Chase, and and Northern Virginia, it is essential to consider all costs association with your new home. Everything from maintenance to renovation, repairs and closing costs should be factored in to ensure that you do not have any surprises or worries down the road. But if you’re […]
Homebuyers in today’s real estate market may have fewer properties to choose from than they have in the past, but they do have two important choices— existing home or new construction. Existing, as you may have guessed, are lived-in homes while new construction offers the option to be the first owner, occupant and at times, […]
Demand for homes was strongest in Arlington County and Alexandria City in December although the Index was in the Slow range. Buyer interest was Limited in the other counties in the metro area. The Index decreased over the month in each Washington Metro area county. Demand was Slow in the Southern Maryland and Maryland-West Virginia […]
The Bright MLS | T3 Home Demand Index for the Washington Metro area fell 8.2 percent in August to 101, reflecting a Steady pace of demand. The Index had been in the Moderate range for the previous five months and was slightly more than 17 percent lower than the same month one year earlier.The market […]