It’s only February, but the demand for homes in Chevy Chase, Bethesda, and the surrounding D.C. area is warming up! In fact, our spring housing market may have an early thaw. This presents some opportunities, as well as challenges, for home buyers! Mortgage Rates Rise, Mortgage Rules Change While mortgage rates remain very reasonable, they have […]
Let’s take a look at the real estate market. Currently there are 7 sales pending in the market overall, leaving 40 listings still for sale. The resulting pending ratio is 14.9% (7 divided by 47). So you might be asking yourself, that’s great… but what exactly does it mean? I’m glad you asked! The pending […]
What direction will home prices take in the DC Metro suburbs during 2013? To give you an idea which way the wind is blowing, let’s start with a look at how Chevy Chase home sales stood at the end of 2012! We will then look forward to projections for 2013! Chevy Chase Real Estate Recap for […]
If you’re interested in entering the Chevy Chase, MD real estate market as either a home buyer or a home seller, please contact me, Melinda Estridge and my team of Montgomery County REALTORS at the Estridge Group for expert advice and practical tools.
A number of Chevy Chase homeowners are thinking of selling their homes during 2013, but why wait? There are motivated home buyers in the Chevy Chase real estate market today! Here are a few tips you should know about holiday home selling! Home Buying Deadlines in Chevy Chase Corporate relocations, new employment, and military transfers […]
Home buyers have a bit of good news: down payment amounts are beginning to decrease. While mortgage underwriting guidelines have not changed, the trend of lower down payments could be a sign of improving lending environments. Here are the numbers, per RISMedia: The median down payment amount during 2010 and 2011 was 11%. First-time buyers […]
Analysis of sold properties on the Chevy Chase, Maryland real estate market for the last six months reveals an average sold price of $1,269,793 and 43 days on market. Notice that properties in the $3.3M – $3.6M price range have sold quickest over the last six months.
Watching the national real estate market can give us clues about potential housing trends in Chevy Chase. Here are some recent insights from the National Association of Home Builders (NAHB). Sales of newly built, single-family homes rose 5.7 percent to a seasonally adjusted annual rate of 389,000 units in September, according to home data from […]
Just as with the nearby Bethesda housing market, the Chevy Chase real estate market appears to be experiencing a somewhat slow period in terms of home sales. This may just be credited to seasonal change since real estate activity tends to be slower in the fall and winter. Or it may be a sign of something else. Either way, now is a great time to be a Chevy Chase home buyer.
When it comes right down to it, customer satisfaction is the name of the game in the real estate business. As a member of the Top 5 Advisory Board, I know the importance of efficiency and making sure my clients, whether they are home buyers or home sellers, get just what they want. Top 5 […]
