Over the past year or so, a lot of people have been talking about how tough it is to buy a home. And while there’s no arguing affordability is still tight, there are signs it’s starting to get a bit better and may improve even more throughout the year. Elijah de la Campa, Senior Economist at Redfin, says: […]
Tag Archives: DC Metro
Should I Wait for Mortgage Rates To Come Down Before I Move?
If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you. In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll […]
Metro DC New Construction Homes: Spring’s Potential Game Changer
As the spring real estate market blooms, the spotlight is on Metro DC newly constructed homes which are set to become a serious game changer in the housing market. With a surge in demand, new construction homes offer a beacon of hope amid supply constraints. Addressing Inventory Challenges Newly built homes in Washington DC, Bethesda, […]
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 […]
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, […]
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 […]
Where are Home Prices Going in the Next Five Years?
The real estate market is ever-changing, and staying informed about its future trends is crucial for both DC area buyers and sellers. The recent Home Price Expectation Survey (HPES) from Pulsenomics offers valuable insights into what we can expect. Below, we’ll break down the key points from the study to give you a clear understanding of […]
Unlocking Your DC Metro Home Equity: 4 Smart Ways to Use It
Your DC Metro home equity is a valuable asset that can be used for numerous financial opportunities. Whether you’re looking to enhance your home, fund major expenses, or invest in your future, your home equity can play a major role in achieving your goals. Below, let’s explore four smart ways you can use your home […]
Common Bethesda and Chevy Chase Home Buying Excuses
Buying a home in Bethesda or Chevy Chase is a significant step, often followed by a mix of excitement and fear. Many potential DC area buyers are held back by common misconceptions that may not hold true in today’s real estate market. Let’s debunk four of these misconceptions to help you make a more informed […]
The Power of Home Equity for DC Metro Home Sellers
Equity is often described as the golden key that unlocks a world of possibilities for homeowners. As the real estate landscape continues to evolve in the DC Metro, the significance of equity has become even more apparent, especially for those considering selling their DC area homes. Let’s dive into how equity can be a game […]