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: homebuying tips
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 […]
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 […]
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 […]
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 Pre-Approval Is Your Homebuying Game Changer
If you’re thinking about buying a home, pre-approval is a crucial part of the process you definitely don’t want to skip. So, before you start picturing yourself in your new living room or dining on your future all-season patio, be sure you’re working with a trusted lender to prioritize this essential step. Here’s why. While home […]
Red Flags to Watch for When House Hunting in Metro DC
As winter blankets the DC Metro real estate market with a serene layer of snow, house hunters brave the cold in search of their dream home. While the winter months can offer unique advantages, such as less competition and potentially lower prices, it’s crucial to be vigilant and identify potential red flags during your winter […]
Explaining Today’s Low Housing Supply in Metro DC
The housing market has been a hot topic lately, and for good reason. A recent infographic by Keeping Current Matters sheds light on the low housing supply dilemma happy in both Metro DC and around the country. In a nutshell, the current housing supply shortage is driven by several factors: High Demand A surge in […]