Have you thought about using your home for a short-term rental through Airbnb, HomeAway or through VRBO (Vacation Rentals By Owner)? [Read More]
The Fed rate just went up 0.25% and that could mean mortgage interest rates will follow. Even though the Federal fund rate is not linked directly to mortgage interest rates, its movement can impact mortgage rate fluctuations. [Read More]
The DC metro market turned up the heat in February with decade highs for median sales price, closed sales, and pending sales. The record-breaking warm (even hot!) temperatures for the month may have lured homebuyers out of hibernation, who quickly snapped up those homes on the market.
Many people feel the student loan debt pinch when it comes to buying a home. One reason many people put off their home search is because they think they won’t be able to buy anything with the amount of student loans they have to repay. [Read More]
Buying or selling in the DC metro market requires an understanding of not only the seasonal shifts in market activity but also the weekly flow of the market. [Read More]
The mild weather across the DC metro region last month could have helped play a role in the decade high numbers seen in the housing market. Both sellers and buyers were not snowbound this year and could actually connect and settle, making it a record January for both closed and pending sales.
When you buy a home these days, you don’t need to put 20% down. That’s great news for many of you! So don’t feel like you have to pull out all the stops and liquidate everything to make a down payment. But, if you do want to put more down than you currently have and you don’t want to get help from family, then here’s another option to consider: You can borrow from yourself if you have a 401k plan.