The DC area’s housing market received a holiday gift that’s never been seen before – the highest December median sales price ever on record at $410,000. It was an appropriate high note to end 2016, which overall was a strong and robust housing market for the metro area. [Read More]
If you plan to put “buying a home” at the top of your resolution list, then you need to start pre-planning now to jump start the home-buying process, especially if you want a home by springtime. Plus, there are predictions that mortgage rates may increase as the year progresses. [Read More]
Start off 2017 with a resolution to take better care of your home. I can make it much easier for you with my helpful series, “Your Home’s To-Do List.” My series will spotlight what tasks you should tackle at certain times of the year to make sure your home is well-maintained. Remember, that a well-cared for home is more likely to retain its value and avoid costly disasters. [Read More]
If you’re a first-time buyer looking in the District, then 2017 will definitely be a Happy New Year — buying a home just got more affordable! DC Mayor Muriel Bowser announced improvements to several housing programs that help newbie buyers purchase a home. These enhancements took effect on January 1. [Read More]
Last week the Federal Reserve raised a key interest rate for the first time in a year – the short-term interest rate was increased a quarter-point to a range of 0.5% and 0.75%. Increasing the rate does signal that the overall economy is stronger and the Fed has more confidence in it, so that is good news. However, this short-term rate impacts long-term interest rates for consumer borrowing, including credit cards, savings accounts, and, of course, mortgages.
November is traditionally the month where we all give thanks, and it didn’t disappoint when it came to recent housing stats! Buyers and sellers in the DC metro have lots to be “thankful” for with last month’s robust and busy housing market. Despite lower inventory levels, increasing home prices and a record-number of closed sales top the list of positive signs November’s housing market. Buyers were quick to make offers and the month kept a steady pace of activity throughout. [Read More]
It’s that time of year when the “hustle and bustle” of the holidays begins in full force. You may feel like your to-do lists for decorating, shopping, and baking will never end! I want you to have a safe and happy holiday season and that’s why I have one more “must-read” list that you should NOT skip: My handy guide to keep your home hazard-free for you, your family, and any guests. [Read More]
The holiday season just kicked off with one gift that homebuyers are going to love all next year — an increase in the DC metro’s conforming loan limit from $625,500 to $636,150. The Federal Housing Finance Agency (FHFA) increased the national conforming loan limits for the first time since 2006, including a bump in baseline limits from $417,000 to $424,100 for many other U.S. markets. [Read More]