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]
Learn everything you need to know about what maintenance items your home needs now to make it through this upcoming Fall and Winter. [Read More]
Seems counterintuitive, but it’s true! I’ll explain why. Most first-time buyers may not realize that those plastic cards found in wallets may help them buy a home. How’s that you might ask? Because in order to qualify for a loan, your lender needs to see that you have established a “credit history” … and you can’t do that without a credit card. [Read More]
We all love our first home but eventually there comes a point when it’s time to move on. Life changes and so do our needs and wants in a home. When you are ready for a new home but also have one to sell or rent-out, the stakes are much higher. This time around, you’ve got more to think about, plan, and “get right” then when you bought your first home. [Read More]
The DC metro housing market kicked off the fall season with some record high levels for closed sales and prices for the month of September. This good news offsets the decline in new and active listings, continuing the lack of robust inventory for buyers in the DC area. [Read More]
Taking that first step to buy your very first home can be scary and daunting. You want to find a home you will love but also afford. In my four-part “how-to” series for first-time buyers, you’ll learn what to do every step of the way and how to incorporate these strategies with your own to find a home that is “perfect” for your budget and your lifestyle.