Home Demand Map Demand for homes was strongest in Arlington County and Falls Church City with a Moderate level of buyer interest. Demand was Steady in Alexandria City and Slow or Limited in the other metro area counties. Buyer interest was Steady in the Maryland-West Virginia Panhandle area, Slow in Southern Maryland and Limited in […]
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, […]
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 […]
Home Equity Can Be a Game Changer When You Sell
Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains: “Home equity is the difference between your home’s value and the amount you still owe on […]
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 […]
What to Do When Your Metro DC Home Isn’t Selling
If your Metro DC home is currently on the market without any promising offers yet, you might find yourself growing increasingly frustrated as time goes on. It’s a common scenario for many area home sellers that can be understandably disheartening, but don’t worry too much! There are several proactive steps you can take to breathe […]
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 Older Metro DC Homes Might Be More Appealing to Buyers
For homebuyers in Maryland, DC, and Northern Virginia today, there are many choices associated with local real estate. From when to buy or when to sell, which mortgage type is best and which community is the best fit, there is also one other important question homebuyers must ask themselves— new construction or existing? The prices […]
How to Go Green in Your Bethesda Home
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 […]