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: […]
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 […]
The Best Week To List Your DC Metro Home Is Almost Here
Are you thinking about making a move? If so, now may be the perfect time to start the process. That’s because experts say the best week to list your house is just around the corner. A recent Realtor.com study looked at housing market trends over the past several years (with the exception of 2020, since it was an unusual […]
Metro DC New Construction Homes: Spring’s Potential Game Changer
As the spring real estate market blooms, the spotlight is on Metro DC newly constructed homes which are set to become a serious game changer in the housing market. With a surge in demand, new construction homes offer a beacon of hope amid supply constraints. Addressing Inventory Challenges Newly built homes in Washington DC, Bethesda, […]
What Are Experts Saying About the Spring Housing Market?
If you’re planning to move soon, you might be wondering if there’ll be more homes to choose from, where prices and mortgage rates are headed, and how to navigate today’s market. If so, here’s what the professionals are saying about what’s in store for this season. Odeta Kushi, Deputy Chief Economist, First American: “. . . it seems our general expectation […]
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 […]
DC Metro Area Market Overview-MARCH 2024
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 […]
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 […]
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, […]