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Selling Real Estate in Washington, DC

News, Tips & Advice for Washington, DC Real Estate Sellers

Jan 03

Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data

January 3, 2013 By Leave a Comment
Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data

Mortgage rates moved higher Wednesday up congressional leaders voted to avoid the "Fiscal Cliff". Mortgage-backed securities (MBS) fell as investors bid up stock prices. Confidence among investors and consumers typically causes mortgage rates to rise. That's what happened Wednesday. For Thursday and Friday, expect jobs data to dictate where District of Columbia mortgage rates are headed. The Federal Reserve has said that the national Unemployment Rate will dictate future monetary … [Read more...]

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Dec 19

Homebuilder Confidence Rises For 9th Straight Month

December 19, 2012 By Leave a Comment
Homebuilder Confidence Rises For 9th Straight Month

The National Association of Home Builders (NAHB) released its Housing Market Index (HMI), showing another monthly gain -- its ninth in a row. The HMI -- a gauge of homebuilder confidence -- rose 1 point to 47 in December 2012, lifting the index to its highest levels since April 2006. Readings under 50 indicate unfavorable housing conditions for builders. Readings over 50 signal "good" conditions. Coincidentally, the last time that the HMI read above 50 was April 2006, too. The Housing … [Read more...]

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Nov 30

Pending Home Sales Index Leaps To Multi-Year High

November 30, 2012 By Leave a Comment
Pending Home Sales Index Leaps To Multi-Year High

Homes were sold at a furious pace last month. According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8. It's a 5-point improvement from September's revised figure and the highest reading April 2010 -- the last month of that year's federal home buyer tax credit. October also marks the 18th consecutive month during which the index showed year-to-year gains. As a housing … [Read more...]

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Nov 26

Simple, Inexpensive Ways To Prep Your Home For Sale

November 26, 2012 By Leave a Comment
home-staging-tips

When DC homeowners get ready to list, advice will often come from all corners of their personal and social network -- what within the home to upgrade; what to repair; what to replace. And, although some advice remains valuable, much of it can be ignored. The costs of an expensive upgrade are rarely recouped at the time of sale and studies show that smaller, simpler actions can yield a bigger return on your investment of time and money. Here are four inexpensive, yet highly effective, … [Read more...]

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Nov 13

When It Pays To Refinance Your Mortgage — Literally

November 13, 2012 By Leave a Comment
refinancing-text

To refinance a mortgage means to pay off your existing loan and replace it with a new one. There are many reasons why homeowners opt to refinance, from obtaining a lower interest rate, to shortening the term of the loan, to switching mortgage loan types, to tapping into home equity. Each has its considerations. Lower Your Mortgage Rate Among the best reasons to refinance is to get access to lower mortgage rates. There is no "rule of thumb" that says how far rates should drop for a … [Read more...]

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Nov 09

For November : Home Maintenance To-Do List

November 9, 2012 By Leave a Comment
seasonal-home-maintenance

The calendar has turned to November; the month during which we transition from fall into winter. With less sunlight, colder temperatures, and shorter days ahead for DC , it's an opportune time to cross those last-minute maintenance items off your homeowner to-do list. Practicing preventive care -- both inside and outside your home -- can save thousands of dollars in repairs come later this winter. What follows is a brief checklist to get you started. For outside the home : Inspect … [Read more...]

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Oct 30

Pending Home Sales Index Suggests Housing Momentum Into 2013

October 30, 2012 By Leave a Comment
Pending Home Sales Index

The home resales is expected to finish the year with strength. Last month, for the fifth straight month, the Pending Home Sales Index hovered near its benchmark value of 100, registering 99.5 in September. The Pending Home Sales Index tracks homes under contract to sell, but not yet sold, and is published by the National Association of REALTORS®. The index is a relative one. It compares today's housing market activity to the housing market activity of 2001 -- the index's first year of … [Read more...]

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Oct 26

New Home Supply Remains Firmly In “Seller’s Market” Territory

October 26, 2012 By Leave a Comment
New Home Supply Remains Firmly In "Seller's Market" Territory

The U.S. housing market appears headed for a strong close to 2012. According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis. Not since the expiration of the $8,000 federal home buyer tax credit in April 2010 have new homes sold at such volumes. September's tally marks a 5.7 percent increase from the month prior, and a 27 percent increase from September 2011. There are now just 145,000 new homes … [Read more...]

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Oct 24

Home Supplies Drop To Multi-Year Low

October 24, 2012 By Leave a Comment
Home Supplies Drop to Multi-Year Low

As the third quarter closed, home resales showed considerable momentum nationwide. The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago. An "existing home" is a home that's been previously occupied; a resale. The reading marks the second-highest tally of the year -- second only to August 2012 when 4.83 million homes were sold on a … [Read more...]

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Oct 18

Single-Family Housing Starts Rise To 4-Year High

October 18, 2012 By Leave a Comment
Single-Family Housing Starts Rise To 4-Year High

The housing market continues to improve. According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years. A "housing start" is a home on which construction has started and home builders are breaking ground at rates not seen even during the 2010 federal home buyer tax credit period. It's a signal to home buyers throughout … [Read more...]

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