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Sep 25

Existing Home Sales Leap To 2-Year High

September 25, 2012 By 1 Comment
Existing Home Sales Leap To 2-Year High

The home resale market put forth another strong data set last week. Home sales prices are higher nationwide and sales volume has moved to a 2-year high. According to the National Association of REALTORS®, 4.82 million "existing homes" sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011. An existing home is a home which has been previously occupied. Home sales were unevenly … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: , , , , , , , , , , , , ,
Sep 06

Case-Shiller Index Shows Huge Home Price Gain

September 6, 2012 By Leave a Comment
Case-Shiller Index Shows Huge Home Price Gain

Home prices continue to rise nationwide. According to the Standard & Poor's Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker's 1987 inception and another signal that the housing market is in recovery. The private-sector metric's results are similar to what the government's Home Price Index showed for June, too -- values rising quickly. In addition, for the second straight month, … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: , , , , , , , , , ,
May 21

America’s 10 Richest Counties

May 21, 2012 By Leave a Comment

There are 3,033 counties in the United States. Which 10 are the richest in terms of median household income? Not surprisingly, those near major economic centers rank high. In a study based on household income estimates from the Census Bureau's American Community Survey, Loudoun County, Virginia captures the number one spot in America's Richest Counties. Loudoun County is a Washington, D.C. suburb and is home to Dulles International Airport, as well as a well-educated workforce. The … [Read more...]

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Apr 13

Mortgage Rates Fall For Third Straight Week

April 13, 2012 By Leave a Comment
Mortgage Rates Fall for Third Week

After a brief surge north of 4 percent last month, mortgage rates have settled down, near their lowest levels of all-time. According to Freddie Mac's weekly Primary Mortgage Market Survey, for applicants willing to pay 0.7 discount points plus a complete set of closing costs, the average 30-year fixed rate mortgage rate fell to 3.88 percent this week. 0.7 discount points adds $700 to your mortgage closing costs for each $100,000 borrowed. Mortgage rates are down this week on "safe … [Read more...]

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Apr 12

What $300k Buys You in Logan Circle, Washington DC

April 12, 2012 By Leave a Comment
1239 Vermont Ave NW #601

In Washington DC, we have a sellers' market.  Inventory is down and prices are up.  This week, we're taking a look at Logan Circle.  With dozens of restaurants and shops, Logan Circle has become one of DC's most sought-after neighborhoods. So what does Logan Circle have to offer the first-time homebuyer with a budget of $300k?  Today, not much.  Currently, only five properties are being offered in Logan Circle at this price point. Let's take a look. 1239 Vermont Ave NW #601 - … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Neighborhood News Tagged With: , , , , , , , , , , ,
Jan 25

A Simple Explanation Of The Federal Reserve Statement (January 25, 2012)

January 25, 2012 By 3 Comments

Wednesday, the Federal Reserve's Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. The Fed Funds Rate has been near zero percent since December 2008. For the third consecutive month, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member dissented in the 9-1 vote, objecting only to the language used in the Fed's official statement. In its press release, the Federal Reserve noted that the the U.S. … [Read more...]

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Jan 04

Housing And Mortgage : The Experts Make Their 2012 Predictions

January 4, 2012 By 1 Comment

As the new year begins, there are no shortage of stories telling us what to expect in 2012. Housing finished 2011 with momentum and mortgage rates closed at the lowest rates of all time. Some expect those trends to continue through the first quarter and beyond. Others expect a rapid reversal. Who's right and who's wrong? A quick look through the newspapers, websites and business television programs reveals "experts" with opposing, well-delivered arguments views. It's tough to know who to … [Read more...]

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