Washington DC Real Estate : Where We Live

This D.C. house is for the kids and hoop dreamers

by Kathy Orton
Fri, 26 Feb 2021 10:30:00 +0000

HOUSE OF THE WEEK| The five-bedroom, seven-bathroom, 9,100-square-foot house has a multisport court with a basketball hoop and stadium seating.

https://www.washingtonpost.com/realestate/a-newly-built-house-that-is-roomy-and-kid-friendly-in-northwest-washington/2021/02/25/ef86caf8-7455-11eb-948d-19472e683521_story.html

Mortgage rates surge higher for second week in a row

by Kathy Orton
Thu, 25 Feb 2021 15:01:09 +0000

The 30-year fixed-rate average has risen nearly a quarter of a percentage point the past two weeks and now stands at 2.97 percent.

https://www.washingtonpost.com/business/2021/02/25/mortgage-rates-surge-higher-second-week-row/

BOA expands down-payment assistance program for home buyers with moderate incomes

by Michele Lerner
Thu, 25 Feb 2021 10:30:38 +0000

TOWN SQUARE | When Bank of America's two grant programs are used together, home buyers receive an average of $14,000 to help with their home purchase.

https://www.washingtonpost.com/business/2021/02/25/boa-expands-down-payment-assistance-program-home-buyers-with-moderate-incomes/

How to find a qualified home inspector

by Ilyce Glink and Samuel J. Tamkin
Wed, 24 Feb 2021 11:00:47 +0000

REAL ESTATE MATTERS | The buyer should ask for copies of recent inspection reports to review. The report should be easy to read, and it should describe the reason for each repair recommendation.

https://www.washingtonpost.com/business/2021/02/24/how-find-qualified-home-inspector/

Capitol Hill co-living apartment switches gears for the pandemic

by Michele Lerner
Wed, 24 Feb 2021 10:30:29 +0000

TOWN SQUARE | While the developers maintained the floor plans as designed, they hired a landscape architect to create more outdoor communal areas, such as a kitchen.

https://www.washingtonpost.com/business/2021/02/24/capitol-hill-co-living-apartment-switches-gears-pandemic/

Contemporary townhouses in a convenient Md. location

by Scott Sowers
Tue, 23 Feb 2021 13:00:00 +0000

BUYING NEW | EYA is building 48 units near a shopping center and a regional park in Cabin John.

https://www.washingtonpost.com/realestate/contemporary-townhouses-in-a-convenient-md-location/2021/02/22/4e8f6856-70a1-11eb-85fa-e0ccb3660358_story.html

Should you remove the foam insulation in a basement renovation?

by Tim Carter
Tue, 23 Feb 2021 10:30:52 +0000

ASK THE BUILDER | For Pete’s sake, don’t tear any of that insulation off the walls! The previous owners were wise and made a fantastic investment by putting all that foam on the frigid poured concrete walls.

https://www.washingtonpost.com/business/2021/02/23/should-you-remove-foam-insulation-basement-renovation/

How your neighbors’ delinquent dues can derail your condo sale

by Michele Lerner
Tue, 23 Feb 2021 10:30:24 +0000

TOWN SQUARE | You can avoid trouble when selling or buying a condo by finding out how many owners are delinquent with dues.

https://www.washingtonpost.com/business/2021/02/23/how-your-neighbors-delinquent-dues-can-derail-your-condo-sale/

How to find a rock-solid mason for your home

by Kevin Brasler
Mon, 22 Feb 2021 14:00:39 +0000

Is the job straightforward, like repairing or replacing a chimney, redoing a concrete walkway or rebuilding a small stone wall? You can spec out the job with a contractor, who should be able to draw up a simple rendering.

https://www.washingtonpost.com/business/2021/02/22/how-find-rock-solid-mason-your-home/

How to come clean to your local government about your illegal home addition

by Ilyce Glink and Samuel J. Tamkin
Mon, 22 Feb 2021 11:00:37 +0000

REAL ESTATE MATTERS | You might need to hire an architect to review the work completed, draw up plans for the work as it was completed, then consult with that architect or a municipal law attorney to determine how to approach the municipality about getting the permits and rectifying your situation.

https://www.washingtonpost.com/business/2021/02/22/how-come-clean-with-your-local-government-about-your-illegal-home-addition/

Two-bedroom, two-bathroom condo in Silver Spring, Md., lists for $375,000

by Michele Lerner
Mon, 22 Feb 2021 10:30:00 +0000

AFFORDABLE HOME OF THE WEEK | The open kitchen has quartz counters, stainless-steel appliances and a mosaic glass backsplash.

https://www.washingtonpost.com/business/2021/02/22/two-bedroom-two-bathroom-condo-silver-spring-md-lists-375000/

Former senator Claire McCaskill is selling her CityCenter penthouse

by Kathy Orton
Fri, 19 Feb 2021 10:30:00 +0000

HOUSE OF THE WEEK | The two-bedroom, three-bathrooms condo has a three-level, 1,000-square-foot terrace with a gas firepit and gas grill.

https://www.washingtonpost.com/realestate/former-senator-claire-mccaskill-is-selling-her-citycenter-penthouse/2021/02/18/fe252b4e-6af6-11eb-9ead-673168d5b874_story.html

Mortgage rates shoot up to highest levels since mid-November

by Kathy Orton
Thu, 18 Feb 2021 15:21:08 +0000

The 30-year fixed-rate average climbed to 2.81 percent, its highest level since mid-November.

https://www.washingtonpost.com/business/2021/02/18/mortgage-rates-shoot-up-highest-levels-since-mid-november/

Study: Rent debt concentrated among minority tenants

by Michele Lerner
Thu, 18 Feb 2021 10:30:02 +0000

TOWN SQUARE | A new report found that 53 percent of Black renters have unpaid housing bills, compared with 38 percent of Hispanic renters, 27 percent of Asian renters and 21 percent of White renters.

https://www.washingtonpost.com/business/2021/02/18/study-rent-debt-concentrated-among-minority-renters/

Is foreclosure the best option for elderly person seeking to unload home with underwater mortgage?

by Ilyce Glink and Samuel J. Tamkin
Wed, 17 Feb 2021 11:00:49 +0000

REAL ESTATE MATTERS | We’re not fans of just letting the bank foreclose on homes. We think foreclosure should be a plan of last resort.

https://www.washingtonpost.com/business/2021/02/17/is-foreclosure-best-option-elderly-person-seeking-unload-home-with-underwater-mortgage/

At this new home community, a little vacation is within walking distance

by Connie Dufner
Tue, 16 Feb 2021 13:00:00 +0000

BUYING NEW | Toll Brothers has single-family houses for sale near Turf Valley Resort in Ellicott City, Md.

https://www.washingtonpost.com/realestate/a-little-vacation-is-within-walking-distance/2021/02/15/9b8c0d22-6cae-11eb-9ead-673168d5b874_story.html

What you should never put into your septic tank

by Tim Carter
Tue, 16 Feb 2021 11:00:19 +0000

ASK THE BUILDER | Talk to any municipal sewer worker or septic-tank pumpers, and they’ll tell you that grease and the newer flushable wipes are probably their biggest nightmares.

https://www.washingtonpost.com/business/2021/02/16/what-you-should-never-put-into-your-septic-tank/

Overcoming financial hardship to buy a home

by Michele Lerner
Tue, 16 Feb 2021 10:30:25 +0000

TOWN SQUARE | Multiple mortgage options are available that could help buyers overcome a lack of savings or a lower credit score.

https://www.washingtonpost.com/business/2021/02/16/overcoming-financial-hardship-buy-home/

How apartment communities are becoming more pet-friendly

by Robert Pinnegar
Mon, 15 Feb 2021 14:00:09 +0000

Most operators will charge a pet deposit to protect against potential unit damage, in addition to a monthly pet fee. If the community offers special concierge services, there may be additional fees for use.

https://www.washingtonpost.com/business/2021/02/15/how-apartment-communities-are-becoming-more-pet-friendly/

How to determine the profit on a home sale for tax purposes

by Ilyce Glink and Samuel J. Tamkin
Mon, 15 Feb 2021 11:00:30 +0000

REAL ESTATE MATTERS | The price you paid for the home -- but not the mortgage owed -- is a factor in determining "cost basis."

https://www.washingtonpost.com/business/2021/01/20/how-determine-profit-home-sale-tax-purposes/

Two-bedroom, two-bathroom condo in Fairfax County, Va., lists for $385,000

by Michele Lerner
Mon, 15 Feb 2021 10:30:38 +0000

AFFORDABLE HOME OF THE WEEK | The end-unit condo has an open floor plan with hardwood floors and an electric fireplace in the living area, a pendant light in the dining area and slate flooring in the kitchen, which has white cabinets and stainless-steel appliances.

https://www.washingtonpost.com/business/2021/02/15/two-bedroom-two-bathroom-condo-fairfax-county-va-lists-385000/

Mortgage rates stuck in neutral amid economic uncertainty

by Kathy Orton
Thu, 11 Feb 2021 15:15:51 +0000

The 30-year fixed-rate average hasn’t moved in three weeks, holding steady at 2.73 percent.

https://www.washingtonpost.com/business/2021/02/11/mortgage-rates-stuck-neutral-amid-economic-uncertainty/

Home building sees a refreshed boom in new construction

by Carisa Crawford Chappell
Thu, 11 Feb 2021 13:00:00 +0000

Tight inventory for resale properties steers first-time buyers into alternative market sector

https://www.washingtonpost.com/realestate/home-building-sees-a-refreshed-boom-in-new-construction/2021/02/10/12831bda-6635-11eb-886d-5264d4ceb46d_story.html

If you aren’t bothered by higher monthly payments, a 10-year mortgage might be a good option

by Michele Lerner
Thu, 11 Feb 2021 10:30:32 +0000

TOWN SQUARE | For borrowers with a specific goal in mind, such as paying off their mortgage before retirement or before paying college tuition, a 10-year loan could be a good option.

https://www.washingtonpost.com/business/2021/02/11/if-you-arent-bothered-by-higher-monthly-payments-10-year-mortgage-might-be-good-option/

How bickering siblings can come to an agreement on whether to sell a home they co-own

by Ilyce Glink and Samuel J. Tamkin
Wed, 10 Feb 2021 11:00:52 +0000

REAL ESTATE MATTERS | A partition suit is an option when one sibling wants to sell and the other doesn't. But it can be costly and can ruin the relationship.

https://www.washingtonpost.com/business/2021/02/10/how-bickering-siblings-can-come-an-agreement-whether-sell-home-they-co-own/

More condos coming to National Harbor

by Michele Lerner
Wed, 10 Feb 2021 10:30:26 +0000

TOWN SQUARE | Residents in the new condos will live within walking distance of restaurants, shops, bars and nightlife.

https://www.washingtonpost.com/business/2021/02/10/more-condos-coming-national-harbor/

Nine condos and more coming to D.C.’s Shaw neighborhood

by Scott Sowers
Tue, 09 Feb 2021 13:00:00 +0000

BUYING NEW | Ardora residential units are part of a mixed-use redevelopment of a bakery building.

https://www.washingtonpost.com/realestate/nine-condos-and-more-coming-to-dcs-shaw-neighborhood/2021/02/08/f31df21a-663e-11eb-886d-5264d4ceb46d_story.html

The trick you’ll need to know to install your TV over a window

by Tim Carter
Tue, 09 Feb 2021 11:00:04 +0000

ASK THE BUILDER | You’re going to build a simple box using 3/4-inch plywood and 1x2s that the flat-screen TV bracket or French cleats will attach to.

https://www.washingtonpost.com/business/2021/02/09/trick-youll-need-know-install-your-tv-over-window/

New apartments rise in D.C.’s Capitol Riverfront

by Michele Lerner
Tue, 09 Feb 2021 10:30:37 +0000

TOWN SQUARE | The apartments have nine-foot-high ceilings, noise-reducing windows, a stacked washer and dryer, USB charging outlets, modular shelving in the closets, tiled walls in the bathroom and subway tile backsplashes in the kitchen.

https://www.washingtonpost.com/business/2021/01/26/new-apartments-rise-dc-capitol-riverfront/

Tips for making a tiny kitchen work

by Nancy Simmons Starrs
Mon, 08 Feb 2021 14:00:26 +0000

It just takes a bit of thought, time and a very small amount of money to make your kitchen function more efficiently.

https://www.washingtonpost.com/business/2021/02/01/tips-making-tiny-kitchen-work/

Crunching the numbers to determine whether a senior should buy or rent a home

by Ilyce Glink and Samuel J. Tamkin
Mon, 08 Feb 2021 11:00:02 +0000

REAL ESTATE MATTERS | At the amount you pay now in rent, you have to see if the cost of your loan, any assessments on a condominium, insurance expenses and real estate taxes would be less or greater than what you pay now.

https://www.washingtonpost.com/business/2021/01/18/crunching-numbers-determine-whether-senior-should-buy-or-rent-home/

One-bedroom, two-bathroom condo in Northeast Washington lists for $399,000

by Michele Lerner
Mon, 08 Feb 2021 10:30:46 +0000

AFFORDABLE HOME OF THE WEEK | The unit has an open floor plan, hardwood floors, recessed lighting, energy-efficient stainless-steel appliances, white cabinets and an island with a breakfast bar.

https://www.washingtonpost.com/business/2021/02/08/one-bedroom-two-bathroom-condo-northeast-washington-lists-399000/

For Tenleytown mansion, a rare sojourn on the market

by Kathy Orton
Fri, 05 Feb 2021 10:30:00 +0000

HOUSE OF THE WEEK | For more than 100 years, the Rest was the home of one extended D.C. family.

https://www.washingtonpost.com/realestate/for-tenleytown-mansion-a-rare-sojourn-on-the-market/2021/02/04/6ae5beea-6428-11eb-8c64-9595888caa15_story.html

Uncertainty surrounding economy holds mortgage rates in place

by Kathy Orton
Thu, 04 Feb 2021 15:24:28 +0000

The 30-year fixed-rate average, which was unchanged at 2.73 percent this week, remains near record lows and is down nearly three-quarters of a percentage point since a year ago.

https://www.washingtonpost.com/business/2021/02/04/uncertainty-surrounding-economy-holds-mortgage-rates-place/

Design tips for incorporating aging-in-place elements into your home

by Michele Lerner
Thu, 04 Feb 2021 10:30:48 +0000

TOWN SQUARE | Adding some safety features to your home can make it easier to live there as you age, but seniors often worry that incorporating those features will be unattractive.

https://www.washingtonpost.com/business/2021/02/04/design-tips-incorporating-aging-in-place-elements-into-your-home/

What you need to know about co-owning a rental property with friends

by Ilyce Glink and Samuel J. Tamkin
Wed, 03 Feb 2021 11:00:41 +0000

REAL ESTATE MATTERS | To preserve that friendship, you may wish to hire an attorney to draft a partnership agreement that spells out the ownership and financial responsibilities of owning that property, including what happens if one partner wants to sell and the other does not.

https://www.washingtonpost.com/business/2021/02/03/what-you-need-know-about-co-owning-rental-property-with-friends/

Redfin: Two-thirds of home buyers in 2020 made offer sight unseen

by Michele Lerner
Wed, 03 Feb 2021 10:30:56 +0000

TOWN SQUARE | That share of buyers making offers sight unseen is the highest since Redfin began tracking the data in 2015.

https://www.washingtonpost.com/business/2021/02/03/redfin-two-thirds-home-buyers-2020-made-offer-sight-unseen/

Maximizing your island in a small kitchen

by Tim Carter
Tue, 02 Feb 2021 11:00:53 +0000

ASK THE BUILDER | I’ve come to respect Europeans’ skills at making the most of the least when it comes to space in kitchens, bathrooms and other living spaces. If you need inspiration about how to work with small spaces, look on the Internet for images of how they do it across the Atlantic Ocean.

https://www.washingtonpost.com/business/2021/01/19/maximizing-your-island-small-kitchen/

Study: D.C. is among the places with the highest taxes

by Michele Lerner
Tue, 02 Feb 2021 10:30:57 +0000

TOWN SQUARE | In D.C., property taxes average 4.6 percent of income, while income taxes are 3.63 percent and sales taxes average 3.4 percent.

https://www.washingtonpost.com/business/2021/02/02/study-dc-is-among-places-with-highest-taxes/

It’s time for an epic staycation — but after you tackle the clutter in your home

by Stephanie Brick
Mon, 01 Feb 2021 14:00:13 +0000

Every home has one (or more). Permanently closed off or perhaps constantly growing (and in rare and especially confusing instances, sometimes both), this is an area of constant disorganization.

https://www.washingtonpost.com/business/2021/01/25/its-time-an-epic-staycation-after-you-tackle-clutter-your-home/

Three-bedroom, two-bathroom townhouse in Silver Spring, Md., lists for $349,900

by Michele Lerner
Mon, 01 Feb 2021 10:30:34 +0000

AFFORDABLE HOME OF THE WEEK | The main level has hardwood floors, a family room with a wood-burning fireplace, and an eat-in kitchen with stainless-steel appliances and granite counters.

https://www.washingtonpost.com/business/2021/02/01/three-bedroom-two-bathroom-townhouse-silver-spring-md-lists-349900/

How to divide ownership of a home between more than two people

by Ilyce Glink and Samuel J. Tamkin
Mon, 01 Feb 2021 10:30:18 +0000

REAL ESTATE MATTERS | You can add a third person to the title of the home, but you might end up with an unexpected result.

https://www.washingtonpost.com/business/2021/02/01/how-divide-ownership-home-between-more-than-two-people/

Mortgage rates drift lower as investors worry about pandemic

by Kathy Orton
Thu, 28 Jan 2021 15:03:49 +0000

The 30-year fixed-rate average fell for the second consecutive week, dipping to 2.73 percent.

https://www.washingtonpost.com/business/2021/01/28/mortgage-rates-drift-lower-investors-worry-about-pandemic/

Why Metrorail is more than just a piece of transportation infrastructure

by Roger Lewis
Thu, 28 Jan 2021 13:00:00 +0000

The transit system is vital economically and even culturally for the Washington region. Here’s why it needs financial help.

https://www.washingtonpost.com/realestate/why-metrorail-is-more-than-just-a-piece-of-transportation-infrastructure/2021/01/27/9fa4b9c2-5106-11eb-bda4-615aaefd0555_story.html

Owning a home is more affordable than renting in many places — but not in the D.C. area

by Michele Lerner
Thu, 28 Jan 2021 10:30:59 +0000

TOWN SQUARE | The only inner suburban county where it’s more affordable to buy than rent is Prince George’s County, Md.

https://www.washingtonpost.com/business/2021/01/28/owning-home-is-more-affordable-than-renting-many-places-not-dc-area/

How to determine if your homeowners association’s reserves are too high

by Ilyce Glink and Samuel J. Tamkin
Wed, 27 Jan 2021 11:00:27 +0000

REAL ESTATE MATTERS | If you feel that your homeowners association's reserves are too high, find out if there are any impending projects it plans to fund.

https://www.washingtonpost.com/business/2021/01/27/how-determine-if-your-homeowners-associations-reserves-are-too-high/

Home remodeling projects that will bring you the most return on investment

by Michele Lerner
Wed, 27 Jan 2021 10:30:44 +0000

TOWN SQUARE | We asked two experts to provide some insight into how homeowners can raise their home value while making improvements.

https://www.washingtonpost.com/business/2021/01/27/home-remodeling-projects-that-will-bring-you-most-return-investment/

A cozy residential enclave in McLean, Va.

by Scott Sowers
Tue, 26 Jan 2021 13:00:00 +0000

BUYING NEW | Gulick Group is building upscale single-family houses at its Park Grove development.

https://www.washingtonpost.com/realestate/a-snug-residential-enclave-in-mclean-va/2021/01/25/5d59af86-5c0b-11eb-b8bd-ee36b1cd18bf_story.html

How to choose the right gutters for your structure

by Tim Carter
Tue, 26 Jan 2021 11:00:54 +0000

ASK THE BUILDER | Soil composition is a very important thing to consider when it comes to the question of gutters or no gutters, it turns out.

https://www.washingtonpost.com/business/2021/01/26/how-choose-right-gutters-your-structure/

Transit-oriented apartment block rises in downtown Bethesda, Md.

by Michele Lerner
Tue, 26 Jan 2021 10:30:21 +0000

TOWN SQUARE | The Elm is adjacent to a pocket park that opens onto Bethesda and Woodmont avenues, where dozens of restaurants, shops and a movie theater are located. Access to the Capitol Crescent Trail is also nearby.

https://www.washingtonpost.com/business/2021/01/26/transit-oriented-apartment-rises-downtown-bethesda-md/

Home maintenance tasks for the winter and throughout the year

by Kevin Brasler
Mon, 25 Jan 2021 14:00:42 +0000

Clear out all the junk underneath your kitchen and bathroom sinks, turn on the taps and your garbage disposal, and look for leaks from above.

https://www.washingtonpost.com/business/2021/01/25/home-maintenance-tasks-winter-throughout-year/

Two-bedroom, two-bathroom condo in Alexandria, Va., lists for $314,000

by Michele Lerner
Mon, 25 Jan 2021 10:30:41 +0000

AFFORDABLE HOME OF THE WEEK | Recent upgrades to the condo include new hardwood floors, new lighting, renovated bathrooms, a new kitchen counter, a new dishwasher and a new refrigerator.

https://www.washingtonpost.com/business/2021/01/25/two-bedroom-two-bathroom-condo-alexandria-va-lists-314000/

Options to consider when protesting a condo board decision

by Ilyce Glink and Samuel J. Tamkin
Mon, 25 Jan 2021 10:30:08 +0000

REAL ESTATE MATTERS | Talk to the board first. If it doesn't relent, see if other owners want to weigh in.

https://www.washingtonpost.com/business/2021/01/25/options-consider-when-protesting-condo-board-decision/

George Washington’s River Farm is listed at $32.9 million

by Kathy Orton
Fri, 22 Jan 2021 10:30:00 +0000

HOUSE OF THE WEEK | The riverfront estate has been the longtime home of the American Horticultural Society.

https://www.washingtonpost.com/realestate/george-washingtons-river-farm-is-listed-at-329-million/2021/01/21/3a5c179e-5819-11eb-a931-5b162d0d033d_story.html

Mortgage rates dip as investors await actions of new administration

by Kathy Orton
Thu, 21 Jan 2021 15:06:06 +0000

The 30-year fixed-rate average moved slightly lower to 2.77 percent. Traders are watching to see what actions President Biden takes to address the pandemic.

https://www.washingtonpost.com/business/2021/01/21/mortgage-rates-dip-investors-await-actions-new-administration/

Why your housing dollars may go further in Montgomery County, Md., and Fairfax County, Va.

by Michele Lerner
Thu, 21 Jan 2021 10:30:41 +0000

TOWN SQUARE | A new report by ATTOM Data Solutions says that homes in Montgomery and Fairfax counties were more affordable in the fourth quarter in 2020 than 12 months prior.

https://www.washingtonpost.com/business/2021/01/21/why-your-housing-dollars-may-go-further-montgomery-county-md-fairfax-county-va/

2021 will be another good year for home sellers — not so much, though, for buyers

by Ilyce Glink and Samuel J. Tamkin
Wed, 20 Jan 2021 11:00:01 +0000

REAL ESTATE MATTERS | Home buyers beware: It’s going to be hard to find what you want at a price you can afford this year, especially if you’re looking for green space.

https://www.washingtonpost.com/business/2021/02/15/2021-will-be-another-good-year-home-sellers-not-so-much-though-buyers/

Luxury apartment building to rise in Rosslyn-Ballston corridor

by Michele Lerner
Wed, 20 Jan 2021 10:30:37 +0000

TOWN SQUARE | Each apartment will have wood plank-style floors, nine-foot-high ceilings, a washer and dryer, programmable thermostat, stainless-steel appliances, quartz countertops, pendant lights and a tile backsplash in the kitchen.

https://www.washingtonpost.com/business/2021/01/20/luxury-apartment-building-rise-rosslyn-ballston-corridor/

D.C. condo building is in the thick of mixed-use development

by Audrey Hoffer
Tue, 19 Jan 2021 13:00:00 +0000

BUYING NEW | 1625 Eckington at Quincy Lane adds 179 units to up-and-coming NoMa neighborhood.

https://www.washingtonpost.com/realestate/dc-condo-building-in-the-thick-of-mixed-use-development/2021/01/18/d3537c7e-512c-11eb-bda4-615aaefd0555_story.html

For homeowners associations and condo boards, the show must go online

by Todd Sinkins
Tue, 19 Jan 2021 12:00:55 +0000

The pandemic forced many community associations to conduct their business virtually, and some boards are finding it works better than meeting in person.

https://www.washingtonpost.com/business/2021/01/13/homeowners-associations-condo-boards-show-must-go-online/

Five ways to protect yourself from housing scams

by Michele Lerner
Tue, 19 Jan 2021 10:30:32 +0000

TOWN SQUARE | Three common scams are lender impersonation scams, foreclosure relief scams and rental scams.

https://www.washingtonpost.com/business/2021/01/19/five-ways-protect-yourself-housing-scams/

How to get into better financial shape in 2021

by Ilyce Glink and Samuel J. Tamkin
Mon, 18 Jan 2021 11:00:50 +0000

REAL ESTATE MATTERS | With an uncertain economy, it's wise to spend less and save more.

https://www.washingtonpost.com/business/2021/01/18/how-get-into-better-financial-shape-2021/

Two-bedroom, one-bathroom condo in D.C.'s LeDroit Park lists for $399,900

by Michele Lerner
Mon, 18 Jan 2021 10:30:58 +0000

AFFORDABLE HOME OF THE WEEK | The renovated kitchen has stone counters, a breakfast bar, stainless-steel appliances and recessed lighting.

https://www.washingtonpost.com/business/2021/01/18/two-bedroom-one-bathroom-condo-dc-ledroit-park-lists-399900/

Team effort produced Nats ace’s Virginia showcase

by Kathy Orton
Fri, 15 Jan 2021 10:30:00 +0000

HOUSE OF THE WEEK | The Scherzers got lots of help en route to their modern mansion overlooking the river.

https://www.washingtonpost.com/realestate/team-effort-produced-nats-aces-virginia-showcase/2021/01/14/7777daa0-52c4-11eb-83e3-322644d82356_story.html

Mortgage rates spike to highest levels in nearly two months

by Kathy Orton
Thu, 14 Jan 2021 15:05:47 +0000

After falling to a historic low, the 30-year fixed-rate average jumped to 2.79 percent this week. Meanwhile, mortgage applications soared to start the year.

https://www.washingtonpost.com/business/2021/01/14/mortgage-rates-spike-highest-levels-nearly-2-months/

Second home market surges

by Michele Lerner
Thu, 14 Jan 2021 10:30:19 +0000

TOWN SQUARE | Second home demand accelerated faster than demand for primary homes, which increased by 50 percent in October compared with October 2019, according to Redfin.

https://www.washingtonpost.com/business/2020/12/10/second-home-market-surges/

Netting more than $500,000 profit on your home sale? There may be no way around paying taxes on it.

by Ilyce Glink and Samuel J. Tamkin
Wed, 13 Jan 2021 11:00:09 +0000

REAL ESTATE MATTERS | The IRS allows you to avoid paying taxes on up to $500,000 in profits from the sale if you are married, or up to $250,000 in profits if you are single.

https://www.washingtonpost.com/business/2021/02/08/netting-more-than-500000-profit-your-home-sale-there-may-be-no-way-around-paying-taxes-it/

Consolidation and competition in real estate could mean consumers win, Redfin chief says

by Michele Lerner
Wed, 13 Jan 2021 10:30:22 +0000

TOWN SQUARE | Companies experimenting with commission models could mean sellers and buyers saving money during transactions.

https://www.washingtonpost.com/business/2021/01/13/consolidation-competition-real-estate-could-mean-consumers-win-redfin-chief-says/

Condo or townhouse? Take your pick in Chantilly, Va.

by By Scott Sowers
Tue, 12 Jan 2021 13:00:00 +0000

BUYING NEW | Commonwealth Place at Westfields is offering 86 of one, 120 of the other.

https://www.washingtonpost.com/realestate/condo-or-townhouse-take-your-pick-in-chantilly-va/2021/01/11/0782cf62-446d-11eb-975c-d17b8815a66d_story.html

What you need to do now to prepare your home for a disaster

by Tim Carter
Tue, 12 Jan 2021 11:00:52 +0000

ASK THE BUILDER | Stop. Think. What happens when that monster storm, wildfire, earthquake or pandemic hits and you can’t get what you need? What are you going to do?

https://www.washingtonpost.com/business/2021/01/12/what-you-need-do-now-prepare-your-home-disaster/

D.C. residents can now do background checks on their prospective landlords

by Michele Lerner
Tue, 12 Jan 2021 10:30:26 +0000

TOWN SQUARE | The database includes nearly 40,000 violations found through DCRA inspections during the past three years.

https://www.washingtonpost.com/business/2021/01/12/dc-residents-can-now-do-background-checks-their-prospective-landlords/

Experts predict what the 2021 housing market will bring

by Kathy Orton
Mon, 11 Jan 2021 13:00:53 +0000

Many economists anticipate another strong year with low mortgage rates and rising prices.

https://www.washingtonpost.com/business/2021/01/11/2021-housing-market-predictions/

How to find a good deal on a floor installer

by Kevin Brasler
Mon, 11 Jan 2021 12:00:14 +0000

You want to buy from a supplier that can provide good advice, offers a wide variety of products, performs quality installation work, promptly makes things right if things go wrong and charges a good price.

https://www.washingtonpost.com/business/2021/01/11/how-find-good-deal-floor-installer/

Four-bedroom, three-bathroom house in Clinton, Md., lists for $399,900

by Michele Lerner
Mon, 11 Jan 2021 10:30:13 +0000

TOWN SQUARE | Renovations include a new roof, updated bathrooms, stainless-steel appliances, granite counters and new cabinets in the kitchen.

https://www.washingtonpost.com/business/2021/01/11/four-bedroom-three-bathroom-house-clinton-md-lists-399900/

A Palisades house with plenty of bedrooms, high ceilings and a bit of history

by Kathy Orton
Fri, 08 Jan 2021 10:30:00 +0000

HOUSE OF THE WEEK | A blended family found what it was looking for in a Northwest Washington neighborhood.

https://www.washingtonpost.com/realestate/plenty-of-bedrooms-high-ceilings-a-bit-of-history/2021/01/07/8d61fff6-4c81-11eb-839a-cf4ba7b7c48c_story.html

Fixed mortgage rates sink to lowest levels in history but could be headed higher

by Kathy Orton
Thu, 07 Jan 2021 15:22:39 +0000

The 30-year fixed-rate average sank to a record low 2.65 percent this week. Since the start of 2020, the 30-year rate has fallen more than a percentage point.

https://www.washingtonpost.com/business/2021/01/07/fixed-mortgage-rates-sink-lowest-levels-history-could-be-headed-higher/

Condo sales rebound amid dwindling inventory of houses

by Michele Lerner
Thu, 07 Jan 2021 10:30:51 +0000

TOWN SQUARE | The condo market lagged initially because condos typically have less space, and many buyers were wary of purchasing in a high-rise building that made social distancing more difficult.

https://www.washingtonpost.com/business/2021/01/07/condo-sales-rebound-amid-dwindling-inventory-houses/

Red flags to help you determine if the house you’re buying has had unpermitted work

by Ilyce Glink and Samuel J. Tamkin
Wed, 06 Jan 2021 11:00:19 +0000

REAL ESTATE MATTERS | When you go to the tax office website and see that the home is listed as a three-bedroom, one-bathroom home with no garage but the home you’ve toured is a four-bedroom, three-bathroom home with a two-car garage, the prior owner likely did not get permits for the additions to the home.

https://www.washingtonpost.com/business/2021/01/06/red-flags-help-you-determine-if-house-youre-buying-has-had-unpermitted-work/

New multi-story luxury condos coming to D.C.'s Eckington

by Michele Lerner
Wed, 06 Jan 2021 10:30:02 +0000

TOWN SQUARE | Every unit will include a private patio or balcony and the fifth-floor units have access to private roof terraces.

https://www.washingtonpost.com/business/2021/01/06/new-multi-story-luxury-condos-coming-dc-eckington/

First buyer of a Tower Oaks condo did not want to wait

by Connie Dufner
Tue, 05 Jan 2021 13:00:00 +0000

BUYING NEW | Pulte Homes has sold most of the 128 planned in the Rockville, Md., community.

https://www.washingtonpost.com/realestate/first-buyer-of-a-tower-oaks-condo-did-not-want-to-wait/2021/01/04/954dfefa-4794-11eb-b0e4-0f182923a025_story.html

How you’ve probably been misusing your kitchen exhaust fan

by Tim Carter
Tue, 05 Jan 2021 11:00:25 +0000

ASK THE BUILDER | Turning it off too soon may not allow the condensation inside the pipe to properly evaporate.

https://www.washingtonpost.com/business/2021/01/05/how-youve-probably-been-misusing-your-kitchen-exhaust-fan/

THE BILL DAVIS TEAM
CENTURY 21 New Millenium
4437 Brookfield Corporate Drive
Suite 110
Chantilly, VA 20151
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