The biggest surprise in the April numbers was that the dollar volume of sales was higher than April 2010. This was not expected, because the First Time Homebuyers Tax Credit deadline of April 30, 2010, created a huge bonanza of sales all across the country, including in our own Metro area. In addition, April was the 13th consecutive month showing an increase in the average price over the same months of the previous year.
 
All of this enforces what we have been reading in the newspapers, that the Washington Metro area is the strongest real estate market in the country. With the relatively weak dollar, we should expect foreign buyers to come shopping in our marketplace, not only for commercial properties, but also for good values in our Blue Chip real estate market.
* Statistics are taken from the Metropolitan Regional Information System for three areas: Washington, D.C.; Montgomery Country, Maryland’ ad Fairfax County, Arlington, Alexandria and Falls Church in Northern Virginia.

 

The Harvard & Hobart Streets Year-End Wrap-Up
01/06/2011
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The little cluster of homes in the shadow of the National Zoo on the 1600 to 1800 blocks of Harvard and Hobart is one of the most stable and desirable areas of the city. Even in down markets it’s held its value, often attracting multiple… more
Warning: Changes in Seller Subsidies with FHA
05/29/2010
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Soon, the Federal Housing Administration will be reducing one of its benefits for buyers using FHA financing. It's been annonce that sometime later this summer, the agency will reduce the maximum seller consessions allowed. These guidelines have… more
A Lender’s Screw-Up Can Be a Good Thing
11/30/2009
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The architect and his paralegal love bunny bought an Adams Morgan rowhouse as a shell ten years ago. He redesigned the interior and renovated it into an inviting home where the two could entertain friends and family. It served them well and the… more
Change What You Love, Love What You Change
06/08/2009
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We’re living among the shrouds. Our entire first floor but for the kitchen and one small table is covered in plaster-dusted plastic tarp. Sofas are tucked under the dining room table, chairs stacked, electrical equipment stored under the piano… more
Who Am I Anyway? More Than I Knew.
05/30/2009
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I became quite perturbed when I phoned a friend at his office recently. His new assistant answered and demanded to know who I was and why I was calling, the implication being that she didn’t want to bother the big man with frivolous and… more
You Never Know… Redux
05/11/2009
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Last summer, I posted a blog on AR called You Just Never Know… in which I told about an open I held a few years ago. It was a super-cool, half-million-dollar condo. I had a large turnout that day. One of the lookers was an unshaven 17-year-old in… more
Washington, A World City
12/06/2008
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One of the things I love about being a realtor in our Nation's Capital is the diversity of cultures and people I've had the opportunity to work with. With all the embassies, chancelleries, trade missions, the World Bank, International Monetary Fund… more
Moments of Reality on HGTV
12/05/2008
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I've been on HGTV's show "Get It Sold " a couple of times and apparently wasn't too dorky, so they recently asked be to be a "featured agent. " Now, being a "featured agent" means that I appear to be the agent a homeowner chooses from several to list… more
Dealing with the Fearful Buyer in this Crazy Market
10/29/2008
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Like many of you, I've been finding some buyers to be pulling back from their searches because of their perceptions of this financial environment, so when I received the email below, I developed an answer that I hope will encourage him. > Ed,… more
 
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Ed Schneider – Washington DC Real Estate Specialist

Washington, DC

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Evers & Co. Real Estate Inc.

Office Phone: (202) 277-9499

Cell Phone: (202) 277-9499

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