The Case Shiller Report was released by Standard & Poor.  It shows that while the housing market looks bad as a whole; the DC market is one area of the country which is showing progress...  Now we just need the rest of the country to follow...

 

New York, March 29, 2011 – Data through January 2011, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show further deceleration in the annual growth rates in 13 of the 20 MSAs and the 10- and 20-City Composites compared to the December 2010 report. The 10-City Composite was down 2.0% and the 20-City Composite fell 3.1% from their January 2010 levels. San Diego and Washington D.C. were the only two markets to record positive year-over-year changes. However, San Diego was up a scant 0.1%, while Washington DC posted a healthier +3.6% annual growth rate. The same 11 cities that had posted recent index level lows in December 2010, posted new lows in January.

 

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Contact James Downing of the MetroDCHouses Team, if you are selling, buying or have questions!

Office: 202-469-6778   Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

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Blog writers block…
03/30/2011
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I suppose everyone goes through a form of writers block. Usually it lasts for a few minutes or a few days. I think mine has been going on for a few months now. Well I am shaking off the Winter BLAHS and trying to find more time in my busy schedule… more
NO, the housing market isn't terrible in DC
02/23/2011
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Every morning I read some of the On-line news highlights over my 1st 2 or 3 cups of coffee. Often there is some news about how bad the housing market is or some dire prediction. What so many consumers fail to see - and the media gets a big "F" to… more
When communication breaks down
02/22/2011
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During a Real Estate transaction there are many details which must be communicated and ironed out throughout the purchase/sale. The agents are the ones who are managing all these details and communication is key! Recently we were working a… more
If you are stupid - I may not be nice…
02/11/2011
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So yesterday I receive a phone call from another agent. He says; "It took me a little long; but I am returning you call. You wanted to show my listing at 123 Main St. It's fully available. " SO I think to myself; what house is this? I ask him where… more
The problem with Groupon..
02/01/2011
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Groupon the on-line site which offers huge discounts on things to see, do, eat and more. Offered in over 175 cities in the US and Canada; it has become a HUGE hit. Those who sign up; receive daily emails offering "The Deal". Basically a coupon;… more
Help for those Troublesome Short Sales…
02/01/2011
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One of our local Settlement Companies have introduced a Short Sale management program. For a fee of $800 due at closing; they will handle all of the details of the short sale. Seems like money well spent. Of course the challenge is do the sellers… more
DC Tax Credit - STILL in effect
01/31/2011
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Long gone is the Federal Tax Credit for 1st Time buyers; which expired last year. HOWEVER; the District of Columbia still offers a $5, 000 tax credit to anyone who has not owned a main home in the District during the one-year period ending on the… more
Market Update
01/24/2011
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Current Number of Homes Active and Under Contract in the Washington DC area: Here is the breakdown as of January 24th, 2011 Inventory is down from the same time last year in DC and Arlington County; while Prince Georges and… more
Why can't I get a return call?
01/15/2011
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One of my biggest pet peeves is getting other Real estate agents to return phone calls. Last Friday (today is Thursday), I called an agent to show a listing he had for sale. My client wanted to see it, along with others on Saturday. I leave 2… more