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What's Hot & What's Not for Real Estate this Spring!

By
Real Estate Agent with RE/MAX Allegiance, Managing Broker/Branch Vice President

What's Hot & What's Not

Unlike the fleeting celebrity of your favorite American Idol contestant, real estate is always a hot topic.  Whether the market's going up, down or sideways, having a home and a place to rest your head at night will always rank up there on Maslow's hierarchy of needs.  Talking about the latest trends in real estate is something that never gets old.

As Spring is right around the corner, here's a look at

What's Hot & What's Not for D.C. & Northern Virginia real estate this Spring 2011!

Hot or Not?


HOT!                                                                                  NOT!

Homes selling quickly                                                           Homes lingering on the market

Large downpayments                                                           No Money Down!

30 year fixed rate loans                                                       5 year interest only ARM

Bidding wars are back                                                          No competition

Low inventory                                                                      Tons of homes available

Luxury market (McLean, Great Falls)                                     Foreclosures

Green Energy Efficient Homes                                               Mega Mansions

Short Sales                                                                         Short Sales

Full price offers                                                                   Lowballing

Walkability                                                                         Commuting

Rental Properties                                                                Flipping

Searching online for homes                                                Searching Sunday's paper for homes

Home inspections                                                              Waiving a home inspection

Staged homes                                                                   Vacant homes

                        

Comments (8)

Linda Secrist
Berkshire Hathaway HomeServices - Holladay, UT

Nice list Brian.  Love the title... caught my eye immediately!

Mar 16, 2011 08:50 AM
Mike Frazier
Carousel Realty of Dyer County - Dyersburg, TN
Northwest Tennessee Realtor

Brian, I bet this post gets featured. Great job and I like the lists!

Mar 16, 2011 09:22 AM
Anonymous
CVB

Great list!

Mar 16, 2011 09:24 AM
#3
Kay Van Kampen
RE/MAX Broker, RE/MAX - Springfield, MO
Realtor®, Springfield Mo Real Estate

Brian, that a great list!  Bidding wars are definitely back.  I submitted an offer this weekend.....one of six on a foreclosure.

Mar 16, 2011 03:24 PM
Betsy Schuman Dodek
Washington Fine Properties - Washington DC Area Real Estate - Potomac, MD
SearchPotomacHomes.com

Great list - it's true multiple offers are back...on only the best houses!

Mar 17, 2011 12:12 AM
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Interesting is your short sale take!  And I like the home inspection part...

Mar 17, 2011 02:14 AM
Rob Lang
At Home Kansas - Shawnee, KS
Local Expert in NE Central Kansas Real Estate Home

Interesting way to present the information to the public!  I can't imagine what the heating costs for a mansion would be, I would much prefer an energy efficient home.

Mar 19, 2011 02:16 PM
Deborah Bly
eXp Realty, LLC - League City, TX
Realtor

Brian, Good luck with your market. Ours has been heating up as well. Thank goodness :-)

Mar 21, 2011 12:45 PM