What's Hot & What's Not for Real Estate this Summer

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

What's Hot & What's Not

Unlike the latest hit song or fleeting celebrity of Ashley Dupre (who? oh yeah, that was Eliot Spitzer's call girl), real estate is always a hot topic.  Whether the market's going up or going down, having a home and a place to rest your head at night will always rank up there on Mazlow's hierarchy of needs.

While real estate as a whole always generates buzz, here's a look at What's Hot & What's Not for

D.C. & Northern Virginia real estate

for Summer 2008:

                               


Negotiating discount from asking price                                Bidding wars on homes

New construction condos                                                    Condo conversions

Living on the metro line                                                    Commuting to D.C. from Loudoun County

30 year fixed rate loans                                                    5 year interest only ARM

Foreclosures                                                                    Handyman special

Home inspections                                                            Waiving a home inspection

FHA & VA mortgages                                                        Zero down mortgages

Buy & Hold                                                                      Flip that house

Homes selling in weeks/months                                        Homes selling in hours/days

Staged homes                                                                Vacant homes

Craigslist                                                                        Newspaper classifieds                                     

Short sales                                                                     Short sales

Online home search                                                        Driving to open houses every Sunday

Buyer's market                                                               Seller's market  

Affordable housing                                                          Sky-high prices

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Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

MICHAEL:  Good addition to the list.

Jun 27, 2008 08:34 PM #73
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

HOPE:  Times have changed and they certainly will change again.

Jun 27, 2008 08:34 PM #74
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

ELIZABETH:  Thanks for your comments.  Hard at work...

Jun 27, 2008 08:35 PM #75
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

JOSHUA & KATHY:  Thanks for your comment.

Jun 27, 2008 08:35 PM #76
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

JOE:  Thanks for your comment.  It's Brian, though.

Jun 27, 2008 08:49 PM #77
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

ANN:  There is a reason.  See if you can guess.

Jun 27, 2008 08:50 PM #78
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

SHEILA:  Yes, staging can have an impact.  I took the ASP course for REALTORS back in the Fall, though I can't say I've actually used staging much in my business, but it's nice to know about it and understand the concept and the profession a little more and to be able to explain it to clients.

Jun 27, 2008 08:51 PM #79
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

JAY:  I guess saying that I'm active on Active Rain is a bit of an understatement.  By the way, I owe you a phone call...

Jun 27, 2008 08:52 PM #80
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

KIM:  Yes, it's nice to see some people who were previously priced out of the market hopping back in.

Jun 28, 2008 03:17 PM #81
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

TRELA:  You are right -- Green Housing is definitely a Hot Topic.

Jun 28, 2008 03:18 PM #82
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

GINGER:  Thanks for your comment.  Agreed.

Jun 28, 2008 03:19 PM #83
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

JOETTA:  Thanks for your comments and for reading.

Jun 28, 2008 03:34 PM #84
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

GREG:  You are welcome.

Jun 28, 2008 03:34 PM #85
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

MARY:  While most people still need to physically go visit a home at some point before making a decision, a lot of the legwork can be completed online before ever getting in the car.

Jun 28, 2008 03:35 PM #86
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

SUSAN (MORRIS COUNTY NEW JERSEY):  Thanks for your comment.  You may or may not wish to change your profile name so that people know who you are.

 

Jun 28, 2008 03:37 PM #87
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

ERIKA:  Thanks for your comment and the laugh about the speeding tickets.

Jun 28, 2008 03:39 PM #88
Rainer
274,058
Cindy Lin
Staged4more Home Staging & Designs // EcoJoe - South San Francisco, CA

I think sky high prices were never in ;) And thanks for plugging home staging! It does work!

Cheers,

Cindy

Jun 30, 2008 04:13 PM #89
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

CINDY:  Thanks for your comment.  Nobody enjoyed sky high prices, but they most certainly were here for a while.

Jul 01, 2008 09:02 PM #90
Rainmaker
592,029
Ritu Desai
Samson Properties - Ashburn, VA
Virginia Realtor-Fairfax/Loudoun/PW-703-625-4949

Very clever list and true to our today's market.

Jul 03, 2008 01:21 PM #91
Rainmaker
667,360
Brian Block
RE/MAX Allegiance, Managing Broker/Branch Vice President - McLean, VA
Northern Virginia & D.C. Real Estate

RITU:  Thanks for your comment.

Jul 04, 2008 07:33 AM #93
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Brian Block

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