real estate market: Good news for Washington DC, New York NY, San Francisco CA, Los Angeles CA, Houston TX
- 01/26/09 06:18 AM
According to Forbes http://www.forbes.com/2009/01/21/investment-obama-realestate-forbeslife-cx_mw_0121realestate.html?feed=rss_news Washington, D.C., traditionally takes a back seat to world cities like London, New York and Tokyo when it comes to real estate investment. That's likely to change. Thanks to a proposed $1 trillion wave government spending, investors are flocking to D.C. for opportunities in the commercial and residential real estate markets. All these new programs will need offices, after all, and their employees will need places to live. This year, Washington leapfrogged London for the first-place ranking in the world's best cities for real estate investment. But don't count out the world's financial capitals just yet--even with … (0 comments)
real estate market: Interest rates as low as 3-1/2%??
- 01/02/09 10:58 PM
I am curious to find out the combine opinion of Active Rainers, will we see interest rates for 30 years fixed as low as 3-1/2% or 4%? I think having interest rate so low will jump start the housing and the economy in general. With this interest rate, housing will be affordable again for so many more people, the housing prices will stop falling and may be even grow again. People will refinance like there is no tomorrow and all that activity will pump money in to economy. With mortgage payment reduced, people will have money left and will start buying … (1 comments)
real estate market: Fix Housing First
- 12/22/08 01:57 AM
Check this link out, this video is by Jerry Howard, CEO of the National Association of Home Builders. I think he makes a good point. http://www.youtube.com/watch?v=MG_5b9XKAYI As a remodeling contractor I agree with Jerry Howard. We are all in it together, but remodelers and builders can fix it. Right now people just afraid to spend money and do only projects that are absolutely essential. If the 30 year fixed mortgage will drop to 3-1/2%, can you imagine what boost it will give to the housing market? And in turn, the other industries will benefit. … (0 comments)
real estate market: Market future
- 12/04/08 02:44 PM
I own a design-build remodeling company and live in Chevy Chase, MD. The real estate market here is quite stable. However, most of our projects lately are smaller in size and scope. It looks to me that people only do whatever is absolutely necessary. In addition to remodeling, we also provide Handyman services and this part of my business is on the rise. I know that in other areas of MD and DC the market is not as stable. I know quite a few remodeling companies that reduced the number of emploees by 50% or more. So, when should we expect … (22 comments)
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Alex Shekhtman
Design Build Remodeling, Washington DC, Bethesda,...
According to Forbes
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