washington dc real estate market status: Thoughts on NoMA
- 11/11/09 06:02 AM
A few days ago, I was interviewed for my thoughts on NoMa, which I think is going nowhere but up. At the moment, not quite the neighborhood feel, but some parts are already having a nice feel, other parts are moving up.
The story was in the Washington Examiner. If you'd like more background, ping me and I'll get you lined up.
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washington dc real estate market status: $8k Credits and DC $5k Credits
- 05/27/09 04:39 PM
Across the US, "First Time Homebuyers" are getting a great tax benefit in 2009. To be considered a First Time Buyer in the view of the IRS, you are defined as one who has not owned a home in the prior 3 years.
In Washington, DC, since 1997, "First Time Homebuyers" get a great tax benefit. To be considered a First Time Buyer in the view of the DC Tax authorities, you are defined as one who has not owned a home in the District before. If one owned a home elsewhere, one is still eligible. IRS Tax credit is for … (0 comments)
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washington dc real estate market status: Buyers, 2009
- 04/10/09 11:10 AM
Hi all,
This note applies to people who want to buy in 2009, and to people who want to sell in 2009. The logic simply dictates when you start buying or when you choose to put your home on the market.
This note also only applies to buyers who are first-time buyers (ie, no home ownership in prior 3 years), and so, also then only to home sellers who's home would likely appeal to that buyer market.
At the moment, this market is crazy, as bad as 2004. Buyers spend their weekends looking at homes, buyers then make offers at above-asking … (0 comments)
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washington dc real estate market status: Post Crash Geography
- 03/19/09 07:11 AM
[yes, I've been swamped for the past month; not at all what you'd expect from Realtors®]
I don't 100% agree with the recession simply because while I fully see it's impact, I also see many people who have not been impacted, and I see several neighborhoods where prices are stable (though, yes, I see many where prices have taken the express elevator down)
I do like Richard Florida's thinking and was recently listening to a discussion he had on NPR. I've included it here (as well as the original Atltantic Monthly article) and he speaks almost tangentially about the Washington DC … (0 comments)
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washington dc real estate market status: "Time to Buy"
- 08/28/08 03:41 AM
When exactly does a Realtor® say it's not time to buy?
There's an ABC News clip here, with Donald Trump. Regardless of your views on his presentation, he is a smart businessperson, even with some mistakes which many point to.
Mr Trump says "the time to buy is now", and if you've been on the phone with me recently, you'll hear me speak of a number of reasons (excess inventory coupled with current-and-soon-to-be-gone interest rates) to get to the same conclusion: this is a great time to buy.
There are a number of caveats to that however, the biggest being the … (0 comments)
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washington dc real estate market status: DC Neighborhoods - another view
- 06/23/08 06:41 AM
Many times, working with buyers, I'll hear "so, what's this neighborhood like". This will come from people moving in from outside the area, or, at least across the Potomac. If the question comes to me in my market, I can provide some suggestions as to what others think and what I think; if the buyer has ended up 5 miles away from our original market, and hence, outside of my comfort zone, then I can't be much help.
The Washington City Paper has it's uses, though it will never replace my morning Washington Post time. WCP's target reader is also somewhat … (0 comments)
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washington dc real estate market status: Current Market Views
- 06/23/08 06:38 AM
You can tell it's rather hectic, as I've not had the few moments to even put a few thoughts here.
"Hectic" in these current times is good as that means things are moving. However, most buyers and sellers are in home purchases which need extra love & care. For instance, one buyer's purchase of a short sale home didn't get through to settlement because the seller's bank didn't accept the terms & numbers on the purchase. So, the poor buyer had her moving van practically loaded before the bank issued it's final position.
However, there was a 30 minute review on … (2 comments)
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A few days ago, I was interviewed for my thoughts on NoMa, which I think is going nowhere but up. At the moment, not quite the neighborhood feel, but some parts are already having a nice feel, other parts are moving up.
;)
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;)
