INVESTING IN DC REAL ESTATE

Investing In DC Real EstateFrom House Hacking To Multifamily DC investment strategies, from house-hacking, BRRRR, flipping, buy & hold to multifamily can help you build wealth and secure your financial future. Is DC Real Estate A Good Investment? Yes, Here's Why...

2024 PROPOSED FinCEN REAL ESTATE RULE

Proposed 2024 FinCEN Rule For Cash TransactionsThe proposed rule affects certain entities and trusts On February 16, 2024, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking titled Anti-Money Laundering Regulations for Residential...

IT’S TIME, DC BUYERS

It's Time, DC BuyersTiming is key to opportunity, and the time is now. Have You Looked At The latest DC Market Data? Prices are down across the board, days on market are up, and so’s inventory. How much better do you think the market is going to get before the...

THIS AIN’T THAT | 2023 DC Real Estate Market

The 2023 DC Real Estate Market vs 2008 Why the 2023 DC Real Estate Market Isn't a Throwback To 2008 This Ain’t That A year of mortgage interest rate hikes has revived bad memories of the 2008 real estate market crash, and its fallout, which lasted half a decade...

FHA LOAN LIMITS RISE FOR 2023

FHA Mortgage Loan Limits Rise in 2023 Starting Jan. 1, 2023, the Department of Housing and Urban Development (HUD) is increasing FHA loan limits in 3,222 counties (12 counties will remain the same limits as set for 2022). In Washington DC, limits will exceed $1M....

HPAP Increases Max to $202,000.

HPAP, DC’s Home Purchase Assistance Program, is raising the maximum assistance limit residents can receive to cover down payment and closing costs.  Beginning October 1 2022, an increase from $80,000 to $202,000. will take effect. HPAP is the program that helps...

New Tax Credits

DC Residents: Do You Qualify For Up To $10k In Energy Tax Credits? The Inflation Reduction Act includes tax breaks and rebates you’ll want to consider. The IRA creates thousands of dollars in incentives for some homeowners to install energy-efficient electric...

Rents Gone Wild & DC Rent Control

Rents are up 15% in DC. Average rent for 1 BR apt is $2400. Average rent for 2 BR is $3,200. The average cost of renting studio apartments rose 23% in a year.” Like the man said, “the rent is too damned high” The numbers vary slightly by source. Here...

Fed Going For Broke

The Federal Reserve (Fed) on Wednesday did something it hadn’t done in more than two decades: it raised the federal funds rate by 75 basis points, to 1.50-1.75%, a hike not seen since 1994. Last Friday, when the inflation print came out, the market shifted its...

GCAAR To Discontinue Financial Info Sheet

The form is typically used by DC sellers & listing agents to break ties in bidding wars and show buyers’ ability to make up gap on low appraisals. GCAAR is dropping the form due to the perception that it favors wealthier buyers.
Fed Adds More Pain For Homebuyers

Fed Adds More Pain For Homebuyers

[vc_row][vc_column width=”1/2″][vc_custom_heading uncode_shortcode_id=”377989″]Last week, the Fed’s benchmark interest rate was raised by 0.5 percentage points to a target rate range of between 0.75% and...
Compass Takes #1 Brokerage Spot

Compass Takes #1 Brokerage Spot

[vc_row][vc_column][vc_custom_heading uncode_shortcode_id=”124152″] Compass topples Realogy, secures top spot in prestigious Mega 1000 ranking of real estate brokerages [/vc_custom_heading][vc_column_text uncode_shortcode_id=”283974″]As Jim...
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