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...
Oops, There Go Rates Again

Oops, There Go Rates Again

When mortgage rates rise, you don’t get more house, you just pay more for the house you could have had last week for less. What are you waiting for? Now is the time. We are the team. Let’s go!
Yes, You Can Win Against Cash Buyers

Yes, You Can Win Against Cash Buyers

YES, YOU CAN WIN AGAINST CASH OFFERS IN DC You can win against cash offers on homes for sale in DC–but should you? The real estate market in Washington DC is a fast-paced, cash-driven seller’s market with perpetually low inventory. How do you compete? Be...
Under Contract | The Bower 211

Under Contract | The Bower 211

  Congratulations to our buyer John, who snagged this pretty 2+1 with big PH level private terrace at The Bower! We have so many clients at The Bower due to its quality and prime Navy Yard location. If you’re interested in purchasing a condo at the Navy...