by istm | Mar 25, 2024 | Blog
What's Changing For DC Home BuyersBreaking down new commission practices and their effects The National Association of Realtors agreed last week to pay $418M and change key policies related to broker commissions to resolve multiple class-action lawsuits. The jury in...
by istm | Mar 14, 2024 | Blog
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...
by istm | Mar 14, 2024 | Blog
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...
by istm | Mar 11, 2024 | Blog
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...
by istm | Jan 6, 2023 | Blog
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...
by istm | Dec 3, 2022 | Blog
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....
by istm | Aug 20, 2022 | Blog
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...
by istm | Aug 15, 2022 | Blog
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...
by istm | Jul 8, 2022 | Blog
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...
by istm | Jun 15, 2022 | Uncategorized
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...
by istm | May 20, 2022 | Uncategorized
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.
by istm | May 8, 2022 | Blog
[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...