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Commentary, opinion, news and updates on topics related to Washington DC real estate.

THE ISAACS TEAM

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NW DC 20005

DC DETACHED HOME SALES SURGE

While Other Home Types Fell In Value, DC's Detached Home Values Soared The Median sold price for Detached DC properties in May rocketed to $1,327,659, a whopping 30.8% increase from April and +2.8% from May 2023. Washington DC condos fell 2.9% in value this May from...

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NVAR RELEASES NEW FORMS

Why should home buyers and sellers care about the new form release by the Northern Virginia Assoc. of Realtors? Because they outline new rules that will apply to all residential real estate transactions in the area.

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A MILLION DOLLAR HOME ISN’T ‘LUXURY’ IN DC

The DCMA average home values top $1M and the baseline for luxury is $2M. Zillow Group's research team published the results of their affordability study in April, showing, among other notable findings, that million-dollar cities are multiplying, jumping by 59, from...

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NEW APPRAISAL REVIEW PROCESS

Finally, an easier way to contest bad appraisalsHome appraisals now warrant an official second look if they are inaccurate or bias is suspected in the process. Starting this August, HUD (U.S. Dept. of Housing & Urban Development), FHA (Federal Housing...

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NAR RULE CHANGES NOW OCCUR IN AUGUST

The National Association of Realtors released updates to its proposed settlement agreement related to class-action lawsuits, which received initial approval from the court on April 23rd. The updates include details related to practice changes required for NAR members...

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NON-EXCLUSIVE TOURING AGREEMENTS. WHY?

Non-Exclusive Touring AgreementsZillow debuted a 'non-exclusive touring agreement' for home buyers and agents this week They're billing it as a consumer-driven response to NAR settlement agreement rule changes. It's really a move to protect their profits.Zillow's NTA...

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