Washington D.C. Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Washington D.C. News

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Feb. 19, 2020

2/19/20

 

 

 

It’s no secret that buying a house remains a big part of the American dream. For many of us, it can signal we’ve arrived, into adulthood or into the middle-class. But aside from how thrilling the prospect of homeownership may be, the actual process of financially preparing to buy can be seriously daunting.

So, you might be wondering, “How much house can I afford?” Perhaps you have a general idea of how much you’d like to spend, but excitement and emotions of house hunting can make you forget about the math. That’s why it’s so important to have a strong understanding of the home buying process before you set out on the journey and follow these concrete steps along the way:

Click on the link below to read more!

https://money.com/how-much-house-can-i-afford/\

 

 

Posted in Community News
Feb. 18, 2020

2/18/20

 

 

DID YOU KNOW?

Millennial habits have the potential to impact real estate trends moving forward.....Here are some things that are changing amongst this generation (and remember not all millennials are the same):
1)  Millennials use doorbells less and less, preferring to text when they arrive. many live in apartments, not houses.
2)  Millennials are not using traditional large gyms as much as smaller, more specialized gyms.
3)  Millennials do not use landlines, cinemas or napkins the same way older generations have and do.

 

DID YOU KNOW?

Jeff Bezos has pledged $10 billion towards fighting climate change through his new foundation. Starting this Summer, the Bezos Earth Fund will help back scientists, activists, non-government organizations and any other effort that “offers a real possibility to help preserve and protect the natural world.” (WSJ)

Posted in Community News
Feb. 17, 2020

2/17/20

 

 

 

 

DID YOU KNOW?

These are some common toxic household products you should consider removing from a home: non-stick cookware, mothballs, tick-and-flea pet collars, air-fresheners, oven-cleaners, toilet-bowl cleaners, furniture and polish stains, antibacterial soaps, gas space heaters, flame retardants.  Seek out organic, clean alternatives. (House Beautiful)

 

DID YOU KNOW?

Amazon  is now in 82% of US households. Amazon Advertising is now a $15 billion business, making it, in 2018, the third-largest advertiser in the world behind Facebook and Google. Apple sells its products to 1.4 billion of the world's wealthiest.

Posted in Community News
Feb. 14, 2020

2/14/20

 

 

 

 

DID YOU KNOW?

The U.S. government will forgive $207.4 billion in student debt for Americans who take out loans over the next decade, the Congressional Budget Office. The biggest benefits will go to borrowers who attend graduate or professional school. The CBO projects the government will originate $1.05 trillion in new loans from 2020 to 2029. About 43 million Americans owe $1.51 trillion in federal student loans. (WSJ)

 

DID YOU KNOW? 

The number of people with a net worth of between $5 million and $30 million rose to 2.67 million in 2019, a growth rate of 10% from 2.39 million people in 2018, mostly due to the equity market boom fueled by growth, low-interest rates, and lowered tax rates: the S&P 500 was up 28.9% for 2019, the Nasdaq was up 35.2%, and the Dow rose 22.3% in 2019. The same group rose to 2.39 million individuals in 2018, a growth rate of just 1% from 2.35 million individuals in 2017. There were 969,075 very rich individuals in the USA in 2019, up 15.9% from the year earlier. (CNBC)

Posted in Community News
Feb. 12, 2020

2/11/20

 

 

 

 

DID YOU KNOW?

For the federal government’s fiscal year 2019 (the 12-month period ending on 9/30/19), total receipts were $3.462 trillion, according to the Congressional Budget Office.....up by $130 billion, or 3.9%, compared to the fiscal year 2018

 

DID YOU KNOW?

Employees in India, Indonesia and China are more hopeful about their career prospects than workers in any other major economy, according to a new study from LinkedIn. The USA came in 8th and Canada 10th. (CNBC)   

Posted in Community News
Feb. 10, 2020

2/10/20

 

 

 

 

DID YOU KNOW?

A company aiming to cut the cost of building hotels using 3D-printed flatpack designs has raised $20m from investors including Uber’s founder Travis Kalanick and Tim Steiner, Ocado’s chief executive. Habitas, co-founded by the British entrepreneur Oliver Ripley, says it can assemble resort-style hotels, pieced together using modular designs, in 6 - 9 months instead of the 4 - 5 years it can take for a more traditional hotel project. Watch technology come to cure housing affordability too! (Telegraph)

 

DID YOU KNOW?

These are the 10 US states with the highest income inequality:  Washington DC, New York, Louisiana, Connecticut, California, Florida, Alabama, Mississippi, Georgia, Kentucky. (GINI/WIKI)

Posted in Community News
Feb. 7, 2020

2/7/20

 

 

 

 

DID YOU KNOW?

There are still buyers who want to wait to buy when the next recession hits:  they may be disappointed. How did the country’s housing market fare historically during recessionary periods? Based on what’s happened in past recessions, a report by First American Financial Services argues that the next recession is unlikely to prompt a major downturn in housing. The growth in home prices seen during the current economic expansion hasn't been fueled by increased access to mortgage credit. It's more about supply and demand: Many Americans want to become homeowners, but the supply of homes available for sale is very low, pushing prices upward. While this has made the prospect of buying a home unaffordable for millions of Americans, it has also meant that those who are homeowners have seen their home equity grow substantially in recent years. That decreases the likelihood that they would be underwater on their loan if home prices were to dip in a recession.

Posted in Community News
Feb. 6, 2020

2/6/20

 

 

 

 

DID YOU KNOW?
The jobs market added 291,000 in private payrolls in January for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. Leisure and hospitality led with 96,000 new jobs, but education and health services also contributed 70,000 and professional and business services added 49,000. On the goods-producing side, construction rose by 47,000, the best growth since the 62,000 added in January 2019, and manufacturing was up 10,000, the biggest monthly gain since last February. Small companies added more than large companies, and mild Winter weather helped.  (CNBC)
DID YOU KNOW?
Households in the middle three quintiles of wealth held 61.9% of their assets in their principal residence in 2016, according to a 2016 Federal Reserve analysis. That compares to households in the top 1%, who held just 7.6% of their wealth in their homes. A rise in property values can provide a more substantial boost to household wealth than a stock market rally. (REUTERS)

 

Posted in Market Trends
Feb. 5, 2020

2/5/20

 

 

 

 

DID YOU KNOW?

All the world's real estate is worth more than 12 times the GDP of the US or 18 times the GDP of China. Residential real estate comprises about 75% of this at $168.5 trillion.

DID YOU KNOW?

According to the latest Housing Vacancies and Homeownership release from the U.S. Census Bureau, the homeownership rate jumped to 65.1% in the fourth quarter of 2019, the highest in six years. (CORELOGIC)

Posted in Community News
Feb. 3, 2020

2/3/20

 

 

 

 

 

DID YOU KNOW?

While a possible case of Coronavirus is being evaluated in New York, it should be reassuring to know that because of bipartisan foresight of Congress and lessons learned in the past five years, the U.S. is in better shape today than at any other time in recent memory to confront a major public-health crisis. Congress boosted funding for the National Institutes of Health, the Centers for Disease Control and Prevention, and the Strategic National Stockpile of medications and other medical supplies. (WSJ)

 

DID YOU KNOW?

Here are the cities with the most inbound rental searches, and the city from which the highest share of those searches originated.
1. To Denver from Washington
2. To Baltimore from Washington
3. To San Diego from Riverside, Calif.
4. To Orlando, Fla. from Tampa, Fla.
5. To San Francisco from San Jose, Calif.
6. To Boston from New York
7. To Portland, Ore. from Seattle
8. To Raleigh, N.C. from Charlotte, N.C.
9. To San Antonio from Houston
10. To Chicago from St. Louis

Posted in Community News