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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!

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Dec. 6, 2019

12/6/19

 

 

 

DID YOU KNOW?

US corporate debt has swelled to nearly $10 trillion, according to data recently cited by The Washington Post. That comes out to roughly 47% of the overall economy, which is a record. Experts from the International Monetary Fund to the trillion-dollar asset manager BlackRock have warned of the risk posed by ballooning investment-grade debt. Since the 2008 financial crisis, companies have issued record levels of bonds to investors amid historically low-interest rates. The lowest bracket of the investment-grade debt, accounted for more than 50% of the market, compared with 17% in 2001. In an economic downturn, widespread downgrades of bonds to speculative-grade ratings could lead investors to sell the downgraded bonds rapidly, increasing market illiquidity and downward price pressures in a segment of the corporate bond market known already to exhibit relatively low liquidity. (Markets Insider)

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Dec. 5, 2019

12/5/19

 

 

 

DID YOU KNOW?

National home prices increased 3.5% year over year in October 2019 and are forecast to increase by 5.4% from October 2019 to October 2020. The October 2019 HPI gain was down from the October 2018 gain of 5.2% and was up a bit from the September 2019 gain of 3.3%.  Home prices have been increasing year over year in a narrow range of 3.2% to 3.5% over the past six months, indicating that the rate of home price growth is leveling off. (CORELOGIC)

DID YOU KNOW?

As a percentage of disposable income, we have the lowest debt service to income obligations in 40 years in the USA. (JP MORGAN)

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Dec. 4, 2019

12/4/19

 

 

 

 

DID YOU KNOW?

Want to know where the most eyeballs are for online Real Estate news? INMAN gets around 675k total visits per month, THE REAL DEAL gets about 1.08 million total visits per month, and Curbed 7.08 million.

 

DID YOU KNOW?

Around 34% of all owner-occupied homes in the U.S. are owned by people aged 60 or older. Millions of these homes will hit the market over the next two decades as senior boomers either die, move in with their children or to assisted living facilities. There are too many homes to be absorbed by Gen Xers (around 50 million versus Boomers 76 million). Boomer homes that will be sold will have to appeal to Gen-X as well as younger, Millennial buyers to be absorbed, hence the need to make these homes appeal to younger generations. (MarketWatch)

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Dec. 3, 2019

12/3/19

 

 

 

DID YOU KNOW?

Trulia/Zillow Group is being sued over its Premier Agent program, which allows agents and brokers to advertise buyer’s agent representation on listings. The suit seeks $5 million in damages claiming its practices are unfair and deceptive towards traditional real estate brokers and listing agents and cause consumer confusion, economic harm, and deception. The suit claims Trulia/Zillow actions as the equivalent of buying a billboard to advertise the listing of another real estate broker and including a picture of the property and telephone number for prospective buyers to call, does not request specific consent of the listing agent or firm prior to promoting their property with its Premier Agents. (INMAN)

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Dec. 2, 2019

12/2/19

 

 

 

DID YOU KNOW?

Between the ages of 25 and 60, around 11% of the US population will qualify as a member of the top 1% by income for at least one year. Rising education and people living longer are two trends that will influence the growth of wealth. Most people who end up rich, start out asset poor. As they earn and save, that changes. The millennial generation will inherit $68 trillion in the USA by 2030.....so while they may be 'poor' right now, that is going to change over the next decade. Dramatically! (FT)

 

DID YOU KNOW?

Deloitte expects US retail sales to total $1.1 TRILLION over the November-January period, a rise of 4.5-5%. Remember consumer spending accounts for roughly 70% of the entire US economy....and the more retail sales happen, the more sales taxes are collected to fuel state and city coffers. Black Friday sales for brick-and-mortar stores dropped 6.2% after shopping on Thanksgiving Day rose 2.3%. A surge in Black Friday online shopping hit $7.4 billion was an all-time record for the day. Eig

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Nov. 27, 2019

11/27/19

 

 

 

DID YOU KNOW?

New York, Connecticut, Maryland, and New Jersey will attempt to revive their lawsuit ain the Manhattan Federal Appeals Court challenging the new cap on the deduction for state and local taxes (SALT) after a judge dismissed the case.  The 2017 tax law passed by Republican lawmakers capped the amount of state and local taxes that can be deducted on individual returns at $10,000. Previously, there was no limit. The argument is that the change targeted Democratic-led states that tend to have higher taxes. The cap is expected to cost New York’s taxpayers over $100 billion. In September, U.S. District Judge J. Paul Oetken threw out a lawsuit, saying the federal government has the “exhaustive” power to impose and collect income taxes and that the states can enact their own tax policies as they wish. Now, what about the federal Government siphoning off 5-15% of some states federal tax dollars to re-distribute to other states?

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Nov. 26, 2019

11/26/19

 

 

DID YOU KNOW?
How can you improve your exposure to bad air quality?  Here are some suggestions:
1)  Identify the routes that you walk, and stay away from busy truck and bus routes (clean energy busses are OK)
2)  Try to travel at less congested times of the day if possible. Wear an air quality monitor to identify where and when the worst air quality exists.  
3)  Wood fires are beautiful, romantic and divine.....but bad for your lungs! Avoid wood fires
4)  Get a HEPA air purifier for your home and office. They work.
5)  House plants are effective air cleansers: NASA says they are better than anything!
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Nov. 25, 2019

11/25/19

 

 

 

DID YOU KNOW?

By 2037, 25% of the U.S. for-sale housing stock, or roughly 21 million homes will be vacated by seniors. That is more than twice the number of new properties built during a 10-year period that spanned the last housing bubble. Most of these homes will be concentrated in traditional retirement communities in Arizona and Florida, according to Zillow, or parts of the Rust Belt that have been losing population for decades. (WSJ) Could this be the cure to the housing shortage and affordability? The big challenge? Many of these homes are in areas dedicated to seniors and many have fallen out of style.... could this be the ULTIMATE Compass CONCIERGE opportunity? Imagine helping just 10% of this housing stock, re-gear, renovate and adjust for a new generation of buyers.....that's over 2 million sales....

 

DID YOU KNOW?

About 20% of homes on the Upper East Side will be vacated by 2027 due to aging population......I see opportunity!

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Nov. 22, 2019

11/22/19

 

 

DID YOU KNOW?

A recent survey of renters compiled answers from 1,013 respondents across the U.S., found that 69% of people paying $700 a month or less in rent rated themselves satisfied with their neighbors. That compares to 59% of people paying between $701 and $1,400 a month, and 56% of people paying more than $1,400 a month. Renters paying less than $700 a month are also more likely than people in pricier abodes to trust their neighbors to pitch in with tasks like caring for pets, picking up groceries, babysitting, or helping with a move. Maybe money really can’t buy happiness - or neighborliness? 73% of single-family home dwellers reported being happy with their neighbors compared with just 57% of people in multifamily homes. (WSJ)

 

DID YOU KNOW?

New York City’s median rent for luxury homes—the top 10% of listings—rose 4.2%, to $8,698/month, in October from the year-earlier month. That's well over $6 million without inflation over a 60-year period..... (WSJ)

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Nov. 21, 2019

11/21/19

 

 

 

DID YOU KNOW?

The supply of rental homes is shrinking, and that continues to push rent prices higher, particularly on the lower end of the market.  Less expensive rentals, going for less than 75% of the median regional rent, jumped nearly 4% annually in September. High-end rentals, or those with prices greater than 125% of the region’s median rent, increased just 2.9% annually. Phoenix rents spiked to 6.7% annually. Phoenix has seen very strong job growth and is attracting new employees to the area. Las Vegas wasn’t far behind at 5.8% annual rent growth, and Seattle rounded out the top three at 5.5% growth. This RENTAL INFLATION message is an important one to send to prospective buyers considering renting as an alternative.... (CORELOGIC) 

 

DID YOU KNOW?

The total number of single-family rental homes jumped 38% from 2010 to 2016, compared with just a 3% rise in multifamily units, according to Capital Economics.  (CNBC)

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