Let’s go back in time. In 2008, people were worried about losing their home in a foreclosure. A lot of homes hit the market, but there were not enough people to purchase them, and prices fell. 2008 is different. The housing bubble was a big factor in the actual recession itself. That is not the… Continue reading This time is different?
When you are buying a house, you want more than just the number of beds and bath, you want to find a home that fits your lifestyle and helps you achieve your goals. That’s my job – to help you get what you want and reach your goals.
What is the true cost of owning a home? Cost of Owning a Home | As a homeowner, it will be important to budget for your ownership costs. Here is a list of some of the most common expenses for you to keep in mind and start developing your budget. Most people who are considering… Continue reading Cost of Owning a Home: What is the True Cost of Owning a Home?
New Temporary Requirement for Condos and Co-Ops Fannie Mae has a new temporary requirement for condo and co-op projects due to the collapse of the Champlain South Tower in Surfside, FL. In response to concerns over projects with significant deferred maintenance, Fannie Mae is issuing temporary new requirements effective Jan 1, 2022. Buyer putting less… Continue reading New Temporary Requirement for Condos and Co-Ops due to Champlain South Tower Collapse
Short answer – We don’t know yet, but right now it looks like summer slow down. Let’s start with the stats – how did July look? Average prices in Maryland for July are up 13.6% to $446,802. Since June 2021, the supply/months of inventory increased to 1.1 (in July 2020, it was 2) and median… Continue reading How’s the Market? Is it softening? Is this a shift?
Before You Buy Your First Rental Property Image via Rawpixel Important Resources to Read Before You Before You Buy Your First Rental Property | Purchasing a rental property, be it a short-term or long-term rental, can end up being a good investment. It can produce a significant income and set the stage for other types… Continue reading Important Resources to Read Before You Buy Your First Rental Property
Current Market Demand Buyer demand is high – Thank you Captain Obvious! The market in May has softened a bit though (down 7%). Demand is strongest for single family homes priced above $950,000 and higher priced condos. Inventory Inventory is low (similar to 2019 levels). There is 0.7 months of supply for mid-priced single family… Continue reading 2021 Mid-year Market Review Check in!
Living in Takoma Park Do you know there’s a city in the DC Metro area that’s known for being so progressive that 16-year-olds can vote in local elections? In this episode of Saving DMV, I’m going to give you a tour of Montgomery County’s Takoma Park. We’ll explore everything that makes this city unique so… Continue reading What Is It Like Living in Takoma Park?
How You Can Prepare Your Personal Finances so You Can Invest in Real Estate Prepare Your Personal Finances | Welcome back to our series – Why you should invest in real estate, where Kris and I talk to you about how you can invest in real estate. This video is about how you can get… Continue reading How You Can Prepare Your Personal Finances
I give you a market update that talks about both national real estate trends and what is happening in our local DC metro area market. How is the real estate market in this pandemic? Realtor (national) perspective on buyer attitude shifts: 43% buyers delaying process a couple of months 19% buyers stopped looking due to… Continue reading How has Covid-19 Affected the Real Estate Market?