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
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Category: Market News
How’s the Market? Oct 2021
Demand | Market Oct 2021? How’s the Market Oct 2021? We started to see a softening at the end of the summer and we were not sure if that was going to be a blip or continue. Demand for homes in the DC Metro area eased in October. The Bright MLS | T3 Home Demand… Continue reading How’s the Market? Oct 2021
How’s the Market?
So, How’s the Market? If you have been paying attention to the market, you can feel that it slowed in August. A lot of buyers and agents were on vacations or getting into the back-to-school groove. Typically, this area sees a slow down in August, but we missed that slowed down last year due to… Continue reading How’s the Market?
2021 Mid-year Market Review Check in!
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!
How is the Market? A covid update since April 2020
A Covid Update Since April 2020 Let’s start by talking about what happened. The US has experienced the longest economic expansion ever and then 10 years of progress was lost in a single month. While we are not back to fully recovered, the housing market has continued to do well. And in general, people who… Continue reading How is the Market? A covid update since April 2020
How’s the Market? September 2020 vs 2019
September 2020 vs 2019 As we head into the late fall, let’s take a look at the housing market and see where we are. This year has several “unusual forces” acting upon it – covid-19 and everything that comes with it, the looming vaccine(s), the upcoming election, a potential Presidential transition, and the inauguration. … Continue reading How’s the Market? September 2020 vs 2019
Midyear 2020 Pricing Review
Midyear 2020 Pricing Review Midyear 2020 Pricing Review | How is the market? Average and median sales prices are up in DC, Montgomery and PG county for Jan-July 2020. Maryland Real Estate. If we look at Maryland as a whole we see similar trends as well. “While real estate remains a bright spot in this… Continue reading Midyear 2020 Pricing Review
How has Covid-19 Affected the Real Estate Market?
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?
FHFA Announces New Conforming Loan Limits for 2023
Conforming Loan Limits The Federal Housing Finance Agency (FHFA) has announced it will be increasing maximum conforming loan limits in 2023.
What happens next? How a house’s status affects your offer strategy
Welcome back to the next video in my series, Demystifying Real Estate Offers. We started by talking about what goes in to writing an offer. Then we talked about comps. Now we are talking about “What Happens Next?”. So you have reviewed the comps, and you have an estimate for the likely selling price of… Continue reading What happens next? How a house’s status affects your offer strategy