After a year of economic ups and downs and plenty of political uncertainty, 2016 ended up a relatively calm year for Washington’s real estate market. Plenty of individual neighborhoods in our area saw significant swings, but overall we continued to see strong levels of activity that is well balanced between buyers and sellers throughout the...
With the many different projects reported annually in Remodeling Magazine’s Cost vs. Value Report, not much has changed from last year…and that’s not a bad thing. The 29 projects found on this year’s report paid back an average of 64.3 cents on the dollar in resale value. Looking at the 24 most tracked projects (projects consistently tracked for the last six years), their payback for 2017...
Even though much of the District is in what we would consider a fairly normal market, with moderate price increases and a climate that favors neither buyers nor sellers, there are some pockets that remain hot sellers’ markets. Whether it’s the most sought-after neighborhood or a hard-to-find price point, the end result is often the...
With the number of fully available homes on the market near record lows for this time of year and with fewer new listings coming on the market, is there any relief in sight for buyers who are frustrated by their lack of choices? Also, why aren’t more sellers taking advantage of this low inventory by...