The suburbs have seen a resurgence in housing demand in recent years thanks to the increased affordability and lower crime rates of these areas. Realtor.com® recently highlighted 10 cities with vibrant and fast-growing suburban areas. While only one of the suburbs in the spotlight falls into our service area, the increase in housing demand for… Read more »
Recent statistics published in the Washington Post indicate that the DC real estate continues to experience a resurgence in demand and home prices. Market analysts point to an almost 20 percent increase in real estate sales for January 2017 over the same month in 2016. Median home prices in many neighborhoods have risen dramatically; some areas have… Read more »
When the Consumer Financial Protection Bureau (CFPB) announced their proposed changes to the Know Before You Owe rule this summer, it was immediately apparent that the National Association of Realtors had secured a decisive victory. NAR initially reached out to the CFPB in a June letter that highlighted three issues many realtors were experiencing with… Read more »
Conventional wisdom says that it’s wise to refinance a mortgage after interest rates plunge. With the current rate sitting near record lows, borrowers everywhere are rushing to refinance. Here’s five factors you can share with borrowers to help them evaluate whether or not now is the right time and if they’re ready. 1. Your Rate… Read more »
Newly build home sales rose in July to the highest they’ve been in almost a decade, signaling continued momentum in the U.S. housing market. Momentum Building in the Housing Market July’s seasonally adjusted annual rate of 654,000 new single-family home sales was a 12.4% increase over June, marking the highest level since October 2007, according… Read more »