by jtadmin | Oct 28, 2020 | Life in the DMV
In case you need more evidence of how hot the local housing market has been this year, home seller profits have shot up over the past six months. Homeowners in the DC area who sold in the third quarter of 2020 saw an average profit of $92,100, according to the latest...
by jtadmin | Oct 7, 2020 | Articles, Life in the DMV
Exceptional demand for new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted. Sales of newly built homes jumped to the highest level in 14 years in August, but builders’ supply dropped to...
by jtadmin | Sep 23, 2020 | Life in the DMV
A new development plan calls for razing a dentist office on Chevy Chase Drive in Bethesda and replacing it with a 70-unit condominium building. The condo building would stand a maximum of 70 feet tall, according to project plans filed with the Montgomery County...
by jtadmin | Sep 16, 2020 | Life in the DMV
The DC region just had its strongest August housing market ever, with record home prices and record sales driven by record demand and record low interest rates. Urban Turf has published some of the more telling statistics from the August market. $515,000 — The...
by jtadmin | Sep 9, 2020 | Life in the DMV
Long-term mortgage rates remain just below 3% and just above their all-time record low. A year ago, rates were 56 basis points higher. UrbanTurf has taken its semi-regular look to see how the much lower rates are impacting mortgage payments. A home with a $800,000...
