Absorption rates: D.C. area market activity

A little slippage

Heading into the fourth quarter of 2018, the real estate market in metro Washington, D.C. remains strong – but not quite as strong as this time last year.

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Home maintenance tips from McEnearney Associates

Now that summer is winding down and we are thinking of hunkering down for the cool weather, it is an opportune time to catch up on routine home maintenance — but where to start?

For many, a home is their largest investment. Keeping track of these items can seem more manageable and less daunting once you realize how simple some tasks can be.

Grab your tool belt, and check out these often-overlooked tips from our Associates.

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Absorption rates: D.C. metro area contract activity

Tipping Points

We’ve been fortunate to have a very healthy real estate market in the metro Washington D.C. area for several years, and as we head into the fall market, that’s still the case.

Last month, we looked at some of the hottest areas in the region, with absorptions rates over 60% – what we call an extreme seller’s market. This month, we’re looking at the other end of the spectrum, where there is plenty of available inventory but less contract activity – those areas and price ranges where the absorption rate is 15% or lower, a buyer’s market.

Generally, that characterizes the market for homes priced more than $1M – to be sure, there are some luxury markets that are hotter than others, but we’re focusing today on homes priced less than $1M because that’s the heart of the market.

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UPDATED: Is Amazon coming to the DMV?

Image credit Medium.com

We’ve gathered all the reports with predictions and analyses about the location of Amazon’s HQ2, which is slated to bring 50,000 white collar jobs and $5B in investments. Where do you think the giant will land?

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What helps a home sell quickly?

You’re looking to sell your home and move on to the next place. You hear it’s a seller’s market, given the low inventory. What can you do to ensure it sells quickly? It’s actually quite simple: How a property looks, where it’s located and it’s price will determine its salability. A property must meet all three criteria to sell; if one of the three is off, it will not sell. That’s it.

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Absorption Rates (August 2018): What’s hot, what’s not

The metro D.C. market has softened a bit, and we think ultimately 2018 is going to look a lot like 2017. But there are plenty of hot spots where sellers have lots of leverage.

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Easy ways to keep water out of your basement

Before you spend thousands or tens of thousands of dollars on “fixing” a wet basement, be sure you are not inviting water in!  Follow these surprisingly easy steps to keep water from your roof and grounds from entering your house.

Most of our Home Inspectors say 95% of wet basement issues are fixable outdoors for just a few hundred dollars.  They say there are 3 easy steps:

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