As our time at home continues, we’re in our spaces more than ever, and some might be looking a bit dull or in need of a breath of new life. Without having to travel too much for supplies, here are 10 easy projects you can accomplish this weekend.Continue reading “10 DIY projects you can finish in a weekend”
We’re now more than two months into the region’s – and the nation’s – efforts to cope with the COVID-19 pandemic and everyone, in every walk of life, has been impacted in some way. The real estate market is no exception. We believe that an important part of what we do at McEnearney Associates is to provide accurate, timely information to our clients so they can make informed decisions, and we want to offer a candid view of some of the myths and the truths about the state of the market.Continue reading “COVID-19’s impact on the regions market – Three myths & three truths”
Question: How do I navigate the current mortgage environment?
Answer: A great deal has changed in the mortgage industry over the past several weeks as the industry responds to COVID-19 economic concerns. Real estate agents and consumers need to be aware of the changes as they navigate the current residential real estate market.Continue reading “How do I navigate the current mortgage environment?”
Question: As a buyer, what should I know before diving into the current Virginia real estate market?
Answer: Real estate sales are governed by state contract law and property law. Depending on the circumstances, buyers in Virginia can expose themselves to significant risk if they are not fully aware of their rights and responsibilities.Continue reading “What should I know before diving into the current Virginia real estate market?”
A great deal has changed in the mortgage industry over the past two weeks as the industry responds to COVID-19 economic concerns. Real estate agents and consumers need to be aware of the changes as they navigate the current residential real estate market.Continue reading “The state of the mortgage industry during COVID-19”
With restaurants and most activities closed, many businesses shuttered or the employees sent to work at home, and governors’ stay-at-home orders, you may have a lot of extra time on your hands. Many people are taking stock of their own personal situations during this crisis.
Now is a good time to consider whether you need a new home, or perhaps it’s time to downsize from the ol’ family homestead. The real estate market was very strong heading into the COVID-19 pandemic and there is good reason to believe it will regain its strength when the crisis passes. It isn’t dormant, however. Real estate transactions can, and do, still take place today.Continue reading “Where are we now, and where are we going?”
Question: How do I sell a home during this coronavirus environment?
Answer: In good times and bad, there are few things more important to us than the place we call home. In uncertain times deciding to buy or sell a home can create increased angst and pressure on the individual that can influence the local real estate market. People who are being transferred in or out of the area may feel the greatest anxiety.
The limited inventory of houses available will, most likely, become even more limited as owners “hunker down and self-quarantine.” Expect fewer in-person viewings as buyers and their agents follow CDC guidelines for physical interactions, but prepare for increased demand of virtual showings with enhanced video and 3-D floorplans.
However, while these are extraordinary times, many practices can remain the same with a bit of tweaking. Sellers who are anxious about selling during this coronavirus challenge may find a bit of solace and opportunity in The Shannon Group’s Home Seller’s 11 Helpful Hints for success in today’s complex and jittery residential markets.Continue reading “How do I sell a home during this coronavirus environment?”
Annually named by Pantone Color Institute since 1963, the Color of the Year is highly anticipated by artists and designers across a multitude of industries.
For 2020, the experts at Pantone have selected Classic Blue, traditional and enduring, yet classy and modern. Classic Blue has been a staple of fashion, design, and home decor for decades. According to Pantone, classic blue fosters a sense of “calm, confidence and connection,” and it “highlights our desire for a dependable and stable foundation on which to build as we cross the threshold into a new era.”
—McEnearney Associates, “2020 Pantone color of the year: Classic Blue”
David Howell, McEnearney Associates CIO: I want to thank Tom Williams of our Spring Valley office for letting us shoot in this beautiful home at 3304 Cummings Lane in Chevy Chase, Maryland. It’s incredible new construction, and it’s just immaculate. Over 5,300 square feet with five bedrooms and four and a half baths, there are thoughtful details throughout the house. One of my favorites is the crumb vacuum built into the kitchen island baseboard. Click here for the listing details, and I think you’ll be blown away.
At the start of the year, we predicted that this year’s Washington, DC metro area real estate market would look a lot like 2018: stable contract activity, modest price appreciation, stable mortgage interest rates, and continuing low inventory. With over half of the year in the books, we were mostly right – with one glaring exception: the inventory of available homes.