The Washington metro area has a strong real estate market characterized by remarkably low inventory, so we’re a little puzzled by the frequency of “off market” listings – those listings that are not put in the multiple listing system (MLS). One may hear them referred to as private exclusives or pocket listings, but under either banner these are homes that are not exposed to the broadest possible market.
In a market where buyers are clamoring for choices, why would a seller intentionally choose to do that?
2017 ended with a bit of a whimper, as contract activity on our region’s real estate market cooled off along with the weather. But it was an overall solid year, with Washington, D.C. continuing to outpace its suburban neighbors. What’s ahead for 2018?
We’ll put our forecast into three categories: Steady State, the Wildcard and the Tantalizing Possibility.
We frequently get questions from clients who are taking on decorating and remodeling projects and want to ensure their dollars are invested wisely.
Which looks will last for years to come, and which ones will feel dated quickly? What colors and styles are most popular among buyers in our area? How can I add the most value to my home?
So we’ve rounded up some of the hottest trends in home design to help guide you through the process. Whether you’ve planned a simple refresh or a full-scale renovation, making smart and informed design choices will help you maximize your return on investment … and minimize the chance of “remodeler’s remorse” down the road.
Bubbles are great to have in champagne, baths, and a host of other things, but they are not good for the real estate market.
A real estate bubble generally is caused by unjustified speculation in the housing market that leads to a rapid and unsustainable increase in prices. When it bursts, prices decline quickly – often to levels lower than when the run up in prices began. The whole country experienced a painful bursting bubble almost a decade ago, and its impact was felt far beyond the real estate market.
There is no doubt that home prices have risen significantly in the metro area during the past several years and affordability, especially for first-time homebuyers, is a real concern. But are we in a bubble? The short answer is no.
A common misconception I find is that many people do not realize that real estate agents can help clients not only when they’re looking to buy or sell a property, but when they’re looking to rent, as well. Not all agents will work with renters, but I do!
How did you get started in the real estate industry?
My background is in journalism, and I used to work as a newspaper reporter. As my husband and I were planning to move back to the States after serving two years overseas with the State Dept., a colleague suggested to me that I’d be great in real estate. I looked into what it would take to get a license. I ended up taking the licensure classes and sat for the national, Virginia and D.C. exams when we got back. And that was almost two years ago!