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.

Continue reading “Home maintenance tips from McEnearney Associates”

Advertisements

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.

Continue reading “Absorption rates: D.C. metro area contract activity”

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.

Continue reading “Absorption Rates (August 2018): What’s hot, what’s not”

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:

Continue reading “Easy ways to keep water out of your basement”

In-depth reviews of D.C. area real estate markets (First half of 2018)

We know all real estate is local, and market conditions vary widely from community to community. We have taken a comprehensive look at the dynamics throughout the metro area (Alexandria; Arlington County & Falls Church City; Northern Virginia; Loudoun, Fauquier & Prince William counties; Washington, D.C.; and Suburban Maryland) for the first half of 2018 with a level of detail you won’t find anywhere else.

Continue reading “In-depth reviews of D.C. area real estate markets (First half of 2018)”

Summer 2018: No one has all the buyers

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?

Continue reading “Summer 2018: No one has all the buyers”

Winter 2018 Marketwatch: More of the same?

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.

Continue reading “Winter 2018 Marketwatch: More of the same?”