Washington, DC Market: 2009 Review and 2010 Outlook

01/20/201002/24/2010 / F. Hill Slowinski

Positive Trend Reverses Declines Since 2004 New sales contracts in 2009 for residential properties were 21% ahead of 2008. The number of properties on the market at the end of 2009 was 25% lower than the end of 2008 -- a five month supply. This is a market which most housing economists feel is in … Continue reading Washington, DC Market: 2009 Review and 2010 Outlook

New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers

01/20/201001/20/2010 / F. Hill Slowinski

New RESPA Regulations, HUD-1 Effective January 1, 2010 Changes under the Real Estate Settlement Procedures Act provide some improvements to borrowers, making it easier to compare loan terms and committing lenders to stick with their quoted fees. The new Good Faith Estimate (GFE) will be uniformly used by all lenders so that borrowers will be … Continue reading New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers

You are the sources of many interesting questions that become the topics I post to this website. I hope these are informative and that I can serve as a resource that provides timely information to new and experienced property owners alike.

Whether it is an in-town residence, vacation home, farm, commercial property, or resort, buying or selling or leasing real estate can be challenging. It is a complex contractual, marketing, legal, and financial process.

You deserve the services of a full-time, dedicated real estate agent. I work very closely on each stage with you and advise you throughout it. I combine my training in law and negotiations with an in-depth knowledge of buyer and seller expectations, the requirements of each jurisdiction, neighborhood trends, and today’s market.

Please send me questions or requests on the Greater Washington, DC area real estate market. I'll help you, and I will also address matters of broader interest to readers in this blog.

With Warm Regards,

--Hill

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Your luxury Real Estate Specialist

Long & Foster | Forbes Global Properties | Luxury Portfolio International

Day: 01/20/2010

Washington, DC Market: 2009 Review and 2010 Outlook

New Good Faith Estimates, HUD-1 Form Provide Benefits to Borrowers