Brexit and the US Mortgage Market Mortgage rates have fallen to new lows as global investors turned to the 10-year Treasury note as a more stable investment. Affordability, in turn, has increased, with lower mortgage rates making it easier for move-up and first-timers to get into a new home. Similarly, international buyers, who might have … Continue reading Brexit Vote Drives Down Mortgage Rate
The Board of Directors and Hill Slowinski, Co-Chair of the Real Estate Committee of The Greater Bethesda-Chevy Chase Chamber of Commerce, cordially invite you to its 2014 Real Estate Presentation Urbanizing Suburbia in Montgomery County's New Downtowns Work • Live • Play Friday, June 6, at The Round House Theater, Bethesda, MD from 7:30 AM … Continue reading Work • Live • Play: Urbanizing Suburbia in Montgomery County’s New Downtowns
Don't Wait! Move Up to the Home You Always Wanted Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates are still below 5%. However, sellers should realize that … Continue reading Don’t Wait! Move Up to the Home You Always Wanted
Buying - Selling - Renting? Review Your Preparations NOW I encourage you if you are considering buying, selling or renting in the next six months or so to call me now (301-452-1409) as the predictions are the real estate market will be more robust in the first half of 2014. If you are selling, my Homeseller's Handbook provides … Continue reading Buying – Selling – Renting? Review Your Preparations NOW
Current Trends -- Different from Last Year Where we are now: Prices are Leveling Off Inventory is Increasing Interest Rates have Decreased Slightly Activity is Returning to Seasonal Cycles List prices for homes in 2/3 of the largest metropolitan areas are cooling. In fact, they are falling, not just rising more slowly, in 11 of … Continue reading Current Trends — Different from Last Year
Luxury Housing Market Beginning to Surge Sales of homes over $1 million in the country increased 44.1% over the same period last year, says the Wall Street Journal. One reason is financing in the jumbo mortgage market is becoming more readily available, good news in our DC market, where even modest homes can exceed $1 million. Sales of … Continue reading Luxury Housing Market Beginning to Surge
Save 35%, 40%, Even 50% or More - Where to Buy Instead of Rent! Updated reports indicate while rents continue to increase at a significant rate, the cost of homeownership is remarkably more affordable. The infographic below shows where buyers can realize significant savings over time. Nationally it is 44% cheaper to buy versus rent. In fact, homeownership is … Continue reading Save 35%, 40%, Even 50% or More – Where to Buy Instead of Rent!