As a real estate professional, I’m often asked if now is a good time to buy or sell a home. The answer is yes! It’s a great time to move, and I’d like to tell you some of the reasons this is such a unique market. Property values have been increasing in most places across … Continue reading My Letter to You on the Washington Market
Maryland
Tips for Maintaining Your Home in Spring
Tips for Maintaining Your Home in Spring If you’re like me, you’re always happy to see warm weather arrive so you can enjoy not only the inside of your home, but the outside too. You’ll get even more enjoyment if your house is in good repair, and you have taken measures to address the effects … Continue reading Tips for Maintaining Your Home in Spring
The Lack of Inventory Makes for a Seller’s Market
As usual, with the spring market comes a fluster of buyers in the market, but much to their surprise this year — very little inventory. This lack of inventory is restricting the amount of homes being sold and driving up prices. For the entire Bright MLS market, first quarter sales were 2.2% lower than last … Continue reading The Lack of Inventory Makes for a Seller’s Market
Don’t Wait to Sell Your House! Buyers Are Out Now
Recently released data from the National Association of Realtors (NAR) suggests that now is a great time to sell your home. The concept of ‘supply & demand’ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. Let’s see how … Continue reading Don’t Wait to Sell Your House! Buyers Are Out Now
Demand is Rising for Properties Like Yours!
Dear Friends, The real estate market is very attractive for homeowners right now. Housing inventory is down, prices are rising and, while mortgage rates remain low, they will likely grind higher through 2018. As you know, real estate is very similar to the stock market in that you’d like to “buy low and sell high”. … Continue reading Demand is Rising for Properties Like Yours!
What are Riparian Rights in Maryland and Virginia Waterfront Property?
Riparian water rights are the rights that landowners have to make "exclusive use" or “reasonable use” of the water that abuts, or flows through or over their properties. Examples of riparian rights include the right to build structures like docks or piers, access to the water for the purposes of swimming or fishing, and the … Continue reading What are Riparian Rights in Maryland and Virginia Waterfront Property?
CMAs, BPOs, AVMs and Appraisals Explained
This article explains the four most common valuation methods used for real property transactions and how and when they are used. It’s important to note that the methods below are not necessarily mutually exclusive. Lenders, servicers, investors, and other professionals use one or more of these valuation methods, depending on circumstances and the type of … Continue reading CMAs, BPOs, AVMs and Appraisals Explained
Winter Maintenance Must-Dos
Failure to prepare your home for the upcoming winter months can have dire consequences on your wallet, as well as pose a safety hazard for others. Even those in warmer climates will want to be careful this time of year: Everyone can benefit from an annual maintenance tune-up, and even in the South a winter … Continue reading Winter Maintenance Must-Dos
Long & Foster, Wes Foster, and Warren Buffett
W.C. & A.N. Miller Realtors® succeeded as a division of its Washington, DC parent company. The Miller company was founded on integrity, professionalism, hard work and trust; values that never waver. We proudly carry on the heritage of W.C. & A.N. Miller Realtors (founded 1912) and Christie's International Real Estate (founded 1766), businesses long recognized … Continue reading Long & Foster, Wes Foster, and Warren Buffett
How Long Do Most Families Stay in Their Home?
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median … Continue reading How Long Do Most Families Stay in Their Home?
Sellers: Your Home Must Be Sold TWICE
In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal. If prices are surging, it is difficult for … Continue reading Sellers: Your Home Must Be Sold TWICE
DC area prices reach highest monthly level on record in May
Washington D.C. Metro home prices set new all-time high of $460,000. May closed sales and new pending sales at decade highs; inventories continue to shrink by double-digits. Rockville, MD – (June 12, 2017) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by … Continue reading DC area prices reach highest monthly level on record in May
Online Real Estate Information Resources
Where to look? What to rely on? How to keep current? I initiated this blog years ago because my Clients need and want trustworthy and informed resources on real estate matters. My clients also get prompt access directly to me to address important questions and issues they encounter and to prepare them for the transactional … Continue reading Online Real Estate Information Resources
All New Deep Data For Your Neighborhood
In my regular email newsletter, there is a featured service where you can get the real story on your neighborhood -- or any neighborhood -- and see data about everything from schools to household income. Use the Neighborhood Widget to get all sorts of facts about your neighborhood or any neighborhood including schools, income levels … Continue reading All New Deep Data For Your Neighborhood
The Difference an Hour Makes!
Ever wonder what happens every hour in the housing market?
"Decades of Exceptional Results" 