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Mortgage rates hit 4 1/2 year low. Freddie says 30-year mortgage rates dropped to 5.47% this week, continuing to fall since the Nov. 25 Fed decision to buy $500B in mortgage-backed securities.
12/15/2008
I wanted to let you know that I am rolling out a brand new, innovative service for my friends, family, and clients called Voice Pad.  It is a FREE service available to you anytime - 24 hours a day, 7 days a week, and it allows you to instantly obtain information on any property on the market.  It...
12/15/2008
The Nov. 25 announcement of a Federal Reserve commitment to purchase $600 billion of mortgage-related debt from Fannie Mae, Freddie Mac and the Federal Home Loan Banks put immediate downward pressure on U.S. mortgage rates. Bankrate Inc. reports that average interest on 30-year fixed loans droppe...
12/01/2008
Here are some stats for Georgetown.  You will notice that we currently have more active listings than any other broker.  Also, that in the past 6 months, we and Washington Fine Properties have each been on the Buyer's side of 16 of the settled sales. Active Listings - Fee Simple and Condo/Coop:  ...
11/24/2008
D.C. Government Relaxes Some Tax Laws for Inauguration Rentals The D.C. Office of Tax and Revenue will suspend its sales tax on property rentals to transients for residents who want to rent their apartments or homes to out-of-towners for the inauguration. The city usually assesses a 14.5 percent ...
11/24/2008
District of Columbia Tax Year 2009   Homestead Deduction  (§ 47-850 DC Code).   A condition of eligibility for this program is that the applicant resides in the "owner-occupied property as [his or her] principal residence." For purposes of levying the real property tax during a tax year, the Mayo...
11/24/2008
Last Monday, November 10, the DC Council passed the “Fiscal Year 2009 Balanced Budget Request Emergency Act of 2008”.  There were no public hearings on this legislation.  The legislation passed unanimously by a vote of 13-0 with only Councilmember Marion Barry asking for a delay in the vote for ...
11/18/2008
This past Sunday, I held open a very nice one bedroom, one bath condo in Cleveland Park at Vaughan Place at McLean Gardens, unit #522. It is not one of the renovated units, but it is very nice, has a gorgeous view from the balcony, and is about 750 square feet.  The asking price has recently been...
11/10/2008
Existing single-family home sales jumped 6.2% in September to its highest level in more than a year, according to figures released by the National Association of Realtors. NAR reported that sales of previously owned homes rose on a seasonally adjusted annual rate to 4.62 million units in Septembe...
10/28/2008
(SOURCE: KIPLINGER.COM- Oct. 23, 2008)  "Gloomy" is the word most often used these days by Americans when polled about their future.  According to Kiplinger.com newsletter quoting a most recent ABC News poll "a record 90% of registered voters say the country is seriously off on the wrong track." ...
10/28/2008
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Shari Walker

Licensed in DC, MD, & VA
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A fresh perspective on real estate, Washington DC, and Washington DC real estate.