What now??!I was reading the Conference Board's latest update as I wrote my June DC real estate market report, my spirits sinking lower with each paragraph, until.... June 2023 DC Real Estate Market Update The end of May is usually the time when DC real estate prices are jumping with each sale, bidding wars are the norm, and market activity is at its frenzied annual peak,. But this year, the outlook for late spring is about as sunny as yesterday’s weather. Last week, mortgage interest rates rose to near 7% again, slamming the door shut on home purchases for many buyers. Potential home sellers are aware that prices are softer than usual, even falling for some neighborhoods and home types, so they're holding back until the market improves, contributing to lower inventory vexing willing an... 05/30/2023

 [ This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.Shaw is the place to be and the neighborhood has a great feel of new & old woven together.  As we swing into summer, we have stabilized a bit from the market contraction we saw at the end of the year.  We are about the same numbers with homes sold in April vs. the previous month for a total of 43 homes sold in April 2023. This month we are again below the 5 year average of 81, but moving into summer, we wo... 05/29/2023

Capitol Hill is also a neighborhood in Washington, a big village, split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the north side, an iconic landmark is Union Station, with some 40 million people annually, shown here to represent the local perspective. This is a true transportation hub, with Amtrak, suburban rail, intercity  bus and the Metro(subway) stations to converge. As of 2019, 2nd busiest station in the country.As of February 2016, the H Street Trolley now gets people from (almost) Union Station to past the 15th St Starburst.This view shows the station as you drive up in a cab, or Bikeshare or walk from Capitol Hill on left.  If you were there today, you'd see no cabs, and no people inside (or... 05/29/2023

Capitol Hill is not only a political idea, it is also a big village, a neighborhood split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the south side of this neighborhood is Barracks Row, and the ever growing and popular Navy Yard with the Nationals Park neighborhood.  Let's consider that we will return to some level of foot traffic here in the summer of 2022, even if not 2019 levels yet.The Navy Yard has very good Metro access, and is also home to baseball's Nationals Park. This neighborhood has also become the 'it' neighborhood, growing faster than any other in the past year.  All the residential growth has fueled demand for lots of new neighborhood amenities, which brings more people.  It certainly ... 05/29/2023

This quote is getting older, but even more relevant in 2023. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2O15) saying "Southwest is an absolutely incredible neighborhood.  It's a neighborhood that has so many things: Metro stations, water access, parks & greenspaces, small and big residential buildings.  A lot of people just didn't realize it was there".Audi Field, home of DC United Soccer, as well as PNHoffman's The Wharf will ensure a lot more people find this neighborhood.This view shows the opening day, which was a good day, albeit with opening issues. DC United has upped it's game this season with a few team additions, surely to benefit a stronger team.   A total of 15 homes were sold in April 2023, a drop from the previous month and a few less than th... 05/29/2023

Capitol Hill is also a neighborhood in Washington, a big village, split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the north side, an iconic landmark is Union Station, with some 40 million people annually, shown here to represent the local perspective. This is a true transportation hub, with Amtrak, suburban rail, intercity  bus and the Metro(subway) stations to converge. As of 2019, 2nd busiest station in the country.As of February 2016, the H Street Trolley now gets people from (almost) Union Station to past the 15th St Starburst.This view shows the station as you drive up in a cab, or Bikeshare or walk from Capitol Hill on left.  If you were there today, you'd see no cabs, and no people inside (or... 04/30/2023

 [ This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.Shaw is the place to be and the neighborhood has a great feel of new & old woven together.  As we swing into spring, we are seeing a nice rebound from the market contraction we saw at the end of the year.  We see a few more homes sold in March vs. the previous month for a total of 47 homes sold in March 2023. This month we are again below the 5 year average of 70, but moving into spring, we are starting to... 04/30/2023

Capitol Hill is not only a political idea, it is also a big village, a neighborhood split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the south side of this neighborhood is Barracks Row, and the ever growing and popular Navy Yard with the Nationals Park neighborhood.  Let's consider that we will return to some level of foot traffic here in the summer of 2022, even if not 2019 levels yet.The Navy Yard has very good Metro access, and is also home to baseball's Nationals Park. This neighborhood has also become the 'it' neighborhood, growing faster than any other in the past year.  All the residential growth has fueled demand for lots of new neighborhood amenities, which brings more people.  It certainly ... 04/30/2023

This quote is getting older, but even more relevant in 2022. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2O15) saying "Southwest is an absolutely incredible neighborhood.  It's a neighborhood that has so many things: Metro stations, water access, parks & greenspaces, small and big residential buildings.  A lot of people just didn't realize it was there".Audi Field, home of DC United Soccer, as well as PNHoffman's The Wharf will ensure a lot more people find this neighborhood.This view shows the opening day, which was a good day, albeit with opening issues. DC United has upped it's game this season with a few team additions, surely to benefit a stronger team.   A total of 21 homes were sold in March 2023, a few more than the previous month and just about the... 04/30/2023

 [ This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.Shaw is the place to be and the neighborhood has a great feel of new & old woven together.  As we swing into spring, we are seeing a nice rebound from the market contraction we saw at the end of the year.  Weather can affect housing and February numbers of sold vs. the previous month have started to increase again for a total of 41 homes sold in February 2023. This month we are again below the 5 year avera... 03/29/2023

Capitol Hill is also a neighborhood in Washington, a big village, split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the north side, an iconic landmark is Union Station, with some 40 million people annually, shown here to represent the local perspective. This is a true transportation hub, with Amtrak, suburban rail, intercity  bus and the Metro(subway) stations to converge. As of 2019, 2nd busiest station in the country.As of February 2016, the H Street Trolley now gets people from (almost) Union Station to past the 15th St Starburst.This view shows the station as you drive up in a cab, or Bikeshare or walk from Capitol Hill on left.  If you were there today, you'd see no cabs, and no people inside (or... 03/29/2023

Capitol Hill is not only a political idea, it is also a big village, a neighborhood split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the south side of this neighborhood is Barracks Row, and the ever growing and popular Navy Yard with the Nationals Park neighborhood.  Let's consider that we will return to some level of foot traffic here in the summer of 2022, even if not 2019 levels yet.The Navy Yard has very good Metro access, and is also home to baseball's Nationals Park. This neighborhood has also become the 'it' neighborhood, growing faster than any other in the past year.  All the residential growth has fueled demand for lots of new neighborhood amenities, which brings more people.  It certainly ... 03/29/2023

This quote is getting older, but even more relevant in 2022. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2O15) saying "Southwest is an absolutely incredible neighborhood.  It's a neighborhood that has so many things: Metro stations, water access, parks & greenspaces, small and big residential buildings.  A lot of people just didn't realize it was there".Audi Field, home of DC United Soccer, as well as PNHoffman's The Wharf will ensure a lot more people find this neighborhood.This view shows the opening day, which was a good day, albeit with opening issues. DC United has upped it's game this season with a few team additions, surely to benefit a stronger team.   A total of 16 homes were sold in February 2023, a few more than the previous month and just about ... 03/29/2023

As the Washington DC real estate market braces itself against higher interest rates, credit tightening, inventory shortages, recession fears and an upcoming election year, the DC Council is beginning the process of redrawing DC school boundaries.It's a term that raises the hackles of home owners and parents in a battle of access vs home values.Boundaries, Feeder Patterns And Resale ValueWhat's at stake?Boundary redraws can affect home values, school rankings and campus & community culture. The process can also effect a more equal quality of education for all DC students.What Are School Boundaries and Feeder Patterns? The DC Public Schools (DCPS) system consists mostly of neighborhood schools with specific geographic boundaries and include ‘feeder patterns’ that "feed" students directly ... 03/26/2023

DC REAL ESTATE Private Exclusives: The Party You Weren't Invited To   “How did I miss that?” When you hear that properties are being bought and sold without ever coming on the market, does it feel like you missed a great private party because you weren't invited?  With inventory so tight in the Washington DC real estate market, you need every advantage possible. Being left out of a secret cache of inventory just isn't acceptable! Private Exclusives are off-market listings on the Compass network, available only through Compass agents. You won’t find them on public real estate search sites, or the MLS. A significant portion of DC real estate is being marketed and sold on private networks, and Compass has the largest and most sophisticated of them all. Fortunately, we can offer you an invi... 03/26/2023

We're heading into spring 2023 in the DC real estate market, and everyone wants to know what to expect. Here's our take:Rates, Inflation & Recession, Oh My!2023 got off to a rocky start with uninspiring reports from the foreboding comments from Fed Chair Powell on March 7th:“If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes.”Read moreFinancial market reaction was swift and brutal. The major indexes dropped more than 1 percent and the two year Treasury note shot up to its highest market since 2007. Nasdaq lost 1.3 percent. Ouch.The CME FedWatch put a 61+% probability on the Fed raising rates by 50 basis points at the next FOMC meeting on March 22nd. But that didn't happen. Why?Bank failures. SVB and S... 03/26/2023

Just released March CPI Report & latest inflation date - how they'll impact the Fed's decision on rate hikes.Read it at realestateinthedistrict.com 03/14/2023

Wondering what's happening with real estate in Washington DC? Here are the numbers for January 2023.What's TrendingNotice that New Listings and Pending Sales are up this month over last month, but both are down compared to last year. Closed Sales are down from last month, and from last year. We often see a drop because of the winter holidays when people are busy and not buying homes in December. Winter PricingPrices are down from last year as well as from last month to this month. While we generally see lower prices in Washington DC in January and February, this year sales decreased quickly and the prices began dropping faster and later.IndicatorsThere are a lot more active listings this January compared to the 5-year January Average which will means buyers have a lot to choose from and... 03/01/2023

 [ This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.Shaw is the place to be and the neighborhood has a great feel of new & old woven together.  Moving into the new year, thoughts turn to resolutions and goals for the new year.  Weather can affect housing and January numbers of sold vs. the previous month were about the same again for a total of 30 homes sold in January 2023. This month we are again below the 5 year average of 56. Moving forward to spring, w... 02/26/2023

Capitol Hill is also a neighborhood in Washington, a big village, split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the north side, an iconic landmark is Union Station, with some 40 million people annually, shown here to represent the local perspective. This is a true transportation hub, with Amtrak, suburban rail, intercity  bus and the Metro(subway) stations to converge. As of 2019, 2nd busiest station in the country.As of February 2016, the H Street Trolley now gets people from (almost) Union Station to past the 15th St Starburst.This view shows the station as you drive up in a cab, or Bikeshare or walk from Capitol Hill on left.  If you were there today, you'd see no cabs, and no people inside (or... 02/26/2023