All About District of Columbia Real Estate

By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
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 14 homes were sold in October 2022, a few less again from the previous month and below ...
Comments 1
By Susan Isaacs "The Momagent", Compass
(1313 14th St NW DC 20005)
If you're shopping for DC real estate in the current market and dismissed the idea of discounted mortgage loans, maybe think again. 🤔Programs like the 5/1 ARM can offer rates a full percentage point or more below 30 year fixed rates, lowering your monthly payments while increasing your purchasing power. And that addresses two major challenges for DC home buyers right now: soaring mortgage interest rates, and tougher loan restrictions.We tell you the why's and how's here:https://realestateinthedistrict.com/dont-waive-your-arms/For a quick take, listen to our audio clip 
Comments 1
By Susan Isaacs "The Momagent", Compass
(1313 14th St NW DC 20005)
Well you're not alone! 😆 There’s more than a little confusion surrounding the national real estate market right now, and here in DC things aren’t much different. Sellers wonder how they went from pre-market bidding wars to double digit days on market, buyers are shell-shocked by rapid-fire rate hikes, investors are holding back, hoping for more price improvement, and real estate agents? Just trying to hold it all together while we help clients navigate a transitioning market.Here's our take this first week of November 2022.  Read the full post at realestateinthedistrict.com
Comments 2
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
 [ 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.  This time of year we typically see a lull in the housing market .  And once again, there are fewer homes than the previous month, with a total of 42 homes sold in September 2022. This month we are nearly at the 5 year average of 49. It's possible these numbers would be higher if  the increasing interest rates weren'...
Comments 3
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
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...
Comments 2
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
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 ...
Comments 2
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
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 September 2022, a drop from the previous month and almost at the ...
Comments 2
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
 [ 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.  Again, a few less homes from the previous month, with a total of 54 homes sold in August 2022. Are the increasing interest rates squelching this red hot market?  Time will tell. We quite a bit below the 5 year average of 70,  we will watch to see if this will continue with interest rates climbing.  We can't predict ...
Comments 5
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
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...
Comments 4
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
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 2021, 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 ...
Comments 2
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
This quote is getting older, but even more relevant in 2021. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2015) 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 26 homes were sold in August 2022, once again, identical to the previous month and a fe...
Comments 3
By Grant Schneider, Your Coach Helping You Create Successful Outcomes
(Performance Development Strategies)
This past weekend Phyllis and I attending a wedding in Washington DC.  It was the one of the friends of my daughter who had grown up in Armonk.  Daryn had gone to college in Washington DC and stayed there afterward.  She was marrying Dmitry, an urban planner who was from Russia.  Our daughter was not able to attend with a two year old and a new born.The hotel was The Moxy by Marriott,a concept for millennials with very small rooms and hip surroundings.  Clearly, we and two other couples were really out of place here.  I took a picture of our room but won't show it here. The wedding was at President Lincoln's cottage where Lincoln spent summer nights during his presidency and where he wrote the Emancipation Proclamation.And one of Ashley's friends snapped a picture of us to send to her. ...
Comments 21
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
 [ 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.  Again, a few less homes from the previous month, with a total of 63 homes sold in July 2022. Is the market contracting?  Time will tell. We have now dropped below the 5 year average of 74,  we will watch to see if this will continue with interest rates climbing.  We'll continue to watch numbers as we move into early...
Comments 4
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
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...
Comments 2
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
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 2021, 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 ...
Comments 1
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
This quote is getting older, but even more relevant in 2021. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2015) 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 26 homes were sold in July 2022, identical to the previous month and almost the same as...
Comments 3
By Todd Ewing, Founder & CEO
(Federal Title & Escrow Company)
A DC first time home buyer who qualifies for DC’s Home Purchase Assistance Program could receive as much as $202,000 for down payment assistance and gap financing beginning October 1, 2022.This is incredible news for DC first time home buyers, as it represents an increase of more than 2.5 times the current maximum amount, which is $80,000. Money from HPAP is issued as a low interest loan that can be deferred for up to the first 5 years.A DC first time home buyer who’s trying to purchase in today’s market is having to overcome a median sales price of about $562,766, according to Urban Turf, which is up year over year despite a supposed slowdown due to rising interest rates.HPAP funds can be used for down payment assistance and/or gap financing, plus qualified HPAP applicants can receive ...
Comments 1
By Todd Ewing, Founder & CEO
(Federal Title & Escrow Company)
Why should I choose a title company near me in DC, Maryland or Virginia when there’s an online title insurance vendor that can close for a few dollars less?The old adage remains true, real estate is local. Only a local title company operating near you and the property you’re looking to buy or sell has deep knowledge of the local real estate customs and regulations. People working at your local title company live in the same communities as you and are committed to taking care of their neighbors – even after closing.Occasionally we receive calls from homebuyers, who are rightfully shopping title companies nearby in their effort to find the lowest closing costs and best service. Then they tell us about the online title insurance vendor who’s offering the same convenient closing technology ...
Comments 1
By Todd Ewing, Founder & CEO
(Federal Title & Escrow Company)
The stories about homes for sale receiving multiple offers, contracts with waived contingencies and properties purchased sight unseen may soon be coming to an end.Rising interest rates, inflation, high home prices and an uncertain economic forecast have helped put the brakes on a runaway housing market that for several years has made it incredibly difficult for homebuyers to gain any traction – first-time homebuyers especially.Redfin reports that the number of sales contracts written by Redfin agents and facing competition has dropped to the lowest levels in two years, 49.9% nationally.In Washington, D.C., the real estate market remains competitive but also shows signs of calming. Last year, nearly 65% of homes offers written by a Redfin agent saw competition, while this year the rate h...
Comments 1
By Claude Labbe, Realty for Your Busy Life
(RLAH / @properties)
 [ 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.  A few less homes from the previous month, with a total of 82 homes sold in June 2022. We are still a decent amount above the 5 year average of 77,  we will watch to see if this will continue with interest rates climbing with a new three quarter point hike.  We'll continue to watch numbers as we move through summer. ...
Comments 4