Updated 3 bedroom, 2 bath home in the trees. Living room with wood burning fireplace & built-ins, dining room with two exposures, marble kitchen opens to flagstone patio & detached garage. Lovely sunroom/ office & lower level rec room/ guest room. Central air & hardwood floors throughout. In the heart of Cleveland Park, close to Metro, restaurants, shops & trails with access to Rock Creek Park.
Visit www.3113Quebec.com to view architectural photos and color floor plan.
Updated 2 bedroom condo with 2 full baths, great kitchen, balcony w/ park views and garage parking. First class building with 24-hour front desk, 2 pools, party/social room, fitness center, laundry room on each floor, underground access to Giant, steps to Metro, restaurants & shops.
Monthly Condo fee: $986.00 includes gas, electric, water, sewer, heat/AC, reserve funds, professional management, maintenance of commons areas, trash removal, condo liability insurance & building amenities.
Building Amenities: 24-hour front desk w/ package acceptance, 2 pools, fitness center, party room, washer & dryer on each floor, underground access to Giant, steps to Metro, up to 2
Real Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house?
Conlon responded:
“I am a true believer that you save every penny and you buy your first house… and that is still the fastest path to wealth in this country.”
Conlon went on to suggest that first-time buyers put down 10-20% “if they can make it work,” and to remain in their home at least 4-5 years to see a return on their investment.
Who is Sean Conlon, and why should you listen to his advice?
Within a few years of working in the real estate industry, Conlon had established himself as one of the leading agents in the United States and has founded 3 billion-dollar brokerages dealing in
In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.
SUPPLY
The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply necessary for a normal market.
DEMAND
Every month NAR reports on the number of buyers out in the market looking for homes, which is also known as buyer traffic. As seen on the map below, buyer demand in March was strong or very strong in 45 out of 50 states nationwide, and Washington, DC.
Many buyers are being confronted with a very competitive market in which they must compete with other
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state?
Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense.
By determining the percentage of income spent renting a 2-bedroom apartment in each state, and the amount needed for a 10% down payment, we were able to establish how long
Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”
The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs.
The national index score was rounded out to 100 in January and saw a modest jump to 100.5 in February.
Alaska represented the lowest score on the index at 80.7, due mostly to the recent collapse in oil prices. Nevada came in with the highest score at 108.8, boosted by big gains in goods-producing jobs and new
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.
The BH&J Index is a quarterly report that attempts to answer the question:
In today’s housing market, is it better to rent or buy a home?
The index examines the entire US housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of stocks and bonds.”
While most of the metropolitan markets examined moved further into buy
If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
Jonathan Smoke, Chief Economist at realtor.com, revealed in a recent article that:
“The biggest challenge to buyers this spring will be simply finding a home to buy and getting it successfully under contract. That’s because the supply of homes for sale is at an all-time low, and yet demand is strong and getting stronger.”
Fabulous brick, semi-detached home with front porch, entry, living room with fireplace, formal dining room, updated kitchen, powder room & sunroom. Three bedrooms and two full baths upstairs, finished in-law suite with bedroom, kitchen, full bath and family room on lower level. Partially fenced back yard and detached garage. Great location walk to Metro, restaurants & shops.
Visit www.3620Warren.com for architectural photos and color floor plan.
Updated & expanded brick colonial with 2 story addition. Entry foyer, living room with gas fireplace, formal dining room, powder room, large chef's kitchen with breakfast room, mudroom, lovely screened porch, Trex deck, slate patio and huge, flat back yard. Upstairs, spacious master bedroom suite with gorgeous marble bath, two more bedrooms and another full bath. Bright, unfinished walk out basement with laundry, closets, half bath and storage. High ceilings, central air, recessed lighting, new HVAC system and more. Amazing location! Between 2 Metro's, restaurants, grocery stores & shops.
Visit www.3721Yuma.com for architectural photos and color
