Friday, December 21, 2012

Home Prices Could Jump 9.7% in 2013, J.P. Morgan Says

Home Prices Could Jump 9.7% in 2013, J.P. Morgan Says

By Al Yoon Real estate news and analysis from The Wall Street Journal

Home-price forecasts for 2013 are on the rise. J.P. Morgan Chase & Co. expects U.S. home prices to rise 3.4% in its base-case estimate and up to 9.7% in its most bullish scenario of economic growth. Click Here to Read More

Monday, December 17, 2012

The Perfect Real Estate Market for First-Time Home Buyers

The Perfect Real Estate Market for First-Time Home Buyers 

John E. Miller, Foreclosure Deals The Insider

If you are a first-time home buyer who has been looking for the perfect opportunity to buy a new home, then the time is now.
Click Here to Read More

Friday, December 14, 2012

Open This Sunday 1-4PM! 5513 WESTBARD AVE, BETHESDA, MD 20816 - $1,169,00

Open This Sunday 1-4PM!
5513 WESTBARD AVE, BETHESDA, MD 20816 - $1,169,000

Come see the fantastic interior of this 5 level, 5 BR, 4.5 BA home in sought after Westwood.Gourmet kitchen with skylights and breakfast room, oversized DR, butlers pantry are ideal for entertaining. Ample living space with huge family room with FP,rec room, media room, formal LR with FP. Great location, less than 2 miles to DC or downtown B-town.  Click Here to See Tour

A new housing boom

A new housing boom

@CNNMoneyOctober 12, 2012: 1:01 PM ET

The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom. Click Here to Read More

Wednesday, December 12, 2012

Bethesda Real Estate Overview - From Trulia

Bethesda Real Estate Overview - From Trulia


Bethesda Summary

Average price per square foot for Bethesda MD was $918, an increase of 24.1% compared to the same period last year. The median sales price for homes in Bethesda MD for Sep 12 to Nov 12 was $719,000 based on 86 home sales. Compared to the same period one year ago, the median home sales price decreased 3.5%, or $26,000, and the number of home sales decreased 68.5%. There are currently 251 resale and new homes in Bethesda on Trulia, including 4 open houses, as well as 24 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Bethesda MD was $1,256,627 for the week ending Dec 05, which represents a decrease of 0.3%, or $4,322, compared to the prior week.

Click Here to Read More

Monday, December 10, 2012

Mortgage rates barely budge from record lows

Mortgage rates barely budge from record lows

Fed report finds improvement in housing markets in 10 of 12 districts


After hitting record lows last week, mortgage rates have stayed tanked amid growing concerns that lawmakers won't reach a compromise to avoid a "fiscal cliff" of automatic tax increases and spending cuts scheduled to take place next year, Freddie Mac said in releasing the results of its weekly Primary Mortgage Market Survey. Click Here to Read More

Friday, December 7, 2012

Open House - 5321 RIDGEFIELD RD, BETHESDA, MD 20816

Open House this Sunday December 9th 1-4PM!

5321 RIDGEFIELD RD, BETHESDA, MD 20816 - $819,000


Tom Nalls and Long & Foster Realtors are pleased to present this large 4 bedroom, 3 full bath, 4 level split in the highly sought after neighborhood of Westwood. This bright, sun-filled home sits on a lot of over 8,690 square feet, located less than a 1/4 mile walk to Giant and Whole foods. A warm first impression is made by the open floor plan of the main floor living and dining rooms, bright updated Corian kitchen and the inviting family room with three walls of glass. Upstairs there are three bedrooms, including the master bedroom with a full bath and a large walk-in closet. The lower level offers den / 4th bedroom with an exterior exit, a convenient mudroom area (with access to garage), a laundry closet, a coat closet and a renovated full bath with a huge marble walk-in shower. Lower level two features a recreation room with a corner fireplace and recessed lighting plus a storage room with ample storage space. Conveniently located on a gorgeous wooded lot with mature plantings and landscaping. This home boasts a private driveway and garage. This ideal location puts you within minutes of DC, downtown Bethesda, and the Beltway. A beautiful house in a wonderful neighborhood....

Click Here to View the Virtual Tour

Schools: Walt Whitman High School, Pyle Middle School, and Wood Acres Elementary

Lot Size: 8,698

Year Built: 1957

* Estimated tax and non-tax charges in the first fiscal year of ownership $8,754.64

Thursday, December 6, 2012

Pending Home Sales Rise in October

Pending Home Sales Rise in October

From the National Association of Realtors®

WASHINGTON (November 29, 2012) - Pending home sales rose strongly in October with mixed regional results, according to the National Association of Realtors®.

Click Here to Read More

Tuesday, December 4, 2012

Sustained home price gains show strength of recovery


Sustained home price gains show strength of recovery

Case-Shiller indices post 6th consecutive month-to-month gain


Consistent home price gains demonstrate that the housing recovery is on solid ground, the publishers of a leading home price index and other industry experts say. Click Here to Read More

Friday, November 30, 2012

Two Opens This Weekend!

The Nalls Have Two Great Opens This Weekend - Come Out and See These Properties:

Open Houses From 1-4PM Dec 2nd!

506 JAYSTONE PL, SILVER SPRING, MD 20905

List Price: $649,900

Beautiful home on cul-de-sac backs to parkland! 4 BR's, 4 FB, 1 HB, dramatic LR, stunning DR, Chef's Kit, mudroom, office, AMAZING MBR suite w/ sitting rm, upper level lounge, walk-out LL! This house has it ALL!Breathta...
king details abound; exquisite built in cabinetry, crown & chair rail moldings, cathedral ceilings & skylights! Huge deck w/ hot & great yard + 3 car garage!

8722 MANCHESTER RD #7, SILVER SPRING, MD 20901
List Price: $119,000

Price is not a typo! Bright, renov., convenient - and at a price you can afford! LRG sunny top floor unit. Large living room & plenty of room for dining area too; generous BR & renov BA off hall for privacy, nicely done new kit w/ maple cabinets; 4 ample closets + extra storage. Fee inc taxes & all utilities!

Tuesday, November 27, 2012

Home sales climb 2% in October

Home sales climb 2% in October

@CNNMoney November 19, 2012: 2:56 PM ET

The pace of sales for previously owned homes rose in October, despite the devastation of Superstorm Sandy, in the latest sign of improvement for the long-battered housing market...
Click Here to Read More

Monday, November 26, 2012

Strong sales and tight inventory boost home prices

Strong sales and tight inventory boost home prices

NAR: Median home price in October up 11.1 percent from a year ago


A combination of rising sales and the lowest inventory in six years helped existing-home prices post annual gains for the eighth month in a row in October, the National Association of Realtors. 

 

Friday, November 16, 2012

November 13, 2012, 8:00 AM.Report: Single-Family Rental Demand Is Outstripping Supply

Report: Single-Family Rental Demand Is Outstripping Supply

By Nick Timiraos WSJ Blogs
November 13, 2012, 8:00 AM

Demand for single-family rental housing is outstripping the available supply of homes, and some housing markets that have been hit hardest by the foreclosure crisis have seen rental demand jump by more than 25% in the past year, according to a report to be released Tuesday by real-estate firm CoreLogic 

Please click here to read more......

Wednesday, November 14, 2012

October DC Metro Market Sees Highest Annual Price Gain since Dec 2005

October DC Metro Market Sees Highest Annual Price Gain since Dec 2005

Posted on November 12, 2012 by Corey Hart - RBI

Demand has picked back up in the Washington DC metro housing market in October following a typical September slow down.
Click Here to Read More

Monday, November 12, 2012

Q3 home prices show strongest growth since 2006

Q3 home prices show strongest growth since 2006


 Home prices and home sales both showed strong annual growth during the third quarter, according to the latest report by the National Association of Realtors.

Click Here to Read More

Friday, November 9, 2012

5 Smart moves for first-time homebuyers

 5 Smart moves for first-time homebuyers

Published November 05, 2012
Zillow


As a first-time real estate buyer, you probably have no idea how the overall purchasing process works or how to make sure you’re making a smart decision to purchase.

Monday, November 5, 2012

Natural disasters and real estate

Natural disasters and real estate

Short-term pain doesn't always portend long-term impacts

By BRAD INMAN
NEW YORK CITY -- The expected storm surge from Hurricane Sandy could result in loss of life and billions in property damages, not to mention delay thousands of mortgage loan approvals and home sales.

Click Here to Read More

 

Friday, November 2, 2012

Top Reasons to Own a Home

 Top Reasons to Own a Home 

by Carla Hill of RealtyTimes


Buyers all across the nation are making their dreams come true. They’re signing on the dotted line and grabbing hold of the keys to a family home.
Click Here to Read More

Thursday, November 1, 2012

Warren Buffett Just Made A Huge Bet On The US Housing Market

Warren Buffett Just Made A Huge Bet On The US Housing Market

Matthew Boesler|Oct. 31, 2012, 11:13 AM Business Insider Money Game

Click Here to Read

Tuesday, October 30, 2012

Settling Insurance Claims After a Disaster

Settling Insurance Claims After a Disaster 

From the Insurance Information Institute

What you need to know about

  • how to file a claim
  • how the claim process works
  • what's covered and what's not
 Click Here to Read More

Home Prices in 20 U.S. Cities Rise by Most in Two Years: Economy


Home Prices in 20 U.S. Cities Rise by Most in Two Years: Economy

 
Residential real-estate prices increased in the year ended August by the most in two years, a sign housing will continue to boost U.S. economic growth.

Please Click Here to Read More

Monday, October 29, 2012

Trees, People and the Law By Kevin J. Best, Esq.


Trees, People and the Law

By Kevin J. Best, Esq.
A fall conference workshop held in Cambridge was devoted to municipal tree issues and taught by Michael Galvin, Supervisor of the Urban and Community Forestry Division of the Maryland Department of Natural Resources (DNR). The first order of business for Mr. Galvin was to explain to the group that the purpose of the class was to provide general information and was not intended to substitute for professional legal advice. Participants were advised to consult competent legal counsel as to specific cases.

An overview of Maryland tree law can be found in A Guide to Maryland Regulation of Forestry and Related Practices available on DNR’s website. Mr. Galvin explained that although most people think laws are only found in code books, most “tree law” is more likely to be found in case law made by the courts as it is to be found in statutes. There are five main areas of tree law promulgated by the State of Maryland: (1) Roadside Tree Law; (2) Forest Conservation Act; (3) Tree Expert Law; (4) Reforestation Law; and (5) Critical Area Law.

The Tree Expert Law covers standards of practice governing those that are licensed to provide tree services in terms of arboricultural, ethical and business practices. The regulations were enacted for the first time in 2002 and are revised based on new industry standards about every year.
State law governs roadside trees on all highways and streets in Maryland including municipal roadways. The Roadside Tree Law was dramatically revised concerning roadside tree care experts and roadside tree public agency permits. Effective January 2004, decision making authority is delegated to the local level concerning issuing permits for the removal of street trees. The authority to grant permits for tree pruning as well as removal is now with those local governments possessing a Roadside Tree Public Agency (RTPA) permit from DNR.

RTPA permits are issued to State agencies, counties and municipalities for continuing programs of general tree care using specified types of tree care, based upon the skills of those supervising the program. Roadside Tree Maintenance (RTM) permits are issued to corporations and utilities for continuing programs of general tree care using specified types of tree care, based upon the skills of those supervising the program. Roadside Tree Individual (RTI) permits are issued for a specific tree or group of trees for specific tree care operations. The RTI permit form is used if you do not have a RTPA or RTM permit, or if your RTPA or RTM permit does not authorize the desired work.
Local governments that possess RTPA permits must observe established conditions before granting a live tree removal permit to an individual, which include (1) the need to eliminate a hazard to property or public safety and health; (2) the need to prevent the deterioration of other trees; or (3) the need to improve the general aesthetic appearance of the right of way. A hazard to property is defined as a dead tree or one that has caused damage to “hardscape” resulting in a need for repair for which previous damage to water or sewer infrastructure has occurred or where severe surface rooting on a private lawn exists.

A hazard to public safety occurs when a tree is dead or is in a condition that poses a significant risk of failure and subsequent impact to an area used by people, which obscures traffic control devices and cannot be mitigated by pruning according to ANSI A-300 standards or which obscures sight distance where pruning according to ANSI A-300 standards cannot mitigate the obstruction. (ANSI stands for American National Standards Institute.)

A hazard to health occurs when a tree poses a specific heath risk to a specific person identified in the application which may include: (1) documented severe allergies to specific tree types, flowers, or fruits; or (2) asthmatic reactions related to high VOC-emitting trees. (VOC is the acronym for Volatile Organic Compounds.) This does not include the normal processes of trees (flowering, fruiting, leaf drop, etc.) in general terms, without a documented or demonstrated health impact.
The necessary improvement of a deteriorated tree condition occurs where a tree is recognized by the Department as an invasive exotic plant or one that is injured, decaying, declining, mechanically unstable, or in any other similar condition such that the site would be best served by removal and replacement. Furthermore, a tree will be removed for the general aesthetics of the right-of-way if it is (1) declining; (2) unsightly; (3) of poor form or structure; (4) inappropriate for the site; or (5) in a condition such that the site would be best served by removal and replacement.

A dangerous tree condition existing on public property may give rise to a cause of action for which a public entity may be held liable if the following elements are satisfied: (1) the public property was in a dangerous condition on the date of the incident; (2) the plaintiff’s (victim’s) injury was caused by the dangerous condition; (3) the injury occurred in a way which was a reasonably foreseeable consequence of the dangerous condition; and, (4) the dangerous condition was created by a negligent act or failure to act by an employee of the public entity acting within the scope of their employment; or, the public entity had actual or constructive notice of the dangerous condition in a sufficient amount of time before the accident so that it could have taken steps to prevent the injury.
Negligence is defined as doing something that a person of ordinary prudence would not do, or failure to do something that a person of ordinary prudence would do, under similar circumstances. Whereas an Act of God is a force of nature that is (1) unexpected and unforeseeable; (2) the sole cause of the accident; and (3) one that could not have been prevented by reasonable care.

According to Mr. Galvin, a frequent question occurs where a neighbor complains about a tree overhanging the property line. Maryland subscribes to the “Massachusetts Rule” which states that no cause of action will accrue against the tree owner for the overhanging limb; however, the offended person may exercise self-help in the matter by pruning the tree in a manner that leaves it in a reasonable condition. According to the Court of Appeals of Maryland, “a landowner has a right to cut encroaching branches, vines and roots back to the property line … but may not enter the adjoining landowner’s property … without the neighbor’s consent.” Melnick v. CSX, Md. (1988).
Mr. Galvin cautioned that the courts do not consider non-noxious plants to be nuisances. Nor are natural processes ( e.g. “casting shade or dropping leaves, flowers, or fruit…”) to be considered nuisances. A person may engage in self-help if trees cause actual or imminent danger of harm or may request that owners remedy the problem, and charge them if they do not respond within reasonable time frame.

The next major issue addressed at the workshop dealt with the question of who is responsible for fallen trees or limbs. Mr. Galvin cited a Washington Post article that sarcastically stated that if “[a] healthy tree in a storm falls on your neighbor’s house, it’s no longer your tree … it’s now your neighbor’s tree.” In other words, unless your neighbor can prove you were negligent or had some forseeability of the danger, it is probably going to be considered an Act of God and your innocent neighbor will have to have his own insurance cover the claim for damages. However, although under no legal obligation, some public agencies will remove a tree having fallen on private property which originally grew on public land, as a customer service to its residents.

Mr. Galvin explained that the courts would look at a number of factors to determine liability for falling trees. These factors include whether the tree was planted by someone or occurred naturally, whether the tree was in such poor condition that it gave the owner some notice of a potential for injury, or whether the owner was given some notice as to the forseeability of the incident.
The final segment of the workshop involved a series of real life scenarios or case studies. Mr. Galvin presented the audience with the relevant facts and asked them to predict the decision by the court or tribunal using the rules of law he had previously discussed. Several of the participants who were called on to predict the outcome of a given case guessed incorrectly because a number of the cases presented were settled between the parties without a complete judicial ruling and application of the law. Nonetheless, the audience of municipal officials left the workshop with a deeper appreciation for trees and the law.

Kevin J. Best was formerly MML’s Director of Legal & Information Resources

Friday, October 26, 2012

Mortgage rates remain near record lows

Mortgage rates remain near record lows

@CNNMoney October 18, 2012: 1:48 PM ET

Rates on the average 15-year, fixed-rate mortgage hit a new low this week, falling to 2.66%, according to mortgage giant Freddie Mac.

Click Here to Read More

Wednesday, October 24, 2012

.U.S. Home Values Jump the Most Since 2006, Zillow Says


U.S. Home Values Jump the Most Since 2006, Zillow Says


 Bloomberg.com


U.S. home values jumped 1.3 percent in the third quarter, the biggest gain since 2006, in an uneven recovery across the country, Zillow Inc. (Z) said.

Please Click Here to Read More

Monday, October 22, 2012

The Housing Market Is Telling Us The Rest Of The Economy Will Accelerate Within Months

DEUTSCHE BANK: The Housing Market Is Telling Us The Rest Of The Economy Will Accelerate Within Months

From Business Insider - Money Game Oct. 15, 2012, 11:20 AM
 
Despite some nagging doubts that have remained over the U.S. housing market, consensus is that housing has turned the corner and is recovering.

Click Here to Read More

Friday, October 19, 2012

A new housing boom

A new housing boom

@CNNMoney October 12, 2012: 1:01 PM ET

The long-battered housing market is finally starting to get back on its feet. But some experts believe it could soon become another housing boom.
Click Here To Read More

Wednesday, October 17, 2012

U.S. Consumer Sentiment Reaches Pre-Recession High

U.S. Consumer Sentiment Reaches Pre-Recession High

Continued Good News for Housing

 
The preliminary University of Michigan Consumer Sentiment Index for October was released last week and it shows some very positive news. The index reached a high of 83.1, the highest month since September 2007!
 
The chart below shows 2012 in red and compares this year to the three previous years.  You can see the dramatic improvement in recent months.
 
 
* Information Provided By Long and Foster Real Estate Inc...

 

Will payments every 3 weeks pay off a mortgage earlier?

Will payments every 3 weeks pay off a mortgage earlier?

Comparing simple interest to a standard loan


 Click Here to Read More

Wednesday, October 10, 2012

Open This Sunday 1-4 PM! 506 JAYSTONE PL, SILVER SPRING, MD 20905

Open This Sunday 1-4 PM! THIS IS A MUST SEE!
506 JAYSTONE PL, SILVER SPRING, MD 20905
$649,900

Beautiful home on cul-de-sac backs to parkland! 4 BR's, 4 FB, 1 HB, dramatic LR, stunning DR, Chef's Kit, mudroom, office, AMAZING MBR suite w/ sitting rm, upper level lounge, walk-out LL! This house has it ALL!Breathtaking details abound; exquisite built in cabinetry, crown & chair rail moldings, cathedral ceilings & skylights! Huge deck w/ hot & great yard + 3 car garage!

Monday, October 8, 2012

Reforming the Secondary Mortgage Market


Reforming the Secondary Mortgage Market


By NAR 2012 President Elect Gary Thomas
So how do we sustain the housing recovery?  That was the question on the table at a forum put together by the Progressive Policy Institute and the American Action Forum.  It drew many people who care deeply about housing, including economists, politicians and public policy experts and media


Please click Here to Read Article

Friday, October 5, 2012

Economists: Housing recovery finally here

Economists: Housing recovery finally here

@CNNMoney October 3, 2012: 10:33 AM ET

NEW YORK (CNNMoney) -- It's been a long time coming, but economists surveyed by CNNMoney believe the nation's housing market has finally turned the corner.

Click Here to Read More

Monday, October 1, 2012

Housing Market Displays New Vigor as Prices Rise .

Housing Market Displays New Vigor as Prices Rise 

Updated September 25, 2012, 8:42 p.m. ET - Wall Street Journal                                                  

By NICK TIMIRAOS
Home prices notched their strongest year-to-date gains since 2005, climbing 5.9% through July and signaling the housing market's steady trudge toward recovery.
Click Here to Read More

Friday, September 28, 2012

Home prices rebound

Home prices rebound

@CNNMoney September 25, 2012: 10:11 AM ET

NEW YORK (CNNMoney) -- In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago.

Click Here to Read More

Thursday, September 27, 2012

Nalls Open Houses This Weekend From 1-4PM!

Open Houses This Weekend from 1-4PM!

22 MANCHESTER RD #7, SILVER SPRING, MD  20901
$119,000
Price is not a typo! Bright, renov., convenient - and at a price you can afford! LRG sunny top floor unit. Large living room & plenty of room for dining area too; generous BR & renov BA off hall for privacy, nicely done new kit w/ maple cabinets; 4 ample closets + extra storage. Fee inc taxes & all utilities!

7912 STABLE WAY #7912, POTOMAC, MD  20854
$299,000
WOW! Great Price make this lovely 2 level condo-townhome an incredible opportunity in Whitman Cluster - now beautifully updated & move in ready! Gorgeous location near Great Falls Park. Open entryway; large, bright living & dining areas; spacious eat in kit; loads of storage, 2 really generous bedrms & a modern full bath. Private, quiet upper level unit w nice wooded views. 2 assigned parking spaces!

506 JAYSTONE PL, SILVER SPRING, MD  20905
$674,000
Beautiful home on cul-de-sac backs to parkland! 4 BR's, 4 FB, 1 HB, dramatic LR, stunning DR, Chef's Kit, mudroom, office, AMAZING MBR suite w/ sitting rm, upper level lounge, walk-out LL! This house has it ALL!Breathtaking details abound throughout the home; exquisite built in cabinetry, crown & chair rail moldings, cathedral ceilings & skylights! Huge deck w/ hot & great yard + 3 car garage!

Click Here to Find Out More About These Wonderful Listings

Tuesday, September 25, 2012

Housing starts up 24.5 percent from a year ago

Housing starts up 24.5 percent from a year ago

Builder confidence now at a 6-year high


Housing starts picked up 2.3 percent from July to August and were up 24.5 percent from August 2011, according to the latest numbers from the Census Bureau.

Monday, September 24, 2012

Home Sales and Job Creation would Rise with Sensible Lending Standards ..

Home Sales and Job Creation would Rise with Sensible Lending Standards 


From: National Association of Realtors®


WASHINGTON (September 17, 2012) – New survey findings, combined with an analysis of historic credit scores and loan performance, show home sales could be notably higher by returning to reasonably safe and sound lending standards, which also would create new jobs, according to the National Association of Realtors®.

 Click Here to Read More


Friday, September 21, 2012

New Listing! 506 JAYSTONE PL, SILVER SPRING, MD 20905

New Listing! 506 JAYSTONE PL, SILVER SPRING, MD 20905

List Price:  $674,000



Beautifully expanded contemporary with four finished levels on oversize .60 acre lot that backs to parkland.  Breathtaking details and design abound throughout the home including exquisite built-in cabinetry and shelving, crown and chair rail moldings, cathedral ceilings and pleasing skylights. This distinctive residence offers an elegant living room, formal dining room, tasteful chef's kitchen with 42 inch cabinets, high-end appliances, granite countertops, big walk-in pantry and an inviting breakfast room; a convenient mudroom with closet and separate entrance that connects the three car garage and kitchen. Just a few steps down from the main level is a substantial family room with  custom built-ins and a fireplace with new tile surround,  a private office with views of the rear yard, laundry room and a powder room. There are four bedrooms on the second level, including truly luxurious owner's suite, three full baths, and a distinctive upper level lounge.  The master suite, which features it’s own sitting room, two HUGE walk-in closets, a separate vanity / dressing area, skylights and a decadent master bath with soaking tub, separate large shower and double vanity with vessel sinks is in a private wing of the upper residence but has a convenient back stair to the lower level.  Downstairs, a bright, finished walkout lower level includes a large recreation room, full bath, and storage room. The home is beautifully sited on a quiet Cul-De-Sac, with mature landscaping, a charming covered front entrance and a large wrap around multi-level deck with built-in bench seating and a hot tub.   This home backs to scenic Stonegate Park, it is only minutes to Northwest Branch Park, shopping and the Inter-County Connector...Welcome Home!


Estimated tax and non tax charges for first fiscal year of ownership $6,298.59

Stocks: Attention shifts to housing

Stocks: Attention shifts to housing 

@CNNMoneyInvest September 16, 2012: 7:47 AM ET

NEW YORK (CNNMoney) -- Investors will look toward the housing market this week, after the Federal Reserve announced it would buy $40 billion of mortgage-backed securities each month until conditions improve.

Click Here to Read More

Tuesday, September 18, 2012

Mortgage rates down again

Mortgage rates down again

All eyes on unemployment data heading into next week's Fed meeting


Mortgage rates eased for a second week in a row on mixed economic news, but could be poised for a rebound after the European Central Bank announced a new round of bond purchases today that undermined prices of U.S.

Click Here to Read More

Friday, September 14, 2012

Winning in a seller's housing market

Winning in a seller's housing market

From CNNMoney
@Money September 12, 2012: 5:53 AM ET
buyers in some housing markets are finding that they're no longer in the power position. The reason is simple: too many bidders and not enough homes

Click Here to Read More

Wednesday, September 12, 2012

10 tax tips for home sellers

10 tax tips for home sellers



The IRS has recently issued a helpful list of 10 tax tips all homeowners should keep in mind when selling a home:


Tuesday, September 11, 2012

Trulia Market Report on Bethesda, MD

Average price per square foot for Bethesda MD was $636, a decrease of 6.7% compared to the same period last year. The median sales price for homes in Bethesda MD for May 12 to Jul 12 was $731,000 based on 328 home sales. Compared to the same period one year ago, the median home sales price increased 2.9%, or $20,500, and the number of home sales decreased 23%. There are currently 305 resale and new homes in Bethesda on Trulia, including 13 open houses, as well as 14 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Bethesda MD was $1,300,351 for the week ending Aug 29, which represents a decrease of 0.3%, or $4,196, compared to the prior week.

Click Here to View Interesting Graphs on Bethesda's Real Estate Market - Compiled By Trulia

Monday, September 10, 2012

HouseLogic Helps Families Prepare for Back-to-School ..

HouseLogic Helps Families Prepare for Back-to-School 

For many families, school and home are inextricably connected. In fact, according to the National Association of Realtors® 2011 Profile of Home Buyers and Sellers Survey, the quality of the school district and convenience to schools was an important factor to 49 percent of all buyers in deciding where to purchase a home. As kids head back to class, HouseLogic.com, NAR’s award-winning website about all aspects of homeownership, features “Storage Solutions:10 Great Ways to Avoid Back to School Clutter,”  great ideas on preventing the fervor of the season from overwhelming the home.

Click Here to Read More

 

Wednesday, September 5, 2012

New Listing! 7912 STABLE WAY #7912, POTOMAC, MD 20854

New Listing! 7912 STABLE WAY #7912, POTOMAC, MD 20854

List Price: $299,000

WOW! Great Price make this lovely 2 level condo-townhome an incredible opportunity in Whitman Cluster - now beautifully updated & move in ready! Gorgeous location near Great Falls Park. Open entryway; large, bright living & dining areas; spacious eat in kit; loads of storage, 2 really generous bedrooms & a modern full bath. Private, quiet upper level unit w nice wooded views. 2 assigned parking spaces!

Click Here to View Tour

Tuesday, September 4, 2012

How -- and how not -- to spruce up a home

How -- and how not -- to spruce up a home

AOL Real Estate spotlights best and worst home transformations

AOL Real estate has waded through the blog Ugly House Photos to put together 37 slides that illustrate how -- and how not -- to spruce up a home before putting it on the market

Click Here to See More

Monday, August 27, 2012

3 homebuying musts that are often overlooked

3 homebuying musts that are often overlooked

Iman News
Mood of the Market


Friday, August 24, 2012

Price your house to sell quickly

Price your house to sell quickly

If home lacks features of recent comps, it's time to subtract value

A first-quarter survey of homebuyers and sellers done by HomeGain.com, a real estate services website, revealed that 76 percent of homeowners believe their home is worth more than the list price recommended by their real estate agent
Please Click Here to Read the Rest of This Article

Thursday, August 23, 2012

New Listing - 13903 BRIARWICK ST, BOYDS, MD 20841

Barbara's New Listing!

13903 BRIARWICK ST, BOYDS, MD 20841

List Price:  $424,500


EXCELLENT value in wonderful Kingsview Ridge. Nicely decorated, bright, happy home on a beautiful cul-de-sac. Great kit open to fam rm, large deck, wonderful floor plan, finished LL inc sep office/den, Do not be put off by the Marc tracks - it's very quiet & price reflects the proximity so it's a real "Win" for a smart buyer! Serious sellers ready to go!

Click Here to View Photos

Sales of New U.S. Homes Increase to Match Two-Year High

Sales of New U.S. Homes Increase to Match Two-Year High

By Shobhana Chandra - Aug 23, 2012

Purchases of new U.S. homes rose more than projected in July to match a two-year high, a sign the industry that helped trigger the recession is recovering. Sales climbed 3.6 percent to a 372,000 annual pace, following a 359,000 rate in June that was higher than previously estimated, figures from the Commerce Department showed today in Washington. Last month’s rate was the same as in May, which was the strongest since April 2010. The median forecast of 72 economists surveyed by Bloomberg called for a rise to 365,000.

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Tuesday, August 21, 2012

Live Top-earning towns Luxe homes, great schools and exclusive communities. It takes a big paycheck to live large in these 25 posh patches.


Top-earning towns

From CNN MONEY

Luxe homes, great schools and exclusive communities. It takes a big paycheck to live large in these 25 posh patches. Bethesda MD ranked #1.

An easy commute from Washington D.C., Bethesda is a hotspot for the highly educated, with nearly half of its residents boasting a graduate or professional degree. 



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Monday, August 20, 2012

.Homebuilder Confidence in U.S. Increases to Five-Year High

Homebuilder Confidence in U.S. Increases to Five-Year High

From Bloomberg.com
Confidence among U.S. homebuilders climbed in August to the highest level in more than five years, affirming the improvement in residential construction.

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Tuesday, August 14, 2012

Mortgage closing costs fell 7% for homebuyers

Mortgage closing costs fell 7% for homebuyers


@CNNMoney August 7, 2012: 11:53 AM ET
  NEW YORK (CNNMoney) -- Federal regulations are helping to significantly reduce the amount new homebuyers are paying come closing time.
The average cost of closing on a mortgage has fallen by 7.4% over the past year, according to a recent survey by Bankrate.com.

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Monday, August 13, 2012

CitiMortgage to Launch Home Rental Program as Foreclosure Alternative

CitiMortgage to Launch Home Rental Program as Foreclosure Alternative


From DSNews.com   CitiMortgage announced the launch of the Home Rental Program, a program designed to provide an alternative to foreclosure and allow eligible borrowers to stay in their homes.

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Friday, August 3, 2012

Moe Veissi Discusses Encouraging Signs in Housing Market on XM Radio


Moe Veissi Discusses Encouraging Signs in Housing Market on XM Radio

Listen to an interview with NAR President Moe Veissi on XM radio where he talks about encouraging signs in the housing market, including year-over-year price increases, lower inventory, and even multiple bids in some instances. 

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Wednesday, August 1, 2012

Mortgage rates drop again, Freddie Mac says; 30-year at 3.53%

Mortgage rates drop again, Freddie Mac says; 30-year at 3.53%

From the Los Angeles Times

The average rate on a 30-year fixed mortgage hit another new low this week, dropping to 3.53% from 3.56% last week, according to Freddie Mac's survey of what lenders are offering to well-qualified borrowers.

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Monday, July 30, 2012

Housing Market Turns Corner; U.S. Home Values Post First Annual Increase In Nearly Five Year

Housing Market Turns Corner; U.S. Home Values Post First Annual Increase In Nearly Five Year

From www.forbes.com

Zillow’s second quarter Real Estate Market Reports, released today, show home values increased 2.1% from the first to the second quarter of 2012 to $149,300 (Figure 1). On an annual basis, home values rose 0.2% from June 2011 levels (Figure 2), marking the first annual increase in U.S. home values since 2007.

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Friday, July 27, 2012

Goldman Sachs Sees ‘Strong’ Recovery Starting for Housing

Goldman Sachs Sees ‘Strong’ Recovery Starting for Housing

From: Bloomberg Online 

U.S. homebuilders are an attractive investment as the housing market starts a “strong” recovery that may drive a surge in new-home sales, Goldman Sachs Group Inc. (GS) said in a report today.

Wednesday, July 25, 2012

What Moving a Building Looks Like

What Moving a Building Looks Like

From NBC Washington

A little after 7 a.m. on Saturday morning, if you had been walking down New York Avenue NW towards the Convention Center, you would've seen an odd sight: A falling-apart old building on wheels, walking across the street.

Monday, July 23, 2012

Homebuilder confidence experiences largest one-month gain in a decade

Homebuilder confidence experiences largest one-month gain in a decade
July 17, 2012 • 9:11am
From Housingwire Author Kerri Ann Panchuk

Thursday, July 19, 2012

10 Lessons to Learn as the Housing Market Recovers

10 Lessons to Learn as the Housing Market Recovers

On July 18, 2012, in Housing Market News, Ron Phipps, Uncategorized, by NAR

 Headlines abound: The Housing Bust is over… In June, a survey of economists concluded that housing has hit bottom.  Realtors®, homeowners and renters, Americans, and citizens of the world all are sighing with collective relief.  The economy and housing values both have cycles.  It has been more than eighty years since the difference between the top and the bottom was so great.

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Monday, July 16, 2012

Multiple Offers Return as Buyers are Back 
By Steve Cook 


RISMEDIA, Monday, July 09, 2012— Record tight inventories are making it increasingly difficult for growing numbers of buyers, who are creating multiple-bid environments in markets that haven’t seen buyers battle over homes in six years.

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Friday, July 13, 2012

Housing Passes a Milestone

Housing Passes a Milestone

July 2012 From Wall Street Journal On Line

Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. "We finally saw some rising home prices," S&P's David Blitzer said a few weeks ago as he reported the first monthly increase in the slow-moving S&P/Case-Shiller house-price data after seven months of declines.

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Tuesday, July 10, 2012

Median DC Metro Area Sale Price Hits $400K, First Time Since 2008

Median DC Metro Area Sale Price Hits $400K, First Time Since 2008


Rockville, MD – (July 10, 2012) – The following analysis of the Washington, D.C. Metro Area housing market has been prepared by RealEstate Business Intelligence (RBI), and is based on June 2012 MRIS housing data.

OVERVIEW
Median sale prices continue to climb through most of the Washington Metro Area.  Price gains, decreasing days-on-market (average down 10 days from June 2011), and a tightening sale-to-list price ratio (up 2.0 percentage points from June 2011) are evidence that the diminishing inventory of homes for sale in the region is having an impact on the market. 

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Monday, July 9, 2012

Real Estate Incomes on the Rise?

Real Estate Incomes on the Rise? 

 

Sunday, July 8, 2012

Mortgage rates chart new depths

Mortgage rates chart new depths

Reuters: Rate cuts by central banks signal 'growing alarm' about global economy

Rates on 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.8 point for the week ending July 5, down from 3.66 percent last week and 4.60 percent a year ago, Freddie Mac said in releasing the results of its Primary Mortgage Market Survey. That's a new all-time low in Freddie Mac records dating to 1971.

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Thursday, July 5, 2012

Economists expect 2013 home price rebound

Economists expect 2013 home price rebound

 

After experiencing a slight dip this year, home prices will see modest increases starting in 2013 and through 2016, according to a quarterly survey of more than 100 economists, real estate experts and investment strategists.

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Thursday, June 28, 2012

International Sales Continue to Climb in U.S. Market, Realtors® Report

International Sales Continue to Climb in U.S. Market, Realtors® Report

From the National Association of Realtors®

WASHINGTON (June 11, 2012) – Due to low prices and the relative weakness of the dollar, international buyers continue to identify the U.S. as a desirable place to own property and make a profitable investment.

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Thursday, June 21, 2012


Existing-Home Sales Constrained by Tight Supply in May, Prices Continue to Gain

From the National Association of Realtors®.

WASHINGTON (June 21, 2012) - Limited supplies of housing inventory held back existing-home sales in May, but sales maintained a strong lead over year-ago levels and home prices are on a sustained uptrend in all regions, according to the National Association of Realtors®.

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Monday, June 18, 2012

DC Metro Double-Digit Price Increase in May for the 2nd Straight Month

DC Metro Double-Digit Price Increase in May for the 2nd Straight Month

Posted on June 11, 2012 by Corey Hart
From :RealEstate Business Intelligence -  RBI 
 
Inventory in the Washington region continues to shrink.  In May, the level of active listings was at its lowest May-level since 2005.  Additionally, the number of distressed property listings (foreclosures and short sales) is at the lowest level since MRIS began tracking this metric in April 2009.  The reduction in supply is putting upward pressure on prices, as evidenced by the 11 percent rise in the median sales price from May 2011.  
 
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Friday, June 15, 2012

U.S. Housing Market Finally Reaches a Turning Point

U.S. Housing Market Finally Reaches a Turning Point


RISMEDIA, Monday, June 11, 2012— Home valuations will start to climb again while adjacent consumer industries will capture significant new growth opportunities in 2012 and beyond as the U.S. housing market finally turns the corner, concludes a major new study recently released by The Demand Institute. The recovery of the housing market will have far-reaching impacts in the coming years across the U.S. and international markets as U.S. consumers increase their spending on buying, renovating, furnishing and maintaining their homes.
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Wednesday, June 13, 2012

Nation’s Capital Continues to Lead Housing's Recovery

Nation’s Capital Continues to Lead Housing's Recovery

Inventory is shrinking and prices are rising, a new survey shows.

 

Monday, June 11, 2012

Home prices up for 2nd straight month in April

CoreLogic plugging MLS data into new pending home sale price index 

By Inman News, Tuesday, June 5, 2012.

 
U.S. home prices rose on both an annual and monthly basis for the second month in a row in April, according to a home-price index compiled by data aggregator CoreLogic.

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Friday, June 8, 2012

All Commercial Real Estate Sectors Continue to Improve, Multifamily Strong ..

All Commercial Real Estate Sectors Continue to Improve, Multifamily Strong 

WASHINGTON (May 24, 2012) - National Association of Realtors

Shaking off a prolonged impact from the recession, fundamentals are gradually improving in all of the major commercial real estate sectors, according to the National Association of Realtors® quarterly commercial real estate forecast. The apartment rental sector has fully recovered and is growing.

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Wednesday, June 6, 2012

Home prices and rents on rise in Washington metro area

Posted at 11:18 AM ET, 06/05/2012

Home prices and rents on rise in Washington metro area

Monday, June 4, 2012

U.S. Housing Moving in Right Direction, Zandi Says U.S. Housing Moving in Right Direction, Zandi Says

 Bloomberg.com

May 23 (Bloomberg) -- Mark Zandi, chief economist at Moody's Analytics Inc., talks about the U.S. housing market and economy. New home sales in April rose to a 343,000 annual rate, up 3.3 percent from a revised 332,000 in March.........

Please Click Here to View the Video Interview from Bloomberg TV

Friday, June 1, 2012

Zillow: Home Values See Highest Monthly Increase Since 2006 

By: Tory Barringer

Zillow issued a released Friday reporting that both national home values and rents rose in the month of April.

According to the April Zillow Real Estate Market Reports, national home values rose 0.7 percent in April to a Zillow Home Value Index of $147,300. This is the largest monthly increase in home values since January 2006, and it makes April the second month in a row in which home values climbed up.

Click Here to Read the Rest of the Article From DSNEWS.com

Wednesday, May 30, 2012

Large Split Level with Attached Garage

Our Listing
Large Split Level with Attached Garage
2808 BLAINE DR, CHEVY CHASE, MD 20815
List Price:  $587,500

Barbara Nalls and Long and Foster Real Estate are very happy to welcome you to this affordable opportunity to make your home in super popular Rock Creek Forest. The property is an original mid-century split level, home to the same family for many years, maintained in very sound condition, and now ready for a new owner.Everything you are looking for is here, just waiting for your personal touches. A spacious, open main floor with Foyer Entry, generous Living Room with a big picture window, a full Dining Room, a bright Eat-in Kitchen, and a Screened Porch. Upstairs there are 3 terrific Bedrooms, all with great light and 2 Full Baths, one of which is an en-suite Master Bath, a nice Hall and linen storage. At the grade level there is a paneled Den or 4th Bedroom with a large window, another Full Bath, a Laundry / Storage / Mudroom that walks out to the fenced backyard and an Attached Garage - a rare luxury in this part of town. Downstairs there is a huge, open Recreation Room with a fireplace and the Mechanical / Utility room.

There are oak hardwood floors throughout the main and upper levels, new vinyl tile flooring in some rooms, switched and overhead lighting. There is electric Central Air Conditioning, Gas forced air Heat and Hot water. The main electrical panel is on a modern breaker system. All the utilities are believed to be in proper working order and are quite recent (Furnace 2002, AC 2006, Roof 2000). Some appliances and fixtures have also been fairly recently replaced. The seller is offering a home warranty to provide for any unexpected repairs and does ask for a contract in as-is condition.

Priced well below comparable listings at $587,500, this listing is a great opportunity and likely to go quickly. Let us know what we can do to help make it yours. Welcome Home!

* Estimated tax and non tax charges in the first fiscal year of ownership $5,612.00


Expansive Bethesda Craftsman

Our Listing
Expansive Bethesda Craftsman

7701 MARBURY RD, BETHESDA, MD 20817

Price: $2,189,000

Exceptionally large five year young, 7500+ square foot custom built home with four remarkable finished levels on oversize .28 acre lot. Breathtaking details and design abound throughout the home and include intricate moldings, wainscoting, ten foot tray ceilings, built-in mill work and exquisite beadboard panels. This distinctive residence offers an elegant living room, formal dining room, substantial family room with a custom built-in fireplace with casework and decorative mantle, magnificent state-of-the-art chef's kitchen with high-end stainless steel appliances, granite countertops, and a huge island / breakfast bar with both ample seating and a prep area; a convenient mudroom with built-in cubbies and a pantry connects the garage and kitchen; a private first floor library / sitting room, and a powder room. There are four bedrooms on the second level, including impeccably appointed owner's suite, three full baths, and a large laundry room. The master suite, which features tray ceilings, molding and beadboard paneling, has a large sitting room, a HUGE walk-in closet with organizing system and a decadent master bath with corner soaking tub, separate large shower and two vanity areas all with beautifully appointed custom tilework. The sun-filled third level bedroom suite features a full bath, an office area and two closets. Downstairs, a bright, finished walkout lower level includes a media room, recreation room, crafts room, 6th bedroom, dual entry full bath and ample storage. The home is beautifully sited on a large, level fenced lot with mature landscaping, a charming front porch, a large Trex deck and a wonderful rear custom built basketball court. Ideally located very near Pyle Middle School, Whitman High School, and the Landon School as well as vibrant Downtown Bethesda, the Capital Beltway, and only minutes to public transportation...Welcome Home!

Estimated tax and non-tax xharges in the first fiscal year of ownership $18,883.75




Home Prices Show Strongest Gain in 6 Years: NAR

Existing-home sales rose to 4.62 million (seasonally adjusted annualized rate) in April from a downwardly revised March rate of 4.47 million, the National Association of Realtors (NAR) reported Tuesday. Economists had forecast the April sales pace would be 4.66 million.

The median price of an existing home climbed 10.1 percent to $177,400 from $161,100 in April 2011, the strongest year-to-year gain since January 2006. The median price in April reached its highest level since July 2010 when it was $182,100.
The inventory of homes for sale in April rose to 2.54 million, the highest level since last November, bringing the months’ supply of homes on the market to 6.6.

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Housing Recovery to Occur in Two Phases: Demand Institute

The housing recovery will come in two phases. First, home prices will rise by just under 1 percent in the second half of 2012. In 2013, prices will rise by 1.5 percent, then go up another 2.5 percent in 2014. For the second phase, home prices will increase 3 to 3.5 percent between 2015 and 2017. These are the predictions from a report released by the Demand Institute, which is jointly operated by The Conference Board and Nielsen.

The report, titled The Shifting Nature of U.S. Housing Demand, stated investors who buy rental properties will lead phase one of the recovery, as opposed to buyers who purchase properties as their own residence.

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Fannie Mae: Confidence in Economy and Home Values Increasing

Both the expectation for home prices and the percentage of those who think the U.S. economy is on the right path reached record highs in Fannie Mae’s April 2012 National Housing Survey.

Americans continue to expect home prices to go up, with the projection averaging 1.3 percent over the next 12 months, the highest value recorded.
At 71 percent, a high percentage of Americans still say it is a good time to buy while the percentage who said it is a good time to sell was 15 percent, a 1 point increase from March.

“Overall, consumer views of housing market conditions have become more supportive of home purchases, and sustained healthy hiring is required to help realize these improved expectations,” said Doug Duncan, Fannie Mae chief economist.