Open This Sunday November 10th 1-4PM!

2709 BLAINE DR, CHEVY CHASE, MD 20815 $749,500

Expanded, updated, col on one of RCF's prettiest streets! Versatile floor plan, Large bright rooms, updated eat in kit, real 1st floor family room, beautiful... sun room open to patio, generous BR's w good closets, large, charming LL w multiple rooms, great private lot. Very well maintained & cared for, new windows, recent systems, excellent opportunity in very popular neighborhood! Click here for the virtual tour

511 GOODLAND PL, ROCKVILLE, MD 20850
List Price: $699,000
Super popular Lakewood Model on beautiful Goodland Place w ALL the builder upgrades: fin 3rd floor w/ bath, fin garage loft w bath, an inviting front porch, gorgeous finishes, hardwood floors, the works! 3/4/5 bedrooms (including loft and 3rd floor), 3 full and 2 half baths, kitchen open to FR w fireplace, courtyard patio, great garage, loads of storage. No disappointments - this one shines! Click here for the virtual tour

Mortgage rates fall to four-month lows

Mortgage rates fall to four-month lows

Written By Christina Mlynski HOUSINGWIRE

October 24, 2013 10:00AM

 

Fixed mortgage rates spiraled down this week amid market speculation that the Federal Reserve will continue to commit to its bond buying purchases this year. Click Here to Read More

Our E-News Letter for October 2013

Click Here to See Entire E-News Letter

 

Absolutely no way am I wading into the morass of the "Partial Government Shutdown" with an opinion or even a scholarly report. But as it is, quite obviously, the most important single issue impacting our local real estate market this fall, I'll address it today - but lightly, and around the edges. 

It's not all bad news. The market was pretty strong going into this business so there was some momentum. If it doesn't last too long, we should be able to bounce right through it. There was great fear that lending would freeze because of  difficulty getting income verification for some Federal workers and IRS income verification, but many lenders have told me that their institutions are going ahead and manually processing the loans based on old fashioned pay stubs and tax documents. Many lenders are also continuing to process government loans - VA and FHA - with fingers crossed that there won't be any problems sending the loans on when the government re-opens. Good for them!  So lending hasn't gotten any easier but with a little good ole American ingenuity, they're getting the job done. 

What this will do to consumer confidence in our area's housing market remains to be seen. Obviously, with the largest concentration of Federal workers in the country,  there are lots of folks who are sitting home with time on their hands, but somehow I doubt that their first thought is to get online and look at houses. Whether existing buyers will jump right back into the market and / or new buyers enter the market when this is over is hard to say. Assuming it doesn't go too much longer, we'll still have a few weeks of our fall market left. If it goes on into November, buyers might just decide to wait until spring. Some agents I've spoken with think we'll have a super busy late fall season to catch up with the demand; others suspect we won't see the buyers again until February. I tend a bit to the latter, but am hopeful for the former.  We'll see. 

Barbara, Tom, and Susan

Nalls Home Partners

Median Sales Price Increases Across the Board in the DC Metro Region

New Article From RBI. Posted on October 10, 2013 by Corey Hart

Double-digit growth for new listings for the sixth straight month  

Click on Link Above to Read Newest Blog Form RBI 

Low Inventory Still the Story for DC Condos and Single-Family Homes

Information for GCAAR

Contract and Settlement Activity Remains Brisk for Both Jurisdictions
Inventory remained tight in the District for condos and single-family homes during the month of August.

Condo inventory rose slightly in Montgomery County, but there was less available single-family inventory than the same time last year. Both jurisdictions continue to see strong contract and settlement activity.

Washington, DC
The average number of days on market was down 30% compared to August 2012. The median price for condos was up 6.5%, and single-family homes saw an 14.3% increase. Available inventory continued to decline in August, with 20.8% fewer condo listings and 5.4% fewer single-family listings. Condo contracts rose 7%, and condo settlement activity was robust with a 43.6% increase over 2012. Single-family contracts increased 12.5%, with single-family settlements showing a 5.7% increase over August 2012.
 
Montgomery County
The average number of days on market was down 28% from August 2012. Median condo prices saw a 7.3% increase, with the price of single-family homes increasing by 8.1%. The amount of available inventory for single-family homes was 5.4% lower than last year, but condo inventory increased 1.6% compared to August 2012. New condo contracts saw a 11.4% in August, and new single-family contracts rose by 10.8%. Settlements were again on the rise in August, with a 13.9% gain for condos, and a 19.7% increase for single-family homes. District

New Listing! 1st Open Sunday October 6th! Brick Colonial in Rock Creek Forest!

2709 BLAINE DRIVE,  CHEVY CHASE, MD                  

$749,500

 

Click Here to View the Virtual Tour

Rock Creek Forest

Spacious Expanded Colonial in Rock Creek Forest

Barbara Nalls and Long and Foster Real Estate are very pleased to welcome to a fantastic opportunity to own very special home in the highly sought after Chevy Chase community of Rock Creek Forest. This beautiful brick colonial offers convenience, value, and urban proximity within a suburban setting. A flexible floor plan provides multiple options for comfortable living, including gleaming hardwood floors, fresh paint throughout, replacement windows, Silestone quartz counters, a living room with a brick fireplace, a main level family room or 4th bedroom, and sunroom just to name a few. With three ample bedrooms on the upper level and a possible fourth bedroom on the main level, you can customize the layout to fit your specific needs. In addition, a finished lower level provides plenty of extra space for fun and entertainment with its spacious recreation room with built-in water well bar and bench seating, office / guest room, full bath, laundry room, and ample storage - absolutely everything on your list! The home is situated on one of the original streets in the neighborhood, between two Metro stations and less than 1/4 mile from Meadowbrook Stables and Rock Creek Park - you won't find a better location. A home of remarkable size and style, priced to sell, ready for you to move right in ... Welcome Home!