Good for Closing Costs, Rate Buy Down, But Not Minimum Down Payment The first-time homebuyer tax credit, worth up to $8,000, is available to households that haven't owned a home in at least three years. The credit is a true credit, not a loan, and does not have to be repaid, and is fully reimbur
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05/30/2009
Yes, we are handling more of these transactions in our office now than ever before. I am finding myself more frequently in conversations with clients regarding the matter of foreclosures in our area. They believe that the correction in the economy will necessarily generate more of these in the
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05/30/2009
Now that conventional loan limits have increased to $729,750, our clients have been able to take advantage of a higher loan at rates below 5% with a fraction of points. For example, in markets such as the Washington DC area, buyers with 20% down payments who have been waiting can move on homes w
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05/03/2009
My office has received word that conventional loan limits, which were lowered late last year to $625,000, have finally returned to $729,750. This means that clients who were facing jumbo loan rates for loans above $625,000 may now be able to take advantage of a higher loan at rates below 5% with
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04/30/2009
When: Saturday, May 2Time: 11:00 amWhere: West End Library, 2nd Floor, 1101 - 24th Street, NW, Washington DCJoin us for this FREE sellers' seminar. Description: Tips, advice and suggestions to help your home outshine the competition in today's buyer's market. Topics covered include: The Seller'
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04/15/2009
A recent Forbes piece you may find interesting: For enterprise, Washington, DC/Northern VA is #45 of the top 200 "places out there that remain attractive to businesses", say Forbes in its special report, "Best Places For Business And Careers" (See March 25, 2009 story). --Hill Hill Slowinski
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04/11/2009
Two recent Forbes pieces you may find interesting: According to Forbes magazine, in a recent article, "America's Most Livable Cities", which asks, "Looking for a better way of life? Start your search with these places", Bethesda, MD is the #2 "most livable" city in the US (See April 1,2009 story
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04/11/2009
Recession Hit the Region in a Big Way in ‘08, Driving Down Sales and Prices By Alejandro Lazo, Washington Post Staff Writer, Saturday, March 28, 2009; F01 [An interesting overview of the Greater Washington Metropolitan Area market at the end of 2008. Excerpts for the close-in DC area follow...]
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03/28/2009
In a new report on the 2008 Profile of Home Buyers and Sellers by the National Association of REALTORS®, released March 24, key findings were that: Overall, 21 percent of sellers indicated that what they wanted most from their agent was help pricing their home competitively. Other important consi
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03/25/2009
