Here are the highlights for the week ending July 2, 2023: Weekly new listings down in advance of the 4th of July holiday. Listing activity is down seasonally and remains well below where it was a year ago. Potential sellers are sitting tight as the number of weekly new listings is down 19.3% compared to the same time a year ago. New listing activity will remain low as elevated mortgage rates are...

The Air & Space Forces Association (AFA) has successfully sold its longstanding national headquarters in Arlington, Virginia, as it embarks on a journey to secure a more modern office space. Taicoon Property Partners, based in Arlington, has acquired the iconic 1501 Langston Blvd. building that had served as the AFA's home since 1984. The transaction concluded at a price of $16.25 million, amounting...

Experience the dazzling spectacle of fireworks this Independence Day! Join us for the annual firework show on the National Mall at 9:09 PM (Tuesday), and for an optimal view, secure a spot in the grassy area surrounding the iconic Washington Monument. Alternatively, discover prime viewing locations at Anacostia Park (Tuesday) or Cardozo Education Campus (Tuesday) in the vibrant Columbia Heights...

Effective October 1, 2023, Montgomery County transactions will see a new, increased recordation tax. The new schedule is below. The First $500,000 is taxed at the rate of $8.90 per $1000, or fraction thereof From $500,000-$600,000, the tax rate is $13.50 per $1000, or fraction thereof From $600,000.01 to $750,000, the tax rate is $20.40 per $1000, or fraction thereof From $750,000.01 to $1,000,000,...

No price relief for buyers. List prices continue to rise as we head into summer, tracking above last year at this time. The scarcity of supply continues to put heat on competition for buyers, and it is likely this trend will not relent for some time. Listings remain stagnant. Listings are down -3.2% from last week but are down -29.8% from a year ago in Washington, DC. Homeowners are very reluctant to...

In recent times, the housing policy of Montgomery County has found itself at a critical juncture. The county's approach to housing regulation and development has become a subject of deliberation, prompting a closer examination of the potential paths it may take. This article aims to provide a professional analysis of the current state of affairs, shedding light on the challenges faced and the potential...

Here are the highlights for the week ending June 18, 2023: - List prices see a summer increase. List prices increased slightly over the previous week. While the median list price is up only +0.2% over last week, the consistent strain on inventory continues to drive prices up for buyers. - Competition continues heating up. Competition among buyers is still intense as the median time to contract is...

I've had the incredible privilege of being featured in Maryland Realtor Magazine Vol LVII Jun/Jul 2023 where we talked about Diversity, Equity & Inclusion (DEI) and also lead the MARYLAND committee as the Chair for our esteemed CCIM MID-ATLANTIC chapter. If you're immersed in the commercial business realm, brace yourself for a wave of excitement as we have an array of captivating commercial education...

For Lease: Elizabeth - This magnificent home features 7 bedrooms and a spacious living area, providing ample room for relaxation and entertainment. Experience the perfect blend of comfort and luxury in this beautiful residence. Coming Soon For Sale: Chalet - A charming home with 2 beds, 2 full baths, and a den. This cozy retreat offers a perfect balance of comfort and style. Don't miss the...

We just helped our client achieve their dream of owning a home. By successfully negotiating the seller’s price in this competitive market, our client was able to save $$$ and gain instant equity upon closing. #HouseHuntingGoals Terring H. Wang - Keller Williams Capital Properties TERRING WANG terring@terringwanggroup.com 240 505 9600 240 812...