The Washington DC real estate market continues to show mixed signals, with some notable shifts in key metrics compared to both the previous year and last week. New listings have increased by 10.1% week-over-week, with 1,067 properties coming to market, though this is a slight decrease of 0.9% year-over-year from February 2024. The median list price has seen a...
Uncategorized
After more than eight years since its initial proposal, the redevelopment of the vacant Superfresh grocery store site in Northwest D.C. has officially secured the necessary financing to move forward. A joint venture between Mill Creek Residential and PGIM Real Estate has successfully obtained a $92.3 million construction loan from U.S. Bank National Association, according to documents filed last month...
https://terringwanggroup.com/wp-content/uploads/2024/11/NOV10-Market-Update.mp4For the week ending November 10, the region saw 4,895 new listings, reflecting the typical seasonal slowdown in new inventory as the year progresses. However, new listings were still 6.6% higher compared to the same week last year, indicating that while the market is cooling slightly, it remains more active than in 2023....
https://www.youtube.com/watch?v=0jnGMaI_EIgTerring Wang is a dynamic and highly respected realtor with the exceptional track record in the real estate industry. Recently featured in a exclusive interview on WUSA CBS Channel 9, she shared her insights on the evolving landscape on real estate and how critical it is for the clients to partner with a realtor who truly delivers value. In the interview, she...
Hey everyone! Happy Thanksgiving and welcome to our Market Update for November 2023! Let’s start out with some great news!Inflation numbers were recently reported at 3.2%! This is a huge decrease from the high of 9.1% last year, which caused the government to raise interest rates to slow down inflation and should lead to a decrease in mortgage rates in the future.And we have seen that a little already....
Time again! Kick off my another business trip to Austin!! Attending Keller Williams Commercial Summit & KW Mega Camp, it becomes my regular routine every August to our headquarter office, and it is always my top impactful education event of the year. As a full time real estate professional, I feel it’s so important to fuel up myself with those latest real estate updates, technologies...
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,...
