DC Real Estate

Mortgage rates hold steady, taking a pause after the Thanksgiving holiday

Mortgage rates leveled off this week, pausing amid stock market fluctuations, global trade concerns and comments by Federal Reserve Board Chair Jerome H. Powell. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average stayed the same, at 4.81 percent, with an average 0.5 point. (Points are fees paid to a lender [...]

2018-11-30T20:30:59+00:00November 30th, 2018|

D.C. Council gives final approval to Airbnb regulations

D.C. residents who use Airbnb or similar booking services to rent out their homes will likely have to abide by new regulations starting next October, when they are set to go into effect. The policies represent the first time the city has charted comprehensive laws for short-term rental units—an effort that has sparked a fierce debate spanning [...]

2018-11-21T21:07:54+00:00November 21st, 2018|

Compass nabs high-profile Carlyle Group exec to be new CFO

Compass, a New York-based real estate technology company with a goal of dominating the nation's largest markets, has hired Kristen Ankerbrandt of The Carlyle Group (NASDAQ: CG) as the company's new chief financial officer. She will take her post Nov. 26. Ankerbrandt, who worked 11 years as a principal at Carlyle, will oversee Compass' financial strategy and [...]

2018-11-21T20:59:25+00:00November 21st, 2018|

DC’s Former Cafritz Mansion Sells For $16.5 Million

On the day that Amazon announced that it would be bringing its second headquarters to the DC area, the second most expensive home in DC sold. Coincidence? Two years after being listed for $22 million, the reconstructed former Cafritz mansion settled for $16.5 million on Tuesday. The home was listed with Marc Fleisher of TTR [...]

2018-11-16T15:40:09+00:00November 16th, 2018|

Amazon’s two HQ2 picks are suddenly white-hot real estate markets

Amazon's two selections show that big tech companies do not seem to view housing costs as a barrier for hiring workers. By choosing the New York and Washington areas, Amazon has inadvertently thrown a spotlight on the gulf between a small group of thriving but high-cost U.S. cities and the rest of the country. Amazon executives [...]

2018-11-16T15:37:07+00:00November 16th, 2018|

Hello, Amazon? The 1,200 Residential Units Coming to Crystal City

These 6 developments, in various stages of planning and completion, could soon provide up to 1,200 residential units in proximity to Crystal City. In anticipation of talks moving beyond Amazon's decision to choose a second headquarters here locally, many of these residences could become welcome new accommodations for many moving to the area.  News came [...]

2018-11-08T23:08:45+00:00November 8th, 2018|

Report: The Luxury Housing Market in the DC Area is Holding Strong

High-priced properties are selling quicker and high level of demand continues for million dollar-plus properties. While the DC-area housing market is showing signs of a slowdown, the market for homes priced over $1 million is holding strong. A new quarterly report from Coldwell Banker Residential Brokerage shows that sales for listings at the upper end of the market [...]

2018-11-02T17:37:32+00:00November 2nd, 2018|