DC Real Estate

Home Buying Activity Rises on Low Mortgage Rates

With interest rates at their lowest level in years, homebuyers are taking notice. On Thursday, Freddie Mac reported 3.49 percent with an average 0.7 point as the average for a 30-year mortgage, remaining near three-year lows. “The low mortgage rate environment continues to spur homebuying activity, with applications to purchase a home up fifteen percent [...]

2020-02-21T16:40:41+00:00February 21st, 2020|

Old School is Something New Again in Northwest DC

770 Park is the new name for the old school that has become a low-rise condominium at 770 Park Road NW in the District’s Columbia Heights neighborhood. The three-story white, painted-brick building is a renovated and enlarged version of the early 20th-century original. But the design, by John Linam Jr. Architect and Associates, preserved the [...]

2020-02-25T22:55:35+00:00February 14th, 2020|

The DC Housing Market in January, By the Numbers

January is normally a pretty slow month for the real estate market, but that wasn't the case this year. An approximately one-month supply of homes for sale in the DC region in January did not dampen regional home prices, which reached a 10-year high for January, or home sales, which rose 8% compared to January [...]

2020-02-14T17:54:44+00:00February 14th, 2020|

Ditto Residential Debuts 7-Unit Boutique Condominium in Shaw

Ditto Residential is back with a new, boutique residential project in Shaw. 1923 9th Street NW is a striking seven-unit condo development from DC-based developer, Ditto Residential, and architect Dep Designs, offering two-bedroom residences with an array of high-end finishes. Sales by The Reishman Group just started, with prices starting at $799,000. Kitchen. All the residences [...]

2020-02-14T17:53:09+00:00February 14th, 2020|

D.C. Neighborhoods Where 40% of Homes Sold Above Asking

Above Asking is a regular UrbanTurf feature where we highlight homes that ended up selling for above listing price. Today, we take a look back at 2019 to see the neighborhoods in the region where homes regularly sold for more than their original price. Using data provided by Bright MLS, we combed through neighborhoods to find [...]

2020-02-07T16:37:28+00:00February 7th, 2020|

The Difference a Year Makes in Interest Rates

The average on a 30-year fixed-rate mortgage dropped to 3.51% this week, the lowest level for these rates in almost three years. “Borrowers who take advantage of these low rates can improve their cash flow by lowering their monthly mortgage payments, giving them more money to spend or save,” Freddie Mac's Sam Khater said in a [...]

2020-01-31T17:22:10+00:00January 31st, 2020|

What $900,000 Buys in the D.C. Area

This installment of What X Buys highlights three options in the DC area for prospective homebuyers with a roughly $900,000 budget. New Construction in Shaw At the intersection of Shaw and Cardozo, this two-bedroom condo is one of seven units in a new building at 1923 9th Street NW. Floor-to-ceiling windows line the wall of the L-shaped [...]

2020-01-31T20:19:04+00:00January 31st, 2020|

A Look At D.C.’s Million-Dollar Neighborhoods

While DC home prices continue to rise and surpass previous records, one thing has seemingly stayed consistent over the past few years: there are usually about 8-10 neighborhoods in the city where the typical listing sells for above $1 million. For 2019, million-dollar neighborhood mainstays Spring Valley and Berkley were at the top of the list, with respective median [...]

2020-01-24T17:37:50+00:00January 24th, 2020|

D.C. Home Prices Set a New Record in December

In December 2010, the median home price in Washington, DC came in at $399,000. Last month, the median price in the city shot up to $635,000, setting an all-time record and illustrating the magnitude of home appreciation in the city over the last decade. The previous record price of $620,000 was set just back in June. [...]

2020-01-17T16:46:41+00:00January 17th, 2020|