DC Real Estate

Amid Housing Crisis and Record-Low Supply, Homebuilding Starts Up 11%

While high housing demand and the housing crisis are not news to anybody, it seems the homebuilding industry is finally taking notice. The latest Census residential construction report shows that housing starts increased by 11% year-over-year in September, with over 1.1 million single-family homes and 295,000 units breaking ground. As reported by The Real Deal, this increase in construction reflects [...]

2020-10-22T20:25:01+00:00October 22nd, 2020|

DC-Area Home Sellers Saw $92,000 in Profits Last Quarter

In case you need more evidence of how hot the local housing market has been this year, home seller profits have shot up over the past six months. Homeowners in the DC area who sold in the third quarter of 2020 saw an average profit of $92,100, according to the latest report from ATTOM Data Solutions. [...]

2020-10-22T20:13:01+00:00October 22nd, 2020|

The Griffith: Nine New Condos Designed with a Bright, Spacious Feel

Third Street NW between the corners of Rhode Island Avenue and Anna J. Cooper Circle in the District’s LeDroit Park neighborhood is a short block of rowhouses on red-brick sidewalks. The street is bookended by two low-rise, three-story condominiums — 1881 and 1844 Third St. Newly constructed, the Griffith at 1844 Third St. is being [...]

2020-10-22T20:10:16+00:00October 22nd, 2020|

Condo and Co-op Craziness: The DC-Area Housing Market in September

The strength of the September housing market in the DC area was led by a property type that hasn't been making headlines recently. Condo and co-op sales hit a ten-year high in the region in September, according to a report out today from MarketStats by ShowingTime, increasing 44% year-over-year. DC proper saw sales rise 69% with [...]

2020-10-16T18:23:12+00:00October 16th, 2020|

Fairly Balanced: The Columbia Heights Market, By the Numbers

Columbia Heights is one of the largest and most active housing markets in DC. However, the 2020 market was not quite as volatile as other local markets in the city. While home prices were up year-over-year, sales were down slightly despite leading the city in terms of overall volume. The contract ratio in Columbia Heights [...]

2020-10-09T16:26:46+00:00October 9th, 2020|

Montgomery County Passes Bill That Could Bring Thousands of Units to Metro Stations

On Tuesday, the Montgomery County Council passed the “More Housing at Metrorail Stations Act”, a bill aiming to incentivize high-density residential transit-oriented development. Under the bill, new high-rise developments on land leased from Metro that are at least half rental apartments will be exempt from property taxes for the 15 years. Typically, WMATA does not [...]

2020-10-09T16:22:42+00:00October 9th, 2020|

In-Person Home Showings in DC Remain Higher Than 2019

Between low interest rates and loosening pandemic-related restrictions in the DC area, prospective home buyers are increasingly willing to get out and see listings in-person. Today, UrbanTurf takes an updated look at the trend of in-person home showings in the area. Change in showings nationwide from the beginning of the year. Click to enlarge. According [...]

2020-10-01T20:33:52+00:00October 1st, 2020|

The 10 DC Neighborhoods Where Homes are Selling Fastest

Homes are selling faster than ever in the DC market and today UrbanTurf looks at exactly where they are selling the quickest. Using median days on market data for advertised subdivisions around DC, we highlighted where homes have been selling the fastest in 2020. In the current high demand market, homes are selling in a week [...]

2020-10-01T20:27:52+00:00October 1st, 2020|