The average mortgage loan in D.C. is now about $495,000. When compared to states, D.C. ranks second only to California for the average mortgage loan size.
A top to bottom renovation of a late ’50s home in D.C.’s Forest Hills neighborhood just hit the market for $2.695 million. See photos of the completely redesigned home.
Nearly half of D.C. students attend public charter schools. But with increasing rent prices, property values and overall development, can these schools afford to stay and operate in the nation’s capital?
If you or someone you know is looking for a home to meet a physical or developmental need, a local real estate expert shares some tips to consider before you start the homebuying process.
It is the third consecutive month that the rate of home prices increases has slowed across the country.
The number of active residential listings in the D.C. area in August was down for the 28th consecutive month compared with the year previous, but there is a small sign of encouragement for potential buyers.
Between prices and wait times, the Washington-area housing market is showing signs of slowing down, and buyers may be starting to balk at rising prices.
Potential homebuyers in Washington may be having better luck finding what they want, be it from more listings or lowered buyer expectations. Closed sales in the Washington metro area last month hit the highest level for an April in a decade.
Home prices in the District are up 47 percent from the height of the recession and what little hits the market continues to sell quickly. Real estate experts described D.C.’s market as “an extremely tight seller’s market.”
Homes in D.C. sold quickly in September but monthly data from Long & Foster Real Estate Inc. shows overall closed sales in the District were down 16 percent from the same month last year.
The National Association of Realtors dug into its records, and says, in 1979, the median selling price of a single-family home nationwide was $55,700. Nationally, it is now $255,600.
The average price for a luxury sale in D.C. ticked up far faster in the second quarter of 2017 compared to the bottom 95 percent of the market, according to Redfin.
With amenities such as complimentary hors d’oeuvres, curated social events and an on-site mixologist, the former Patterson mansion is one of D.C.’s most luxurious apartment communities. But the new development was not built with Washingtonians in mind. (Photos)
The D.C. region’s recent housing recovery looks tame compared to the region’s go-go days of yesteryear, but median prices are back to pre-recession levels.
If it’s not more than $2 million, it’s not luxury.
Recreating the District in video game form was no small task. Here's how the developers did it.