Fewer home sellers nationwide got more than their asking price last year, but that was not the case in the D.C. area.
The D.C. metro area’s cumulative residential real estate has gained $197.4 billion in value in the last decade, $26.9 billion of it in 2018 alone, but still 5.9 percent, or $56.6 billion less valuable than it was during the last housing market peak.
The rise and fall in mortgage rates directly affects home affordability, and rates remain low enough right now that, in Washington, along with relatively high incomes, affordability is still fairly high. But that could change.
In the D.C. area, 75 percent of homeowners would rather use a set amount of money to renovate their home to meet their changing needs instead of using that money as the post-sale profit balance of a down payment on a new home.
New home construction has not recovered from the housing market crisis and Great Recession, and that lack of building shows up starkly in data compiled by real estate firm Zillow.
A recent study by listing firm Zillow says the Washington metro ranks seventh-highest for seller costs when selling a house.
In the Washington metro area, rents are up 1.5 percent in the last year, largely because there are more apartments on the market and more landlords competing for tenants.
The Obamas have been voted the nation’s most desirable neighbors, according to real estate firm Zillow.
Finally, a way for trick-or-treaters to figure how to get the the most Halloween candy in the shortest period of time, with the fewest wasted steps.
Which celebrity do you think would be a good next-door neighbor? And which well-known figure would you least like to see move in next to you? Check out WTOP’s gallery.
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So how much would it cost to buy the White House? Ahead of a policy discussion with President Barack Obama, Zillow has listed the 221-year-old mansion on its real estate site.
Home values are expected to rise by more than $40
billion in the
greater Washington area in 2012, part of the
increase in values since 2005, according to
Zillow Real Estate
is making it
for potential homebuyers to find unlisted
properties that are bank-owned and those
that are in the foreclosure process.
The three-part series "The making of Marion Barry" looks at how the future mayor got his start in the civil rights movement, how he became a power player in the city and his enduring legacy.