By Brandon Scott We are on the heels of the spring market and all signs point to more activity via an improvement in rates. In the last 24 hours Jerome Powell, Chair of the Federal Reserve, indicated that rate cuts are on the horizon pending economic data. I expect...
A key takeaway is the average sold price to original price ratio of 95.14%, indicating that homes are selling close to their asking prices, a testament to the strength of our market.
by Brandon M. Scott Urban areas are seeing a resurgence in demand, while suburban regions continue to attract families seeking more space. Especially in DC, I have seen and spoken with a fair number of agents and families that have left DC for suburban living....
For the highs and lows, there are two subdivisions to highlight, based on the percent change year-to-date of their median sold price, Watergate, Washington, DC saw a -59.7% decrease in the median sold price from $1,800,000 to $725,000.
In the absence of money, people look for value. Buys are paying for what they perceive as value explaining, to me, why communities like Logan, Old City # and Trinidad, saw positive increases in their median home price in September 2023 over September 2022.
by Brandon M. Scott We’re officially in Fall or, as I lovingly refer to it, ‘Sweater Weather’ – if you know you know. Despite our rising rate environment, the need for individuals to sale and, or buy a home still exists. The number of transactions compared to...
by Brandon M. Scott Navigating through homeownership in the District of Columbia comes with its unique set of challenges and rewards. Ensuring the safety and health of our homes is paramount, and the District of Columbia is stepping up to assist homeowners in a...
by Brandon M. Scott To the esteemed landlords of the DMV area. The real estate market is changing, and landlords have gained new-found fame in national news and local laws, as well. We know there are two classes of landlords, ‘big’ and ‘small’. I am sure some...
by Brandon M. Scott The real estate market in Washington DC has always been a topic of interest for investors, homeowners, and real estate enthusiasts. As we step into the latter part of 2023, it's essential to look back and analyze the trends, especially when...
These new starter homes are designed with the modern homeowner in mind. They are compact, energy-efficient, and equipped with the latest amenities. This also means they’re a blank canvas for every first-time home buyer.