Friday, May 20, 2022 / by Lashika Mason
In today’s housing market, homeowners have a great opportunity to sell their houses and receive the best terms for their personal situation. That’s because there’s a limited number of homes for sale, which is creating competition among buyers. Right now, homebuyers want three things:
To be the winning bid on their dream home
To buy before mortgage rates rise more
To buy before home prices go even higher
These buyer needs give you an amazing advantage – also known as leverage – when you sell.
What Does This Mean for Sellers Today?
You might already realize this enables you to sell at a good price, but you’re also in a great position to get the best terms to suit your needs.
According to the latest Realtors, Confidence Index from the National Association of Realtors (NAR), the average home sold receives 4.8 offers. That’s why there&rs ...
Friday, May 20, 2022 / by Lashika Mason
Photo Line-up left to right (Anthony J. Mason, Lashika S. Mason, Kymber Menkiti-Lovett, Maryam Kazmi, and Reza Daman)
Photo Credit: Christopher P. Walters
Whitecrest Real Estate celebrates the completion and official grand opening of brand-new luxury condominium development, The Heritage, in DC’s Woodridge neighborhood.
The construction of the 6-story property is now complete, adding more contemporary and affordable living options to the community. Whitecrest is also offering buyers up to $10,000 in concessions* for the units which are for sale exclusively by the MG Residential Sales Team.
(Washington, DC) – MG Residential, an arm of Brookland’s Menkiti Group, was joined by Whitecrest Real Estate, to celebrate the launch of The Heritage, a newly developed collection of modern condominiums starting in the mid $300’s. The new development offers 1–2-bedroom units that range from 570 – 1050 square feet. The completion of this project is a majo. ...
Friday, May 13, 2022 / by Lashika Mason
According to a recent survey from the National Association of Realtors (NAR), one of the top challenges buyers face in today’s housing market is finding a home that meets their needs. That’s large because the inventory of homes for sale is so low today.
If you’re looking to buy a home, you may have noticed this yourself. But there is good news. Recent data shows more sellers are listing their houses this season, which may give you more options for your home search.
Early Signs Inventory May Be Growing
The latest data from realtor.com shows the number of listings coming onto the market, known in the industry as “new listings,” has increased since the start of the year (see graph below):
This indicates more sellers are listing their homes for sale each month this year. And according to realtor.com, this growth is expected to continue. Their research finds ...
Friday, May 6, 2022 / by Lashika Mason
What does the rest of the year hold for the housing market? Here’s what experts have to say about what lies ahead.
Home prices are projected to rise and so are mortgage rates. Experts are also forecasting another strong year for home sales as people move to meet their changing needs.
Let’s connect so you can make your best move this year. ...
Friday, April 22, 2022 / by Lashika Mason
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American:
“You know, the fallacy of economic forecasting is: Don't ever try and forecast interest rates and or, more specifically, if you're a real estate economist mortgage rates, because you will always invariably be wrong.”
Coming into this year, most experts projected mortgage rates would gradually increase and end 2022 in the high three-percent range. It’s only April, and rates have already blown past those numbers. Freddie Mac announced last week that the 30-year fixed-rate mortgage is already at 4.72%.
Danielle Hale, Chief Economist at realtor.com, tweeted on March 31:
“Continuing on the recent trajectory, would have mortgage rates hitting 5% within a matter of weeks. . . .”
Just five days later, on April 5, the Mor ...