Friday, June 3, 2022 / by Lashika S. Mason
If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say.
The Number of Homes Available for Sale Is Likely To Grow
There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com:
“The gap between this year’s homes for sale and last year’s is one-fifth the size that it was at the beginning of the year. The catch up is likely to continue, . . . This growth will mean more options for shoppers than they’ve had in a while, even though inventory continues to lag pre-pandemic normal.”
As a buyer, having more options is welcome news. J ...
Friday, May 27, 2022 / by Lashika S. Mason
Because buying or selling a home is such a big decision in our lives, the need for clear, trustworthy information and guidance is crucial. And while no one can give you perfect advice, when you align yourself with an expert, you’ll get the best advice for your situation.
An Expert Will Give You the Best Advice Possible
Let’s say you need an attorney, so you seek out an expert in the type of law required for your case. When you go to their office, they won’t immediately tell you how the case is going to end or how the judge or jury will rule. What a good attorney can do, though, is discuss the most effective strategies you can take. They may recommend one or two approaches they believe will work well for your case.
Then, they’ll leave you to make the decision on which option you want to pursue. Once you decide, they can help you put a plan together based on the facts at hand. They’ll use their expert knowledge to ...
Friday, May 20, 2022 / by Lashika S. 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 S. 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 S. 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 ...