Featured News

Washington DC Home Sales Go From Strength To Strength

Real estate markets in Washington DC are strongly rebounding, with average property prices increasing for the 14th straight month, according to local realtors.

Washington DC properties see sales increase for 14th straight month. Image courtesy of businessnewsexpress

"The summer is looking like it will be a very strong one for us as the housing market here continues its steady recovery," said Donna Evers of Evers & Co. Real Estate. "Especially when you consider the numbers from last year, which show that 2010's summer was also very strong for us because of the boost to home sales provided by the First Time Homebuyer's Tax Credit."

Homebuyers are being enticed to Washington DC buy historically low mortgage rates, which are continually declining. First Place Bank's Chad Loube noted that with interest rates going down yet again this week, "Buyer's are now able to obtain up to $729,750 in a thirty year fixed-rate loan with interest at around 4.5%."

"The combination of a vast, well priced inventory and extremely low mortgage rates makes 2011 of the best times to buy in the Washington DC area that we have ever seen," he explained.

Evers has said that she expects homes sales to continue to strengthen throughout July, surpassing those of July 2010 due to something that she terms "homebuyer enthusiasm", a phenomena that is apparently unique to the Washington DC real estate market.

Evers & Co., is the largest woman-owned real estate firm in the capital. Image courtesy of Luxury Real Estate

Evers & Co. enjoys a sterling reputation in the Washington DC area for its expertise in the Washington Metro Area real estate market, and currently employs more than 80 licensed realtors who boast years of combined industry experience. The firm is the largest real estate agency operated by a woman in the DC area, and is allied to the Paris-based real estate firm My Home, as well as a member of several noted real estate organizations such as Who's Who in Luxury Real Estate, FIABCI and the Unique Homes Affiliate Network.


Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

Recent Posts

The Benefits of Small-Sized Riding Mowers

If you're looking for a compact riding lawn mower that is easy to use and…

2 hours ago

Buying or Selling Your Home? Understand the Term “CMA”

If you’re new to the world of real estate, the term “CMA” might be a…

6 hours ago

How to Manage an Online Audience with Advertising Banner Ads

Digital marketing is all about using content to drive traffic to your website. It's a…

6 hours ago

10 Ways to Transform Your Patio Into an Outdoor Entertaining Oasis

Summer is in full swing, which means it's patio season. Like most homeowners, you probably…

24 hours ago

How to Use Your Real Estate Newsletter to Gain More Clients

With over 2 million realtors active in the US, you need to do what you can to…

1 day ago

Pros and Cons of Paying All Cash For Your Home

Certainly, not everyone can pay all cash for a home. But if you have the…

1 day ago