Congress Reinstates Higher FHA Loan Limits in DC & Higher End Markets
Washington DC and Greater Bethesda, Maryland areas Included in FHA Reinstatement...As you may have already caught on the news, The National Association of Realtors® announced that Congress has reinstated the loan limit formula up to $729,750 in ...
Posted by Gretchen Koitz on November 21, 2011 in Real Estate News
S&P Case Schiller Says - Washington DC Ranks Top in Year Over Year Gains in Home Prices
Although the data released today by S&P/Case-Shiller shows that the majority of the country is showing a continued decline in home prices, Washington, DC had a healthy 3.5% increase over the previous year. Washington was one of only four ...
Posted by Gretchen Koitz on January 25, 2011 in Real Estate News
Housing Market Showing Signs of Progress
Guest author, Eric Bramlett
According to a recent Reuters article, http://www.reuters.com/article/idUSTRE5BG56P20091218 housing prices in the United States experienced a rise during the third quarter. Given the state of the economy and the housing ...
Posted by Gretchen Koitz on December 21, 2009 in Real Estate News
Extension and Expansion of Homebuyer Tax Credit
Last Friday, President Obama signed into law a bill that includes provisions to extend and expand the $8,000 credit for first-time homebuyers. The credit, due to expire on November 30th of this year, will be extended to contracts signed thru April ...
Posted by Gretchen Koitz on November 9, 2009 in Real Estate News
Maryland Homestead Tax Credit Process for Eligibility Reminder
Just a little over a year ago, I posted the new regulations in Maryland requiring that property owners whose homes are their primary residence sign up for the "homestead exemption.” I reminded people that in the State of Maryland ...
Posted by Gretchen Koitz on March 30, 2009 in Real Estate News
Forbes Ranks DC #2 For Job Growth In 2009
According to a recent Forbes Magazine article, Washington, D.C. ranks only behind Madison, Wisconsin in potential job growth for the coming year.
Thanks to expected increases in government and government related employment, the D.C. area should ...
Posted by Gretchen Koitz on February 15, 2009 in Real Estate News
HUD Bans Builder Incentives to Use Affiliated Mortgage and/or Title Companies
Here’s an email that I just got from a lender from Bank of America:
“Good news for our buyers!! Beginning January 16th, builders will not be able to offer discounts if the buyer uses their affiliated mortgage or title companies. My ...
Posted by Gretchen Koitz on November 20, 2008 in Real Estate News
Estimated Future Property Taxes in Montgomery County Website Now Available
As many of you may know, the County Council passed a regulation which requires all homeowners (as of April 1, 2007) to notify prospective buyers of not only the current property taxes, but also the estimated future property taxes. The ...
Posted by Gretchen Koitz on March 14, 2008 in Real Estate News
New HUD Conforming Loan Limits Released!
Washington DC Real Estate Update
So the answer to many prospective home buyer's question has come! I just posted a new entry in my REW blog about the new conforming loan amounts and what that means to those of you looking to buy a home in the ...
Posted by Gretchen Koitz on March 7, 2008 in Real Estate News
Proposal To Raise Conforming Loan Amount
As part of the Economic Stimulus Package being considered by the administration and by Congress, there is a proposal that would be a great boon to the housing market in the Washington, D.C. area – that is the increase in the conforming loan ...
Posted by Gretchen Koitz on January 29, 2008 in Real Estate News