Bethesda, Chevy Chase Real Estate News

Thinking "Stimulus", Obama & DC / Bethesda Luxury Homes

Contributing Blogger, Kevin Koitz:  Thinking Obama, DC / Bethesda Luxury Homes, and current market conditions....

It's no secret thThinking DC Luxury Homes, Obama, & "Tax Credits"at DC home sales are down...even the close-in Chevy Chase / Bethesda real estate micro-markets.  But I keep thinking back to one of Gretchen's pieces in February after Obama's Stimulus Plan was announced.  And the the $8,000 buyer tax credit set in motion...and the restrictions put on those incentives.  For those exceedingly well qualified DC home buyers, what would an unrestricted  $20,000 subsidy have meant? 

Hindsight is 20/20 but if a lot of the higher end sales were psychological leaps rather than financial ones, would the luxury home inventory in Bethesda...or Chevy Chase, or Georgetown, be as high today had buyers been given an incentive commensurate with the price-point of the home.  Should the $300,000 home buyer been offered the same incentive as the $1,000,000 buyer?  And I'm not even going into the income limitations...


Bethesda Row Arts Festival This Weekend

One of my favorite Bethesda Art festivals is coming this weekend…. and I can’t wait!! The 12th Annual Bethesda Row Arts Festival will be held this Saturday, October 17 from 11am to 6 pm and Sunday, October 18th from 11am to 5PM.

Located on Woodmont Avenue, Bethesda Avenue and Elm Street, this outdoor event will be held rain or shine and features the work of 180 juried artists and crafters from all over the country. The Festival will benefit the NIH Children’s charities and is sponsored by Federal Realty Investment Trust. Hope to see you there!!...
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