Beware Changes to DC Property Tax Enforcement

by Tony on August 26, 2010

It’s no secret local governments are looking to increase revenues and trim budgets.  In what is likely a grab at more cash, the DC Government has made it more challenging to get and keep your Homestead Property Tax Deduction.  This is the reduced tax rate that owner occupants receive and that the settlement company likely [...]

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Washington Times: Realtor Profile – Tony Hain

July 29, 2010

The Washington Times profiles Tony Hain…

How did you get started in real estate? After Sept. 11, I decided life was too short to spend so much time in an office. I wanted to do something entrepreneurial and have a more direct impact with people. Real estate afforded me the opportunity to make a change – [...]

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Washington-area home prices up 7.4% in May

July 27, 2010

The Washington area’s gains in home prices outpaced the national average in May, rising 7.4 percent over May 2009. That was well ahead of the average national median price increase of 4.6 percent for the 20 markets surveyed in the S&P/Case Shiller Home Price Index.
Read more: Washington-area home prices up 7.4% in May – Washington [...]

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W. Post: DC Housing Market Insulated from Downturn

July 27, 2010

After numerous stories on the doom and gloom of the national housing market, today the Washington Post put the local market into focus, noting that we have been largely insulated from the national trends.  Citing a report by Delta Associates, the Post notes that inventory in parts of the metro area, particularly the urban core, [...]

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District Trees Thirsty…you can help.

July 16, 2010

While we were fortunate to have some rain this week, District officials are urging residents to adopt street trees and call in for free watering devices.
In response to the recent heat waves and dry conditions, the District Department of Transportation’s Urban Forestry Administration (UFA) is launching an effort to engage as many residents as possible [...]

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Will Washington’s Recovery Stall?

July 16, 2010

The Washington Business Journal has an excellent article looking at the local economy. While there are differing opinions, it’s quite a contrast between what is happening locally and what is happening nationally.
July 9, 2010
Washington Business Journal – by Bryant Ruiz Switzky
The first half of the year gave observers of the Washington-area economy many reasons [...]

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DC area has lowest unemployment in the nation

July 1, 2010

The Washington area’s unemployment rate of 6 percent was the lowest nationwide for urban regions with at least 1 million residents in the year between May 2009 and May 2010, the Washington Examiner reported.

Read Washington Examiner article here.

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DC area home price gains in April best in US

June 29, 2010

The Washington area led the nation in home price gains in April.
Median prices in the Washington market rose 2.4 percent in April compared with March, the best gain of the 20 markets surveyed in the S&P/Case Shiller Home Price Index. Nationally, prices rose 0.9 percent compared with March.
The Washington area also surpassed most [...]

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Getting Perspective: Take housing data in context to get the full picture

June 24, 2010

by Jeff Detwiler, CEO of Long & Foster Compaies
The news headlines of the last 48 hours are enough to get any consumer rattled. Media outlets across the country are shouting far and wide about a “double dip housing recession” and housing sales that have “plunged 33 percent.”
I think it’s important to put these numbers in [...]

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A Realtor’s Tale of Buying a Home: His Own

May 14, 2010

Buying a home is one of the biggest decisions a person makes in life, even if you’re a Realtor! My fiancé Elysia and I have been on the casual home hunt for what seems like forever with our tastes ranging from condos in the heart of the city, to row homes in Petworth and the [...]

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