Fewer sales but slightly higher average and median prices were the top stories of the October real estate market across Northern Virginia, which continued its transition from the busy spring/summer months to the mellower autumn/winter time frame. A total of 1,466 properties went to closing across the region last month, down 5.9 percent from the […]
Bureaucratic Hoops Make D.C. Affordable Housing Units Hard To Sell
In Washington, D.C., a city with one of the highest costs of living in the nation, low-income residents are having trouble buying affordable housing not because of a lack of it, but because of all the red tape. Nearly 1 in 5 D.C. residents lives at or below the poverty line. D.C. real estate developer […]
Less Mortgage Borrowers Underwater
RealtyTrac reported that 19% of all homes with a mortgage were underwater, or owing at least 25% more on their mortgage than the home was worth. One reason could be the rise in home prices. CNNMoney also states the number of equity-rich homeowners has gone up by 18% as well.
Pre-Construction Real Estate Investing
Pre-Construction Real Estate Investing and activities such as skydiving or bungee jumping then you may be the ideal candidate for pre-construction real estate investing. Pre-construction profits are often among the highest in the industry. At the same time so are the risks. You will find the greatest highs and lows that can be found in […]