Supply/Demand Economics: Local DC Real Estate Market:

How does Supply/Demand Economics affect the DC Real Estate Market?

With the bombardment of information regarding interest rates, house pricing, tax incentives, foreclosures, short-sales, modifications, and refinancing...the basic message of Supply/Demand Economics can easily be overlooked as it plays out in the local DC real estate market.

DEMAND: The low interest rates and tax incentives have spurred an enormous increase in demand for housing, especially among first-time homebuyers during the past few months.

SUPPLY: Despite the record-breaking amount of housing inventory, there has been a halt in new construction over the past year. This indicates an upcoming shortage of housing within the next few years.

How does the DC Rental Market affect the housing market?

The rental market is an indicator of upcoming housing trends. We have seen a shortage of DC rentals over the past few months due to new people moving to DC and former owners renting properties.

NOW is the time for investment in real estate throughout the Washington DC metropolitan area.



Call me at 301-452-4767 with any real estate questions!

Is NOW a Good Time to Purchase Real Estate?

Why is NOW the best time ever to purchase real estate?

The answer is easy...YES.

But WHY?

If you have ever thought about purchasing real estate...now is the time because home prices are low and everything is working in your favor as a homebuyer. Whether you are a first-time homebuyer or someone looking to move-up to a bigger/better home, you are buying incentives for everyone, such as tax credit and low interest rates.

What is the most important for a homebuyer to know in 2010?

There are TWO (2) important dates for homebuyers to know in 2010 as follows:

March 31, 2010: The Federal Reserve program which is purchasing MBS to keep rates historically low will END. In other words, mortgage interest rates will be rising above 5% after the first-quarter of 2010.

April 1, 2010: The First-time homebuyer tax credit program which provides tax credits for new homebuyers and previous homeowners will END. In other words, there will no longer be incentives to purchase a home.

So the real question is...WHAT ARE YOU WAITING FOR?

Call me at 301-452-4767 with any real estate questions!

What are First-Time Homebuyers looking for?

First-time homebuyers in 2010 are looking for a variety of things...with low interest rates, reasonable pricing, large inventory of housing, and buyer incentives all working to help them...

These buyers are paying more attention to details such as location, square footage, floorplans, amenities, and convenience as the driving force to purchase!

The most common question is in regards to the tax implications of housing as an investment. As more first-time homebuyers are finally realizing their home to be a long-term investment ie. 3-5 years to yield a profit.

What are your thoughts?



Call me at 301-452-4767 with any real estate questions!