Saturday, September 29, 2012

H Street Area Open Houses: September 29-30




In the hyperlinks below I've attached open houses scheduled in and around H Street for the weekend of September 29-30, 2012.

  • All results are sorted in order of list price for easy reference.

  • Globe and camera icons next to individual listings show maps and photos.

  • All property types are included: townhouses, semi-detached homes, condos/coops, single-family homes, etc.

Need more? I've also compiled a list of all DC, MD, VA open houses this weekend should your search parameters encompass other areas.


H Street


Bloomingdale,Truxton Circle, and Eckington


Monthly Housing Market Data

Every month several housing reports are released which include statistics on the Washington Metro Area market. Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.


September 26: MRIS reports H Street zip code 20002 is one of nine city zip codes where the median sale price through August 2012 is the highest year-to-date level on record.  The area includes the lowest days on market (well below the DC average of 26) and the highest list/sales price ratio.


September 25: The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through July 2012 -- was released September 25. DC Metro Area home prices increased 3.7% over July 2011 compared to a nationwide increase of 1.2%.


September 27: The Pending Home Sales Index of the National Association of Realtors -- with data through August 2012 -- was released September 27. Total U.S. pending homes sales increased 10.7% over August 2011.


September 19: The National Association of Realtors existing home sales report -- with data through August 2012 -- was released September 19. Total existing home sales nationwide are 9.3% higher than August 2011. The national median existing-home price for all housing types is up 9.5% from a year ago.


September 10: The Real Estate Business Intelligence report on the DC Metro Area -- with data through August 2012 -- was released September 10. RBI methodology shows DC Metro home prices increased 8.1% over August 2011, sales rose 6.4%.


September 5: The latest Clear Capital Home Data Index Market Report -- with data through August 2012 -- was released September 5. Clear Capital methodology shows DC, Arlington, and Alexandria home prices rose 12.4% over August 2011. By comparison U.S. home prices increased 2.9%.


September 4: The CoreLogic Home Price Index -- reporting data through July 2012 -- was released September 4. CoreLogic methodology shows DC home prices rose 5.8% over July 2011, DC Metro Area prices increased 4.5%. Nationwide home prices rose 3.8%.



August 28: The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through June 2012 -- was released August 28. S&P methodology shows DC Metro Area home prices increased 3.9% over June 2011 compared to a nationwide increase of 1.2%.

 
August 28: The CoreLogic® National Foreclosure Report -- with data through July 2012 -- was released August 28. Washington has the 2nd lowest foreclosure rate nationwide. The District's foreclosure inventory is 2.2%
.


For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



  Ben Dursch  

202-288-4334 | Ben@EversCo.com









DC MC VA Open Houses: September 29-30


In the hyperlinks below I've attached open houses scheduled in MRIS this weekend for DC, Arlington, Alexandria, and the close-in Montgomery County suburbs.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show maps and photos.
  • All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.


Washington, DC

Arlington

Alexandria

Montgomery County
Bethesda, Chevy Chase, Potomac, Rockville, Silver Spring, Takoma Park



Monthly Housing Market Data

Every month several housing reports are released which include statistics on the Washington Metro Area market. Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.


September 26: MRIS reports H Street zip code 20002 is one of nine city zip codes where the median sale price through August 2012 is the highest year-to-date level on record. The area includes the lowest days on market (well below the DC average of 26) and the highest list/sales price ratio.


September 26: MRIS blog REsource reports H Street zip code 20002 is one of nine Washington zip codes where the median sale price through August 2012 is the highest year-to-date level on record.  The area includes the lowest days on market (well below the DC average of 26) and the highest list/sales price ratio.



September 25: The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through July 2012 -- was released September 25. DC Metro Area home prices increased 3.7% over July 2011 compared to a nationwide increase of 1.2%.


September 27: The Pending Home Sales Index of the National Association of Realtors -- with data through August 2012 -- was released September 27. Total U.S. pending homes sales increased 10.7% over August 2011. 


September 19: The National Association of Realtors existing home sales report -- with data through August 2012 -- was released September 19. Total existing home sales nationwide are 9.3% higher than August 2011. The national median existing-home price for all housing types is up 9.5% from a year ago.


September 10: The Real Estate Business Intelligence report on the DC Metro Area -- with data through August 2012 -- was released September 10. RBI methodology shows DC Metro home prices increased 8.1% over August 2011, sales rose 6.4%.



September 5: The latest Clear Capital Home Data Index Market Report -- with data through August 2012 -- was released September 5. Clear Capital methodology shows DC, Arlington, and Alexandria home prices rose 12.4% over August 2011. By comparison U.S. home prices increased 2.9%.


September 4: The CoreLogic Home Price Index -- reporting data through July 2012 -- was released September 4. CoreLogic methodology shows DC home prices rose 5.8% over July 2011, DC Metro Area prices increased 4.5%. Nationwide home prices rose 3.8%.


August 28: The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through June 2012 -- was released August 28. S&P methodology shows DC Metro Area home prices increased 3.9% over June 2011 compared to a nationwide increase of 1.2%.


August 28: The CoreLogic® National Foreclosure Report -- with data through July 2012 -- was released August 28. Washington has the 2nd lowest foreclosure rate nationwide. The District's foreclosure inventory is 2.2%.


For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



  Ben Dursch  

202-288-4334 | Ben@EversCo.com






Friday, September 28, 2012

Washington Housing Market Data: August & September




Every month several housing reports are released which include statistics on the Washington Metro Area market.  Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.

For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


September 26

MRIS reports H Street zip code 20002 is one of nine city zip codes where the median sale price through August 2012 is the highest year-to-date level on record. The area includes the lowest days on market (well below the DC average of 26) and the highest list/sales price ratio.

September 25

The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through July 2012 -- was released September 25. DC Metro Area home prices increased 3.7% over July 2011 compared to a nationwide increase of 1.2%.


September 27

The Pending Home Sales Index of the National Association of Realtors -- with data through August 2012 -- was released September 27.  Total U.S. pending homes sales increased 10.7% over August 2011.


September 19

The National Association of Realtors existing home sales report -- with data through August 2012 -- was released September 19.  Total existing home sales nationwide are 9.3% higher than August 2011.  The national median existing-home price for all housing types is up 9.5% from a year ago.


September 10

The Real Estate Business Intelligence report on the DC Metro Area -- with data through August 2012 -- was released September 10. RBI methodology shows DC Metro home prices increased 8.1% over August 2011, sales rose 6.4%.


September 5
 
The latest Clear Capital Home Data Index Market Report -- with data through August 2012 -- was released September 5. Clear Capital methodology shows DC, Arlington, and Alexandria home prices rose 12.4% over August 2011. By comparison U.S. home prices increased 2.9%.

September 4
 
The CoreLogic Home Price Index -- reporting data through July 2012 -- was released September 4. CoreLogic methodology shows DC home prices rose 5.8% over July 2011, DC Metro Area prices increased 4.5%. Nationwide home prices rose 3.8%.


August 28

The CoreLogic® National Foreclosure Report -- with data through July 2012 -- was released August 28. Washington has the 2nd lowest foreclosure rate nationwide. The District's foreclosure inventory is 2.2%.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



  Ben Dursch  

202-288-4334 | Ben@EversCo.com







Thursday, September 27, 2012

Freddie Mac: 30-Year Fixed-Rate Mortgage All Time Low of 3.40%




Freddie Mac's weekly Primary Mortgage Market Survey -- released September 27 -- shows fixed mortgage rates breaking their previous average record lows helping to keep homebuyer affordability high and refinancing strong to support an already improving housing market.

  • 30-Year fixed rate mortgage averaged 3.40%, down from 3.49% last week and 4.01% one year ago

  • 15-Year fixed rate mortgage averaged 2.73%, down from 2.77% last week and 3.28% one year ago

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Borrowers may still pay closing costs which are not included in the survey.

To compare and track average mortgage rates from previous weeks throughout the year consult Freddie Mac's Compilation of Weekly Survey Data for 2012.

Mortgage calculators to compare payments and equity:


Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders.





NAR Pending Homes Sales Up 10.7% Over August 2011



The August Pending Home Sales Index of the National Association of Realtors was released September 27.

The Index tracks the number of properties under contract nationwide and by region. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.


Nationwide
  • Annually: contracts increased 10.7% over August 2011
  • Monthly: contracts decreased 2.6% from July to August

Region
  • Northeast - July pending home sales were 19.9% higher than a year ago
  • Midwest - the index is also 19.9% above August 2011
  • South - contracts are 13.2% above a year ago
  • West - the index decreased 4.2% from August 2011


The Pending Home Sales Index has continued to show a steady year-over-year increase in contracts activity in 2012.

  • July 2012 - contracts increased 12.4% over July 2011
  • June 2012 - contracts advanced 9.5% over June 2011
  • May 2012 - contracts rose 13.3% over May 2011
  • April 2012 - contracts increased 14.4% over April 2011
  • March 2012 - a rise of 12.8% was reported over March 2011
  • February 2012 - contracts jumped 9.2% over February 2011
  • January 2012 - rose 8% over January 2011


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



   Ben Dursch  

202-288-4334 | Ben@EversCo.com







Tuesday, September 25, 2012

S&P/Case-Shiller Home Price Index




The Standard & Poor's/Case-Shiller Home Price Index -- reporting data through July 2012 -- was released September 25.

  • Washington Metro Area home prices increased 3.7% over July 2011.
  • Nationwide home prices are 1.2% above July 2011 -- down 30% from their 2006 peak.

More Local perspective: the Real Estate Business Intelligence report on the DC Metro Area -- with data through August 2012 -- was released September 10. RBI methodology shows DC Metro home prices increased 8.1% over August 2011, sales rose 6.4%.


Standard & Poor's Research Methodology

When reviewing the S&P/Case-Shiller data keep in mind the following critical points:

  • Property Status - The S&P/Case-Shiller Home Price Indices include statistics for distressed properties (i.e. foreclosures, short sales), skewing home prices lower.
  • Report Date - These numbers are for May 2012. The S&P/Case-Shiller Home Price Indices are published on a 2-4 month lag to offset delays in sales price data from county deed recorders.
  • Property Type - The index reports single-family/detached home prices only; condo and co-op sales statistics are not included in the analysis for the DC area.


Washington Metropolitan Statistical Area Defined

S&P methodology defines the Washington region as a vast "Metropolitan Statistical Area" stretching aross three states from West Virginia, through the District of Columbia, and into Maryland. Housing market statistics for such a vast area bear little relevance for an individual consumer seeking clarity on local home values. Below is the area described as Washington:

  • Washington, DC
  • Maryland - Calvert, Charles, Frederick, Montgomery, and Prince Georges Counties
  • Virginia - Alexandria City, Fairfax City, Falls Church City, Fredericksburg City, Manassas City, Manassas Park City; Arlington, Clarke, Fairfax, Fauquier, Loudoun, Prince William, Spotsylvania, Stafford, Warren Counties
  • West Virginia - Jefferson County


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.







Ben Dursch
202-288-4334 | Ben@EversCo.com






Monday, September 24, 2012

Weekly Newsletter: September 16-22




My latest DC real estate newsletter for the week of September 16-22 contains the following updates on the local Washington Area housing market:

  • U.S. existing homes sales up 9.3%, prices up 9.5% over August 2011.

  • Census: housing starts up 29.1%, building permits up 24.5%.

  • Mortgage rates back to record lows.

  • DC ranks 3rd richest American city and contains 7 of the nation's 10 richest counties.

  • Forbes ranks the H Street Corridor America's 6th "Best Hipster Neighborhood".

For additional recent reports consult my newsletter archive. For updates throughout the week check out my Twitter feed. There you will find the latest information on Washington area real estate news including:

  • market statistics
  • sales figures
  • new developments and projects
  • buyer/seller advice

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



   Ben Dursch   
 
202-288-4334 | Ben@EversCo.com
 


Saturday, September 22, 2012

U.S. Census Bureau/HUD: Housing Starts Up 29.1%




On September 19 the U.S. Census Bureau and the Department of Housing and Urban Development released it's "New Residential Construction Report" with data through August 2012. Below is a summary of the latest figures:

  • Building Permits - up 24.5% over August 2011

  • Housing Starts - up 29.1% over August 2011

  • Housing Completions - up 11.7% over August 2011
 
Economic indicators for new residential construction and sales, manufacturing, retail, U.S. international trade, construction spending, and homeownership are released every month by the U.S. Census and Department of Housing and Urban Development.






H Street Open Houses: September 22-23

 
 

 
In the hyperlinks below I've attached open houses scheduled in and around H Street for the weekend of September 22-23, 2012.

  • All results are sorted in order of list price for easy reference.

  • Globe and camera icons next to individual listings show maps and photos.

  • All property types are included: townhouses, semi-detached homes, condos/coops, single-family homes, etc.

Need more? I've also compiled a list of all DC, MD, VA open houses this weekend should your search parameters encompass other areas.


H Street


Bloomingdale,Truxton Circle, and Eckington


Washington Housing Market Data

September 10: The Real Estate Business Intelligence report on the DC Metro Area -- with data through August 2012 -- was released September 10. RBI methodology shows DC Metro home prices increased 8.1% over August 2011, sales rose 6.4%.


September 5: The latest Clear Capital Home Data Index Market Report -- with data through August 2012 -- was released September 5. Clear Capital methodology shows DC, Arlington, and Alexandria home prices rose 12.4% over August 2011. By comparison U.S. home prices increased 2.9%.


September 4: The CoreLogic Home Price Index -- reporting data through July 2012 -- was released September 4. CoreLogic methodology shows DC home prices rose 5.8% over July 2011, DC Metro Area prices increased 4.5%. Nationwide home prices rose 3.8%.



August 28: The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through June 2012 -- was released August 28. S&P methodology shows DC Metro Area home prices increased 3.9% over June 2011 compared to a nationwide increase of 1.2%.


August 28: The CoreLogic® National Foreclosure Report -- with data through July 2012 -- was released August 28. Washington has the 2nd lowest foreclosure rate nationwide. The District's foreclosure inventory is 2.2%
.


For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



   Ben Dursch   

202-288-4334 | Ben@EversCo.com
 
 
 






DC, MD, VA Open Houses: September 22-23

 
In the hyperlinks below I've attached open houses scheduled in MRIS this weekend for DC, Arlington, Alexandria, and the close-in Montgomery County suburbs.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show maps and photos.
  • All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.


Washington, DC

Arlington

Alexandria

Montgomery County
Bethesda, Chevy Chase, Potomac, Rockville, Silver Spring, Takoma Park



Washington Housing Market Data

September 10: The Real Estate Business Intelligence report on the DC Metro Area -- with data through August 2012 -- was released September 10. RBI methodology shows DC Metro home prices increased 8.1% over August 2011, sales rose 6.4%.


September 5: The latest Clear Capital Home Data Index Market Report -- with data through August 2012 -- was released September 5. Clear Capital methodology shows DC, Arlington, and Alexandria home prices rose 12.4% over August 2011. By comparison U.S. home prices increased 2.9%.


September 4: The CoreLogic Home Price Index -- reporting data through July 2012 -- was released September 4. CoreLogic methodology shows DC home prices rose 5.8% over July 2011, DC Metro Area prices increased 4.5%. Nationwide home prices rose 3.8%.


August 28: The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through June 2012 -- was released August 28. S&P methodology shows DC Metro Area home prices increased 3.9% over June 2011 compared to a nationwide increase of 1.2%.


August 28: The CoreLogic® National Foreclosure Report -- with data through July 2012 -- was released August 28. Washington has the 2nd lowest foreclosure rate nationwide. The District's foreclosure inventory is 2.2%.


For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



Ben Dursch

202-288-4334 | Ben@EversCo.com