Freddie Mac: Fixed Mortgage Rates Match All-Time Record Lows

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, June 28 showing average fixed mortgage rates largely unchanged. Both the 30-year fixed and 15-year fixed rate mortgages matched their all-time record lows.

• 30-Year fixed rate mortgage averaged 3.66%, unchanged from last week and down from 4.51% one year ago
  
  
• 15-Year fixed rate mortgage averaged 2.94%, down from 2.95% last week, and 3.69% one year ago

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
• Bankrate.com
• The Federal Reserve Board

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 Home Sales Up in May

The latest Pending Home Sales Index of the National Association of Realtors -- with data through May 2012 -- was released June 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.

Lawrence Yun, NAR chief economist, says longer term comparisons of pending home sales show the most relevance.  “The housing market is clearly superior this year compared with the past four years.  The latest increase in home contract signings marks 13 consecutive months of year-over-year gains,” he said.  “Actual closings for existing-home sales have been notably higher since the beginning of the year and we’re on track to see a 9 to 10 percent improvement in total sales for 2012.”

Nationwide

• Annually: contracts increased 13.3% over May 2011
  
  
• Monthly: contracts rose 5.9% from April to May.

Region

• Northeast - pending home sales rose 4.8% from April to May and are 19.8% higher than May 2011
  
  
• Midwest - showed a monthly increase of 6.3% and rose 22.1% over last year
  
  
• South - contracts are up 1.1% in May and increased 11.9% above May 2011
  
  
• West - showed a rise of 14.5% in May and increased 4.8% over a year ago

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

• 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

The increase in pending home sales as the summer housing market gets underway indicates buyers are becoming more motivated as mortgage rates drop and sectors of the economy slowly show signs of improvement.

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.

S&P/Case-Shiller: Home Prices Rise in April 2012

The latest Standard & Poor's/Case-Shiller Home Price Index -- reporting data through April 2012 -- was released June 26.   The report shows the Washington region's housing market continues to perform above other markets nationwide.

Accurate local statistics can be found at Real Estate Business Intelligence (RBI) which provides housing data for specific neighborhoods in Washington, DC and surrounding suburbs. RBI's latest report -- released June 11 -- is a more accurate picture of the Washington, DC Metro Area housing market.

For a better understanding of how to interpret housing data check out my blog post How to Evaluate Housing Reports. 

Washington Metropolitan Statistical Area (MSA)

DC, Maryland, Virginia, West Virginia

• S&P reports that on a monthly basis home prices in the Washington region rose 2.8% from March to April.
  
  
• On an annual basis DC area home prices increased 1.6% from April 2011. The Washington Region was one of only ten Metropolitan Statistical Areas which saw positive annual returns.
  
  
• According to the S&P/Case-Shiller 2011 Year in Review -- released March 16th -- single-family home prices in Washington, DC increased 8.4% from market bottom in 2009 and are about 80% above their 2000 levels.

 

 

Nationwide

• On a monthly basis average home prices increased 1.3% in April for both the 10- and 20-City Composites. This comes after seven consecutive months of falling home prices as measured by both indices.
  
  
• On an annual basis April’s data indicate home prices fell by 2.2% for the 10-City Composite and by 1.9% for the 20-City Composites, versus April 2011. While still negative, this is an improvement over the annual rates of -2.9% and -2.6% recorded for the month of March 2012.
  
  
• Ten of the 20 Metropolitan Statistical Areas measured saw positive annual returns – Washington, DC, Boston, Charlotte, Dallas, Denver, Detroit, Miami, Minneapolis, Phoenix, and Tampa.

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 April 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.

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

Mortgage Applications Decrease 7.1% from One Week Earlier

The latest Weekly Mortgage Application Survey of the Mortgage Bankers Association -- with data for the week ending June 22, 2012 -- was released Wednesday, June 27.

“Refinance volume fell last week due largely to a fall-off in refinance applications for government loans, which had more than doubled the prior week,” said Michael Fratantoni, MBA’s Vice President of Research and Economics.  “The large swings in activity were due to the implementation of FHA’s new premiums on streamline refinances, and borrowers timing their applications to lower their premiums.”

• The Market Composite Index, a measure of mortgage loan application volume, decreased 7.1% on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index also decreased 7.1% compared with the previous week.

• The Refinance Index decreased 8% from the previous week.

• The seasonally adjusted Purchase Index decreased 1% from one week earlier.  The unadjusted Purchase Index decreased more than 2% compared with the previous week and was almost 3% lower than the same week one year ago.

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

For additional information, visit MBA's web site: www.mortgagebankers.org.

Weekly Newsletter: June 17-23

My latest DC area real estate newsletter for the week of June 17-23, 2012 contains the following reports:

• The national median existing-home price rose 7.9% from May 2011.
• Seven DC area zip codes selling in 7 days or less.
• 30-Year fixed rate mortgage averaged 3.66%, down from 3.71% last week and 4.50% last year.

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.

H Street Open Houses: June 23-24

In the hyperlinks below I've attached open houses scheduled in and around H Street for the weekend of June 23-24, 2012.

• All results are sorted in order of list price for easy reference.
• Globe and camera icons next to individual listings show maps & 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:

• Saturday, June 23 - 2 opens
• Sunday, June 24 - 11 opens

Bloomingdale,Truxton Circle, and Eckington:

• Sunday, June 24 - 5 opens

Recent trends in the local Washington area signal it is a seller’s market heading into the summer months.  Continued increases in sales prices over last year combined with low housing inventory and shorter days-on-market indicate increased competition between buyers for fewer available properties.

The most recent housing reports from Real Estate Business Intelligence for May 2012 -- released June 11 -- show the following changes in the local market:

• Zip Code 20002: home prices rose 9.5% over May 2011 while inventory dropped 27.65%.  The average property is now selling at 100.63% of original list price.
   
• DC Metro area: prices are up 11% over May of last year, inventory is down 32.4% and days-on-market have dropped 17.6%.

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.

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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.

DC, MD, VA Open Houses: June 23-24

In the hyperlinks below I've attached open houses scheduled this weekend in 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 locations & photos.
• All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.

Washington, DC

• Saturday, June 23 - 26 opens
• Sunday, June 24 - 267 opens

Arlington

• Saturday, June 23 - 10 opens
• Sunday, June 24 - 115 opens

Alexandria

• Saturday, June 23 - 7 opens
• Sunday, June 24 - 107 opens

Montgomery County

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

• Saturday, June 23 - 35 opens
• Sunday, June 24 - 251 opens

Recent trends in the local Washington area signal it is a seller’s market heading into the summer months.  Continued increases in sales prices over last year combined with low housing inventory and shorter days-on-market indicate increased competition between buyers for fewer available properties.

RBI's May 2012 housing report for the DC Metro area -- released June 11 -- shows the following changes in the market:

• sales prices rose 11% over May of last year
• contracts are up 1.6%
• inventory is down 32.4%
• days-on-market have dropped 17.6%

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.

NAR: Sales & Prices Continue to Gain in May

The latest existing home sales report of the National Association of Realtors -- with data through May 2012 -- was released June 21.  Limited supplies of housing inventory helped sales continue a strong lead over year-ago levels.  Home prices are on a sustained uptrend in all regions of the country.

In NAR's methodology existing-home sales are completed transactions for the month prior.  Their data includes all property types: single-family homes, townhomes, condominiums and co-ops.

Nationwide

The national median existing-home price for all housing types rose 7.9% from a year ago, the third consecutive month of year-over-year price gains. The last time there were three back-to-back price increases from the same month a year earlier was from March to May of 2006.

• Single-family home sales are 10.4% above May 2011.  The median existing single-family home price was up 7.7% in May from a year ago.

• Condominium and co-op sales are 4.2% higher than one year ago. The median existing condo price is 8.8% above May 2011.

Region

• Northeast - existing home sales were 7.3% higher than May 2011, the median sales price rose 3.8% from last year
• Midwest - sales rose 19.5% above a year ago, the median price gained 6.4%
• South - sales increased 9.2% over May 2011, the median price rose 7.8%
• West - existing home sales gained 3.6% from a year ago, the median price rose 13.4%

In the local Washington area recent reports indicate a seller's market heading into the summer months.  Median sale prices showed gain of 11% over May 2011 while active listings dropped 32.4% -- the lowest May-level since 2005.  The shrinking housing supply indicates a stabilizing market for the DC Metro area, as sales have increased and listings have declined.

NAR President Moe Veissi offers advice to buyers in markets with limited supply like the DC Metro area. "We are hearing a lot about multiple bidding and quick sales in areas with tight supply, with competition between first-time buyers and cash investors, who have a significant advantage," he said.

"It's extremely important to listen to the advice of your agent and perform all the due diligence that you would normally do in a more balanced market, such as making offers contingent upon a satisfactory home inspection," Veissi said.

*     *     *

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.

Freddie Mac: 30-Year Fixed-Rate Mortgage Averages 3.66%

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, June 21 showing average mortgage rates easing.  Both the 30-year fixed and the 5-year ARM registered new average record lows.  Overall mortgage rates still remain near historic lows helping to keep homebuyer affordability high.

• 30-Year fixed rate mortgage averaged 3.66%, down from 3.71% last week and 4.50% one year ago

 
• 15-Year fixed rate mortgage averaged 2.95%, down from 2.98% last week, and 3.69% one year ago

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
• Bankrate.com
• The Federal Reserve Board

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.

Mortgage Applications Virtually Unchanged

The latest Weekly Mortgage Application Survey of the Mortgage Bankers Association -- with data for the week ending June 15, 2012 -- was released Wednesday, June 20. 

The number of mortgage applications filed in the U.S. remained virtually unchanged for the week ending June 15, with the number of filings edging up a slight 0.8% from one week earlier.

• The Market Composite Index, a measure of mortgage loan application volume, decreased 0.8% on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index decreased more than 1% compared with the previous week.

• The Refinance Index increased 1% from the previous week.

• The seasonally adjusted Purchase Index fell 9% from one week earlier. The unadjusted Purchase Index decreased more than 9% compared with the previous week and was 2% lower than the same week one year ago.

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

For additional information, visit MBA's web site: www.mortgagebankers.org.

Weekly Newsletter: June 10-16

My latest DC area real estate newsletter for the week of June 10-16, 2012 contains the following reports:

• Recent trends signal it is a seller's market heading into summer.
• DC Metro area sales prices are up 11.2% over May of last year.
• In zip code 20002 alone sales prices rose 9.5% over May 2011.
• Mortgage loan applications are up 18% for the week ending June 8.

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.

H Street Open Houses: June 16-17

In the hyperlinks below I've attached open houses scheduled in and around H Street for the weekend of June 16-17, 2012.

• All results are sorted in order of list price for easy reference.
• Globe and camera icons next to individual listings show maps & 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:

• Sunday, June 17 - 6 opens

Bloomingdale,Truxton Circle, and Eckington:

• Saturday, June 16 - 1 open
• Sunday, June 17 - 10 opens

Recent trends in the local Washington area signal it is a seller’s market heading into the summer months.

• RBI's May 2012 report for zip code 20002 -- released June 11 -- shows prices up 9.5% over last year while inventory has dropped 27.65%.  The average property is now selling at 100.63% of original list price.
   
• RBI's May 2012 housing report for the DC Metro area -- also released June 11 -- shows sales prices rose 11.2% over May of last year; inventory is down 32.4% and days-on-market have dropped 17.6%.

 

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.

DC, MD, VA Open Houses: June 16-17

In the hyperlinks below I've attached open houses scheduled this weekend in 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 locations & photos.
• All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.

Washington, DC

• Saturday, June 16 - 29 opens
• Sunday, June 17 - 225 opens

Arlington

• Saturday, June 16 - 16 opens
• Sunday, June 17 - 87 opens

Alexandria

• Saturday, June 16 - 9 opens
• Sunday, June 17 - 60 opens

Montgomery County

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

• Saturday, June 16 - 38 opens
• Sunday, June 17 - 170 opens

Recent trends in the local Washington area signal it is a seller’s market heading into the summer months.  RBI's May 2012 housing report for the DC Metro area -- released June 11 -- shows the following changes in the market:

• sales prices rose 11% over May of last year
• contracts are up 1.6%
• inventory is down 32.4%
• days-on-market have dropped 17.6%

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.

Freddie Mac: Average Fixed Mortgage Rates Reverse Course

Freddie Mac released it's weekly Primary Mortgage Market Survey Thursday, June 14 showing average fixed mortgage rates ending their six week streak of record-setting lows. Regardless, mortgage rates still remain near the historic lows helping to keep homebuyer affordability high, and providing a strong incentive for those looking to refinance.

• 30-Year fixed rate mortgage averaged 3.71%, up from 3.67% last week, down from 4.50% one year ago
• 15-Year fixed rate mortgage averaged 2.98%, down from 2.94% last week, and 3.67% one year ago

Mortgage calculators to compare payments and equity:

• Freddie Mac
• Bankrate.com
• The Federal Reserve Board

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.

Mortgage Applications Reach Highest Level Since 2009

The latest Weekly Mortgage Application Survey of the Mortgage Bankers Association -- with data for the week ending June 8, 2012 -- was released Wednesday, June 13.

• The Market Composite Index, a measure of mortgage loan application volume, increased 18.0% on a seasonally adjusted basis from one week earlier to the highest level since May 2009.  On an unadjusted basis, the Index increased over 30% compared with the previous week.

• The Refinance Index increased over 19% from the previous week to the highest index level since April 2009.

• The seasonally adjusted Purchase Index increased around 13% from one week earlier. The unadjusted Purchase Index increased over 23% compared with the previous week and was 4% higher than the same week one year ago.

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

For additional information, visit MBA's web site: www.mortgagebankers.org.

DC Metro Home Prices Up 11%, Seller's Market Heading into Summer

The latest Real Estate Business Intelligence (RBI) analysis of the DC metro area housing market -- with data through May 2012 -- was released June 11.

In May, the level of active listings was at its lowest May-level since 2005.  The reduction in supply is putting upward pressure on prices, as evidenced by the rise in the median sales price from May 2011.  Generally, when housing inventory declines buyers must compete for fewer available properties leading to an increase in prices and shorter days on market.  Clearly, homes in the Washington Metro area are now selling faster and at higher prices than last year.

The price gain over May 2011 reflects the fourth consecutive year-over-year gain, and the second consecutive double-digit increase for home prices in the region.  Days-on-market have dropped 17.6%.  These trends signal that it is a Seller’s market heading into the summer months.

Prices

The median sale price in the DC Metro Area is up 11% from May 2011. This is the fourth consecutive year-over-year increase and the second straight month of double-digit price growth metro-wide. Pricing in all jurisdictions within the metro area increased relative to May 2011. Year-to-date medians are also on the rise, up 7.7% for the metro area.

Contracts

Pending sales in the Washington market continues on an upward trajectory, as the region posted its 13th consecutive year-over-year increase in new contracts.   In total, 5,593 contracts were signed in May, a 1.6% rise from the previous year.

The condo segment of the market grew the most with 1,362 new contracts in May, 100 more than May 2011, a 7.9% gain.  Roughly half of the new contracts are detached homes, a quarter are attached townhomes, and a quarter are condos.

Inventory

There were 10,510 active listings in the DC Metro Area at the end of May, a 32.4% decline from May 2011.  This is the 15th consecutive year-over-year inventory decline.  The shrinking supply indicates a stabilizing market, as sales have increased and listings have declined.  As interest rates remain low and demand rises, the low supply will continue to put upward pressure on prices.

 *     *     *

Real Estate Business Intelligence (RBI) is the research component of local multiple listing service MRIS. RBI provides the most recent and accurate housing market statistics to the public based on actual sales recorded in MRIS. At RBI you can search sales statistics by your local zip code, county, or region.

H Street Zip 20002 -- Home Prices Up 9.5%

On June 11 Real Estate Business Intelligence released it's May 2012 housing market statistics for zip code 20002 -- which includes H Street, Capitol Hill North, NoMa, Eckington, Edgewood and Trinidad.

The RBI report is cumulative and includes all property types: single-family detached houses, semi-detached rowhouses, condos and coops.  An analysis of the statistics broken down by property type reveals more interesting numbers.  For example, sales prices for houses with four or more bedrooms have jumped 29.67% over May 2011.

 May 2012 stats for zip code 20002:

• Average Sold Price: up 9.5% over May 2011
• Close Price Percentage: the average property is now selling at 100.63% of original list price, an increase of 0.22%
• Inventory: shows a remarkable drop of 27.65%
• Days-on-Market: 31 days, down 36.73% from May 2011

Generally, when housing inventory declines buyers must compete for fewer available properties leading to an increase in prices and shorter days on market. Clearly, homes in 20002 are now selling faster and at higher prices than May 2011.

RBI's Detailed Report for zip 20002 provides a breakdown of sales by property type.  The highest sales activity in May was for three-bedroom townhouses.

• 3BR houses: in May 2012 there were 27 sales of three-bedroom attached homes which sold for an average price of $467,509 -- an increase of 3.44% over May 2011.



• 4+BR houses: there were 19 sales of houses with four or more bedrooms which sold for an average price of $704,100 -- an increase of 29.67% over last year.

May's higher sales prices, shorter days-on-market, and lower housing inventory over last year, repeating a trend seen in recent months:

• The April report revealed a very strong spring market with sales prices in 20002 rising 18.9% over April 2011. Close prices for three-bedroom townhouses alone rose 23.08%.
  

• The March report showed an overall sales price increase of 3.9% throughout the zip code. Close prices for three-bedroom townhouses increased 24.15%.

Real Estate Business Intelligence (RBI) is the research component of local multiple listing service MRIS. RBI provides the most recent and accurate housing market statistics to the public based on actual sales recorded in MRIS. Monthly housing market statistics for every zip code, county, or region in the Washington metro area can be searched at RBI. Just enter your zip code or select your county and search.

*     *     *

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.

Weekly Newsletter: June 3-9

My latest DC area real estate newsletter for the week of June 3-9, 2012 contains the following reports:

• DC ranked among nation's top 10 markets for the 8th consecutive month.
• Clear Capital reports DC *area* home prices rose 7.5% over May 2011.
• Core Logic reports Washington home prices rose 6.4% over April 2011.
• H Street corridor home prices jump 45.11% over April 2011.
• GCAAR reports DC condos sales up 10.3% over May 2011.
• Mortgage rates hit new all-time record lows for third consecutive week.

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.

H Street Open Houses: Sunday, June 10

In the hyperlinks below I've attached open houses scheduled in and around H Street for the weekend of June 9-10, 2012.

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

The most recent statistics for three-bedroom home sales in the H Street Corridor show prices have jumped 45.11% over April of last year.  Close price percentage has also increased: in April 2012 the average three-bedroom townhouse sold for 103.10% of list price.  For more information on local Washington area housing market statistics check out my recent blog post How to Evaluate Housing Reports.

H Street:

• Sunday, June 10 - 11 opens

Bloomingdale,Truxton Circle, and Eckington:

• Sunday, June 10 - 8 opens

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

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.

DC, MD, VA Open Houses: June 9-10

In the hyperlinks below I've attached open houses scheduled this weekend in 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 locations & photos.
• All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.

For more information on local Washington area housing market statistics check out my recent blog post How to Evaluate Housing Reports.


Washington, DC

• Saturday June 9 - 32 opens
• Sunday, June 10 - 296 opens

Arlington

• Saturday June 9 - 8 opens
• Sunday, June 10 - 110 opens

Alexandria

• Saturday June 9 - 11 opens
• Sunday, June 10 - 86 opens

Montgomery County

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

• Saturday June 9 - 30 opens
• Sunday, June 10 - 213 opens

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.