Tudor Place in Georgetown is known for its historical significance, architectural beauty, and lush gardens. It is well worth a trip to visit when you are in Georgetown, particularly in the spring when the gardens are in full flower. The property was home to the Peter family for six generations from 1806 to 1983.
8913 Holly Leaf Lane in Avenel is currently on the market for $10M. The property comes with an indoor basketball court, tennis court with stadium lighting, a pool with pool house, four car garage, six bedrooms and eight and a half baths. It is the home of a former Wizards basketball player, Bradley Beal. He is now playing for the Phoenix Suns.
Oktoberfest in the DC area ranges from a dachshund dash to a music fest with lots of beer and pretzels in between. If this sounds like your idea of a great way to spend a fall afternoon or evening, just keep reading.
Apple Picking around DC is easier than you think. There are a number of farms and orchards that allow you to pick your own Golden Delicious, Idareds, Wolf Rivers and more. Some even offer wine and live music on the weekends while other sell other vegetables and beef. Clearly you have lots of choices in both Vriginia and Maryland.
Second home purchases are down from their pre-pandemic levels. Mortgage-rate locks on second homes were down 47 percent from their pre-pandemic levels as of Aug. 2023, just shy of a seven-year low seen in February when rate locks were down 52 percent from pre-pandemic levels
The Clara Barton House in Glen Echo MD is the perfect place for a short history lesson since it is just outside Washington, DC, near several good restaurants, and right next to the C&O Canal for a pleasant hike aftrwards.
Changes to the student loan program will hopefully make it easier for borrowers to pay back their debt now that the COVID repayment suspension is ending.
Less expensive new homes may be coming! In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a historically large percentage of the total available inventory today, that search often includes brand new homes.
People Are Spending Less on Newly Built Homes
The graph below uses the latest information from the Census to show, in June, more of the newly built home sales in this country were in lower price ranges than in 2022:
A non-warrantable condo refers to a condominium unit that does not meet the eligibility requirements for conventional mortgage financing due to certain characteristics or conditions that make it riskier for lenders. There are several reasons why a condo might be considered non-warrantable:
It’s nearly the end of August – so lets have something fun to think about! What do Bob Dylan, Madonna’s father and Diane Sawyer all have in common? They have million dollar plus properties on the market for sale.