Multigenerational Living is Increasing
Multigenerational living is on the increase over the last few decades. in 1980, only 12% of American adults lived in a multigenerational home. By the start of the 2020s, that percentage has more than doubled, to 26%. Why the rise? There are practical reasons for multigenerational housing. Most people choose to live together for financial reasons and caregiving at first. For those working adults feeling the pressures of balancing career with caregiving, the high cost of housing and difficulty of arranging for convenient and high-quality care — for children or aging parents — are contributing factors. Eventually, they find that there are mental and emotional benefits to multigenerational living as well.
2400 Foxhall Road – Nearly $32M
2400 Foxhall Road is on the market for nearly $32 million. The property, inspired by the Château du Grand-Lucé in central France, was built by developer Michael Banks with architect David Jones, In addition, landscape architect Richard Arentz and interior designer Thomas Pheasant added their skills over the course of three years to create this home on 1.47 acres. According to the listing agent, Daniel Heider of TTR Sotheby’s International Realty, if the property goes for asking price, it’ll be the most expensive residential sale in DC history.
Time to Downsize?
Time to downsize? You may be wondering what you should be thinking about and what boxes to check. There are a number of reasons that motivate people to downsize – and each person’s reasons and triggers are different.
Katy Perry Law for Elder Care
The Katy Perry Law, the Protecting Elder Realty for Retirement Years (PERRY) Act would give home-sellers aged 75+ up to 72 hours to change their minds about selling a personal residence, It is about to be introduced in several states.
20% Down Payment is Not Required
A 20% down payment is not required! There are two big myths that keep some people fro trying to buy a home. One myth is that you have to put down a minimum of 20% down to buy a home. While a big down payment can be a great way to lower your mortgage payment and convince sellers that you’re serious about buying, coming up with 20% of a home’s purchase price can be difficult. The sad thing is that many people delay purchasing a home and starting to build that all important equity while mistakenly waiting to accumulate that magic 20% down payment.
Price Drops Are Here
Price drops have started in markets around the country. They are not big drops but there is definitely a market shift. The question is whether this is a seasonal adjustment or a real shift. Realtor.com has just put out a new ranking of where home prices are falling the most, compared to a year ago.
Tudor Place In Georgetown
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
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 Around DC
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
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.