The government shutdown of 2018/2019 has been, as of this writing, an unprecedented 35-day hardship for approximately 800,000 federal employees. The shutdown began on December 21st; on December 26th Federal Emergency Management Agency (FEMA) issued a stop-work order to all contractors, and on December 28th the Environmental Protection Agency (EPA) ran out of funds and... Continue Reading →
In 2008 the housing bubble popped, triggering a financial crisis that has not faded from the memories of homeowners and potential homebuyers. As agents we still see "bubble houses", homes that are available currently at a price less than the current owner paid. Because the history of the home is readily available to consumers, these... Continue Reading →
Most homebuyers participate in obtaining a mortgage in order to purchase their homes, whether it's a first home, an upgrade or part of their down-sizing process. Part of that process is rate-shopping to ensure the mortgage the buyer secures is most beneficial to their personal finances. But what about homeowners who are several years into... Continue Reading →
In April this blog discussed pending changes to current TOPA requirements for D.C. homeowners, many of whom could not sell their homes due to tenants (or those who purchased the tenant rights) demanding large sums of money to relinquish interest in a property and permit the sale. As of April the D.C. Council voted to exempt single-family... Continue Reading →
In the D.C. metro market there is no shortage of multi-family, mid-rise and high-rise buildings providing homes to dozens (if not hundreds) of residents. Row-houses throughout the city continue to be converted to condos by developers. What does it mean to own a condo? A condominium is a large property divided into individual units and... Continue Reading →
Lisa Coutts, Realtor 