What's Hot & What's Not for Real Estate this Summer

By
Real Estate Agent with RE/MAX Allegiance, Managing Broker/Branch Vice President

What's Hot & What's Not

Unlike the latest hit song or fleeting celebrity of Ashley Dupre (who? oh yeah, that was Eliot Spitzer's call girl), real estate is always a hot topic.  Whether the market's going up or going down, having a home and a place to rest your head at night will always rank up there on Mazlow's hierarchy of needs.

While real estate as a whole always generates buzz, here's a look at What's Hot & What's Not for

D.C. & Northern Virginia real estate

for Summer 2008:

                               


Negotiating discount from asking price                                Bidding wars on homes

New construction condos                                                    Condo conversions

Living on the metro line                                                    Commuting to D.C. from Loudoun County

30 year fixed rate loans                                                    5 year interest only ARM

Foreclosures                                                                    Handyman special

Home inspections                                                            Waiving a home inspection

FHA & VA mortgages                                                        Zero down mortgages

Buy & Hold                                                                      Flip that house

Homes selling in weeks/months                                        Homes selling in hours/days

Staged homes                                                                Vacant homes

Craigslist                                                                        Newspaper classifieds                                     

Short sales                                                                     Short sales

Online home search                                                        Driving to open houses every Sunday

Buyer's market                                                               Seller's market  

Affordable housing                                                          Sky-high prices

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Rainmaker
625,605
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

ERIKA:  Thanks for your comment and the laugh about the speeding tickets.

June 28, 2008 03:39 PM
Rainer
251,100
Cindy Lin
Staged4more Home Staging & Redesigns // EcoJoe

I think sky high prices were never in ;) And thanks for plugging home staging! It does work!

Cheers,

Cindy

June 30, 2008 04:13 PM
Rainmaker
625,605
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

CINDY:  Thanks for your comment.  Nobody enjoyed sky high prices, but they most certainly were here for a while.

July 01, 2008 09:02 PM
Rainmaker
429,398
Ritu Desai
Northern Virginia Realtor - Fairfax/Loudoun/PW - 7
Samson Properties

Very clever list and true to our today's market.

July 03, 2008 01:21 PM
Rainmaker
625,605
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

RITU:  Thanks for your comment.

July 04, 2008 07:33 AM
Anonymous
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Brian Block

Northern Virginia & D.C. Real Estate
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