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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Show All Comments
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

MICHAEL:  Good addition to the list.

June 27, 2008 08:34 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

HOPE:  Times have changed and they certainly will change again.

June 27, 2008 08:34 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

ELIZABETH:  Thanks for your comments.  Hard at work...

June 27, 2008 08:35 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

JOSHUA & KATHY:  Thanks for your comment.

June 27, 2008 08:35 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

JOE:  Thanks for your comment.  It's Brian, though.

June 27, 2008 08:49 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

ANN:  There is a reason.  See if you can guess.

June 27, 2008 08:50 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

SHEILA:  Yes, staging can have an impact.  I took the ASP course for REALTORS back in the Fall, though I can't say I've actually used staging much in my business, but it's nice to know about it and understand the concept and the profession a little more and to be able to explain it to clients.

June 27, 2008 08:51 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

JAY:  I guess saying that I'm active on Active Rain is a bit of an understatement.  By the way, I owe you a phone call...

June 27, 2008 08:52 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

KIM:  Yes, it's nice to see some people who were previously priced out of the market hopping back in.

June 28, 2008 03:17 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

TRELA:  You are right -- Green Housing is definitely a Hot Topic.

June 28, 2008 03:18 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

GINGER:  Thanks for your comment.  Agreed.

June 28, 2008 03:19 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

JOETTA:  Thanks for your comments and for reading.

June 28, 2008 03:34 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

GREG:  You are welcome.

June 28, 2008 03:34 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

MARY:  While most people still need to physically go visit a home at some point before making a decision, a lot of the legwork can be completed online before ever getting in the car.

June 28, 2008 03:35 PM
Rainmaker
630,704
Brian Block
Northern Virginia & D.C. Real Estate
RE/MAX Allegiance, Managing Broker/Branch Vice President

SUSAN (MORRIS COUNTY NEW JERSEY):  Thanks for your comment.  You may or may not wish to change your profile name so that people know who you are.

 

June 28, 2008 03:37 PM
Rainmaker
630,704
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
253,750
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
630,704
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
450,572
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
630,704
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
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Rainmaker
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Brian Block

Northern Virginia & D.C. Real Estate
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