Harvard University’s Joint Center for Housing Studies released its latest Rental Housing report, detailing rental market conditions across the nation. The report found that it has become increasingly difficult for middle-income Americans to afford rent as much of the growth in demand since 2010 has been concentrated at the upper end of the market. New … Read More
*Beztak and Foxhall Partners have filed a zoning application to add 40 studio apartments and more retail to the AdMo Heights development at 1773-1777 Columbia Road NW. The development currently has 80 units above retail and 31 parking spaces. The site is zoned MU-5A for medium-density mixed-use, and the developer plans to integrate the 40 … Read More
Back in 1973, the average home was 1,660 square feet; today, that figure is about 2,600 square feet. There are many reasons people might choose to downsize their home: retirement, an empty nest, a move to the city, and many other life changes. The decision to downsize is very personal and depends on your goals, … Read More
The three-acre riverfront estate that was owned by the late AOL co-founder James V. Kimsey has sold for approximately $45 million, the Wall Street Journal reports. The transaction is the most expensive residential sale on record in the DC area. The record was formerly held by the sale of a nearby $43 million estate once … Read More
After nearly a year’s worth of research, which included visits to over 300 local dining establishments, Washingtonian magazine has published its decisive ranking of the city’s very best 100 restaurants. Here are the 10 who made it to the very top tier of this exclusive list: 1) Anju 1805 18th Street NW 2) The Dabney … Read More
The Journal of Real Estate Finance and Economics published a new study that used deep learning and Google Street View to quantify how much curb appeal adds to a home’s value. The researchers, from the University of Alabama and University of Texas at Arlington, found that, on average, a home with excellent curb appeal sold … Read More
Buying your first home is both an exciting milestone and intimidating financial investment. With median home prices in DC hitting record highs, and inventory levels remaining low, navigating a home purchase for the first time can be overwhelming. Here are five tips for helping you tackle the home-buying process; and, as always, contact Carolyn today … Read More
As DC’s population continues to expand, residential developments are springing up all over the city to accommodate its increasing density. Hoffman-Madison’s 24-acre project, The Wharf, brought three music venues, two apartment buildings, a condo building, multiple hotels, and over one acre of green space to the southwest waterfront. Meanwhile, the $1.3 billion Capitol Crossing project … Read More
As the 2020 housing market gets under way, it’s important to take a look back at what the 2019 real estate market looked like in DC to get a clear picture of where we are and where we’re headed in the new year. Local real estate website UrbanTurf analyzed market data on the 2019 DC … Read More
December 2019 was a record-setting month for DC home prices, with the median price rising to $635,000. For comparison, the median home price in the district in December 2010 was $399,000. The previous record price, $620,000, was set in June 2019. In addition to DC, home prices rose last month in Arlington, Montgomery County, and … Read More