Ritz-Carlton Residences will partner with Bozzuto to bring a 65-unit condominium building to 8507 Connecticut Avenue in the Chevy Chase Lake development. The building will span seven stories and include retail space. The top floor will be 12,000 square feet and have a fitness center, yoga and meditation space, piano lounge/event space, and co-working areas. … Read More
Whether you’re a serious or an amateur cyclist, the D.C. area is home to a wide variety of bike trails, and the fall is one of the best times to get out and enjoy them. Below, we’ve highlighted five of the greatest trails around D.C. 1. The Chesapeake & Ohio Canal This historic park follows … Read More
Local real estate website UrbanTurf identified the six Maryland suburbs that have seen the highest home price appreciation in 2020: #1 – Mount Rainier (17.7% increase) • 2019 Median Home Price: $395,000 • 2020 Median Home Price: $465,000 #2 – Takoma Park (16.8% increase) • 2019 Median Home Price: $445,000 • 2020 Median Home Price: … Read More
With the fall season quickly approaching, now is the best time to get your home in shape before shorter days and the cold weather make outdoor work difficult. Below are some home maintenance ideas to help prepare your home for the upcoming seasons: Exterior – Fertilize and reseed your lawn—during the fall, grass roots grow … Read More
Valor Development, the team behind the redevelopment of the Fox 5 headquarters in Friendship Heights, filed new plans with DC’s Board of Zoning Adjustment that offer a glimpse into the project that will break ground next year. Valor will deliver a 50-foot-tall building, containing 177 residences, at 5151 Wisconsin Avenue NW. 10% of the residential … Read More
The DC metro real estate market maintained its momentum in July, as interest rates ended the month at 2.99% and unemployment held below the national average. July marked a ten-year high for median sales prices in the DC region, with the median sales price rising nearly 13% year-over-year to $530,000. The previous ten-year high for … Read More
The Montgomery County Planning Board unanimously approved a major overhaul of the Westfield Montgomery Mall, located in Bethesda, that will yield 2.9 million square feet of new retail space and 717 residences. The project is led by developer Unibail-Rodamco-Westfield (URW), which owns the mall. Construction will occur in three phases. The initial phase includes construction … Read More
June marked a record high for DC-area home sales, with 6,046 pending sales for the month, up 17.7% from May, marking the highest level for pending sales in a decade. The number of newly listed homes rose 16.2%, and total active listings fell roughly 5.0%. With inventory levels remaining constrained, the median price of homes … Read More
If you are unable to meet your mortgage obligations due to COVID-19-related circumstances, notify your mortgage lender or servicer as soon as possible to discuss your options. Check your most recent monthly statement for your mortgage lender or servicer’s contact information. Homeowners with reduced income may qualify for mortgage relief under the federal Coronavirus Aid, … Read More
Housing market activity picked up in the D.C. area in May, with the number of homes that went under contract rising nearly 34% from April, and the number of new listings increasing more than 12%. Compared to May 2019, pending sales and new listings are 7.5% lower, but the acceleration of activity suggests buyer and … Read More