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March 6, 2023
By Washington Business Journal, March 3, 2023 Prince George’s County lawmakers on Tuesday passed a controversial bill imposing rent stabilization, often termed rent control, effective through 2024. The Rent Stabilization Act of 2023, which the county council approved 9-1 with…
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July 15, 2021
In the Washington Post, July 13, 2021 The D.C. Council adopted a plan on Tuesday to gradually put an end to a slew of protections that have shielded residents during the coronavirus pandemic, including prohibitions that kept landlords from raising…
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April 6, 2021
UPDATE – Apr 7, 2021 – DC Council Approves First Changes To Eviction Ban – Bis By The Washington Business Journal, Apr 2, 2021, D.C. lawmakers next week will consider allowing the first evictions since the outbreak of the Covid-19…
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March 14, 2020
While LLCs are a great way to hold real estate, they have costs that go along with them. Washington Post Q: Are there any lenders that will loan money to a limited liability company that wishes to put up free…
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sellingdchome_ig3oad
September 2, 2019
DEJA VU! We first discussed the proposed FHA changes way back in June 2016, but the Federal Housing Administration did not finalize the rule changes until August 2019. The new rules will make a FHA mortgage loan available to many…
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July 3, 2019
A blitz by homeowners and Realtors fought off a surprise attack by the DC Council on homeowners. On May 13th, Councilman Grosso proposed a new tax in the District on expensive homes. The new tax would have raised the residential…
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March 25, 2019
The Federal Home Loans Administration (FHA) recently made an important change to its approval process that that has received little notice. Starting mid-March 2019, FHA will now give greater scrutiny to applicants with credit scores less than 620, or with…
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February 5, 2019
The DC Council unanimously passed a law in November to limit home-sharing, banning investment properties and limiting the rental of primary residences. Home-sharing is the short term rental (usually less than 30 days), of a room, basement or entire house,…
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sellingdchome_ig3oad
January 26, 2019
The percentage of Adjustable Rate Mortgages (ARMs) closed in December reached 9.2 percent in December, the highest on record for Ellie Mae’s Origination Insight Report, which has been revealing data since 2011. This is up from 8.9 percent a month…
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January 22, 2019
The government shutdown is starting more and more to impact real estate. Not just because our community is so tied to the government workforce, and job insecurity is causing delays in rentals and purchases, but also because so many finance…
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