DC Realtors About Washington DC Real Estate By The McConkey Real Estate Team
We’ve had a victory. The DC Council, which is not the friendliest for property owners and landlords, passed on December 20th the “First-Time Homebuyer Benefit Amendment Act.” The Act is to help home affordability by helping first-time homebuyers to buy…
Read more
We were treated to GREAT NEWS in May. In a speech to the National Association of Realtors, Housing and Urban Development Secretary Julián Castro said the Federal Housing Administration (FHA) has completed its promised reforms of condominium mortgage rules and…
Read more
Despite vigorous lobbying efforts by many community groups including Realtors through the Greater Capital Area Association Of Realtors (GCAAR), the County Council approved a drastic increase in the Montgomery County real estate taxes, both property taxes and recordation fees. This…
Read more
If you own a rental property in the District you are supposed to obtain a DC business license. Whether it is a single family home, an apartment building, a condominium, or just a basement apartment, you are required to have…
Read more
2015 DC Real Estate Sales Annual sales reach the highest level since 2006; Prices gain only 1 percent for second straight year, but remain 24 percent higher than 2009’s bottom levels. OVERVIEW 2015’s median sales price ended up at…
Read more
A new law was passed by the DC Council and signed into law by Mayor Gray to protect DC tenants by requiring landlords to furnish “prospective tenants” with a summary of laws pertaining to the rental of housing in the…
Read more
Fair Isaac Corporation, the purveyor of the FICO Score is rolling out a new credit score formula that will help borrowers who are regarded as too risky by lenders to obtain mortgages, credit cards and auto loans. The formula is…
Read more
We have been keeping a close eye on an important issue that has had a polarizing effect on the District’s real estate community, Pop Up Zoning. A compromise was reached in a recent vote by the DC Zoning Commission. The…
Read more