Greater DC Real Estate News

Real Estate Agent - Keller Williams
The Greater DC Real Estate blog is about helping people understand the market, review selling or buying options, hear and voice opinions, get news and find those resources most helpful for their real estate search.
Looks like things will continue to be tough this year but Denver is a bright spot and had alot of accolades last year. Good forecast article with some great positives about Denver. Metro Denver EDC releases 2010 economic forecast The Metro Denver Economic Development Corporation (Metro Denver EDC...
Fannie Mae has just recently reduced the original timeline for lenders and servicers following foreclosure notification from 15 days to 0 days. The 15 day rule was so the "best offer" could be procured but with the excess inventory of REO' s on it's books-Fannie Mae is getting aggressive. Althoug...
Good video on the argument concerning writing down the principal for loan modification in lieu of foreclosure.
Poor pending home sales (down 16%) and continuing foreclosure rates are causing renewed concern for the housing market in general. Check out the video.
As you can see by this chart, sellers in Denver have only dropped their list prices approximately 5%. This is relatively low in comparison to other cities. Realtors can use this as a tool to inform buyers when considering an offer.  Denver was one of the markets with the lowest percentage of pric...
Just when you think we are starting to make some headway in the housing market, we get the news that almost 20% of all mortgages in Co are under water. Kind of makes you crazy when you think that the interest rates have literally never been lower. Eventually, this will put additional inventory on...
I understand "self-interest" when it comes to banks but the economic disaster we've had to deal with based on some of the shenanigans we've seen makes me insane. Especially after the bailout the gov't has provided for some of the largest banks. In real estate, we see the impact that loan products...
First Time Home Buyer Classes Resume in Arvada, Colorado First time home buyer classes will start again on December 8th at the Arvada Public Library in Arvada, Colorado. First time home buyer classes are an excellent way to learn how to qualify for the first time home buyer tax credit, secure a g...
Recently, I've been working on a short sale that the junior lien holder has been just a pain. Most first position lenders have a set amount that they will pay the 2nd to release the lien. Lately, however it's been a battle with the 2nd asking for alot more money to release the lien. As the forecl...
Looks like congress is going to extend and expand the tax credit for home buyers. It will extend the $8000 FTHB credit until end of April with closing date no later than end of June. It also provides $6500 for existinh home owners who have owned their home for more than 5 years. Same timeframe. S...

Jim Lyons

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