Real Estate

The Hottest Market Ever?!

The Washington DC area's Multiple Listing Service, MRIS (which is not owned by Bright MLS) recently crunched all of the Q1 2017 data and reported some very interesting observations.  Cash, competition, and no contingencies are fairly common and multiple offers are the norm in many popular neighborhoods.

Read all about the state of the market here.

Just this part week our team was able to help 3 different sets of buyers get under contract in very competitive situations.  To learn about how we structure our transactions to ensure success, please don't hesitate to contact us. It makes me think of the scene below from Catch Me if You Can.  
 

And the DC development arena seems to be heating up --- STILL!

There seems to be no end in sight for DC's ultra competitive and highly complex development market.  The number of permit applications through DCRA are back to near record levels, and as this article points out, more development firms are raising entirely new pockets of capital to continue in the financing of development of both commercial, residential, and mixed-use space.

Great read here.