Monday, March 23, 2020 / by John Murdock
The federal government is telling lenders to lower or suspend mortgage payments for up to 12 months for homeowners who have lost income due to the coronavirus outbreak.
Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months.
Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. The move covers about half of all home loans in the U.S. — those guaranteed by Fannie and Freddie. But regulators expect that the entire mortgage industry will quickly adopt a similar policy.
Under the plan, people who have suffered a loss of income can qualify to make reduced payments or be granted a complete pause in payments.
"That forbearance is up to 12 months, depending on their particular situation," says Mark Calabria, director of the; ...
Friday, November 24, 2017 / by John Murdock -- CityScapeMetroGroup
Sure, the District might be part of the Mid-Atlantic region, but it feels more like the North Pole during the holidays thanks to the National Christmas Tree, countless holiday markets, one-of-a-kind seasonal light displays, Christmas-themed bars and lots more. Here are some of the best, can't-miss ways to experience the holidays in Washington, DC.
1Cross visiting the National Christmas Tree off your bucket list
The National Christmas Tree is DC’s claim to fame during the holidays, and for good reason. The gorgeous conifer lives in President’s Park on the White House Ellipse, where it's surrounded by trees decorated with handmade ornaments from 56 U.S. states and territories and is accompanied by nightly musical performances throughout the holiday season. The display is free to visit and open from 10 a.m. – 10 p.m. while the National Christmas Tree is lit each day from 4:30-10 p.m.
2ZooLights takes over ...
Tuesday, November 14, 2017 / by Brittini Martinez
For the past few years, sellers have had all the power in the local real estate market. Today’s buyers and sellers are accustomed to a market marked by rapidly increasing prices, low inventory, fast offers and bidding wars. But real estate is cyclical and a perpetual seller’s market can’t last forever.
In terms of supply and demand, it’s still very much a seller’s market. But we’re seeing some small signals that the market may be shifting back — just a little — toward buyers.
First, let’s analyze the regional data. Across the Washington area, the number of homes for sale has fallen year over year for 18 months straight. The region had about 2.6 months of supply in September, well below the six months that represents a market balanced between buyers and sellers. Homes are still moving quickly, with the typical property finding a buyer in 27 days, six days faster than last September.
Economics tells us that fewer homes for salt ...
Monday, November 13, 2017 / by Brittini Martinez
When buyers see your townhouse for sale, they might not be aware of everything they're buying into. For starters, townhouse owners typically enjoy the benefit of having more freedom over making changes to their domain than, say, condo owners or apartment renters. Townhome communities can also win out in terms of the common facilities—like a shared pool or gym—that they offer. So it makes sense that townhouses have recently become the latest "it" property.
Therefore, if you're planning on selling your townhouse, you should be privy to the best ways to market it, the timeline you might have to follow, and what needs to happen after you accept an offer.
What is a townhouse?
A townhouse is a single-family dwelling with at least two floors as opposed to condominiums that are typically designed like single-level apartments. Townhouses usually share a wall with another house, but unlike a duplex, each townhouse is individum ...
Monday, November 13, 2017 / by Brittini Martinez
Homeowners association rules can be what attracts someone to a new home ... or what drives them away. But if you're on the fence about whether you want to live in an area with an HOA and abide by the rules, it's worth investigating the particular neighborhood and finding out more.
The difference of opinion on homeowners associations, or HOAs, depends on several factors, including individual personalities and preferences and the quality of the particular HOA. Rules and dues vary but, in general, homeowners who live in an HOA must abide by its regulations and pay a monthly, quarterly or annual fee that pays for management and maintenance of the community.
Many homeowners prefer to live in an HOA for several reasons, including:
Community appearance: Homes within an HOA must meet the standards set by the association or face a fine, so you're less likely to see unkempt lawns, peeling paint or a garishly painted house. Some HOAs have am ...