John Akhavan

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The 3 Charts That Show How the DC Housing Market is Rebounding

By UrbanTurf Staff - June 05, 2020
In the wake of COVID-19, home sales fell in every DC-area jurisdiction in April, dropping 20% for the region year-over-year and as much as 25-30% in Arlington and DC proper. The number of homes to go under contract dropped even more acutely, falling by the largest amount in a decade. However, the market has been bouncing back in recent weeks. Below, UrbanTurf highlights three charts that illustr

Mortgage rates fall to new record low — here’s why some loan applicants won’t be offered them

By Jacob Passy - MarketWatch - May 01, 2020
The low interest rate environment isn’t expected to bring much of a boost to the housing market, which is struggling as a result of the economic downturn caused by the coronavirus pandemic. Mortgage rates have dropped to another record low as the coronavirus pandemic continues. Getty Images Mortgage rates have dipped to a record low for the second time in as many months amid the global coronav

Spring Cleaning Has Never Been So Important

By US Inspect - April 23, 2020
With COVID-19 health concerns, cleaning and disinfecting is even more important. The CDC provides guidelines for everyday cleaning, along with extra steps to take when someone in your home is sick. - Clean surfaces with soap and water first to remove dirt, then disinfect - Diluted bleach solutions can be used, but make sure it has not expired - Leave solution on surfaces for at least 1 minute - A

The COVID-19 Effect - 2019-2020 Market Comparison

By John Akhavan - April 19, 2020
In the first two weeks of April, we have seen a drop in new listings compared to 2019 and to earlier in 2020. Compared to the same time last year, more than 50% fewer new listings hit the market across the DMV. After a strong start to March, new Under Contract listings have started to drop steadily in April and are down around 40% compared to this time last year. In the DMV, closed

Liven Up Your Stay At Home

By John Akhavan - April 13, 2020
Spending a day without leaving the house may have sounded like fun three months ago, but now that it’s our new normal, it’s a different story. By now, you and your family might be feeling a bit jumpy at home all day. If that’s the case, check out the information below — you’ll find five ways to liven up your time social distancing with games, crafts and cooking. These outside-of-the-box ideas will

DC-Area Housing Market Sees Beginning of Corona Effect in March

By UrbanTurf Staff - April 13, 2020
The regional housing market kept up its hot start to the year in March until the effects of the coronavirus started to materialize. The latest housing report from Bright MLS reveals a market that started out strong in March and then began to slow down in the middle of the month. While regional home prices saw a 10-year high for the month and homes were selling on median in just over a week, the

Information on CARES Act

By John Akhavan - April 02, 2020
As we're all dealing with the effects of COVID-19 on our lives, I want to share encouraging news: the government has approved the $2.2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act which will help millions of people in this critical time. Perhaps even you. This sweeping legislation is unprecedented in the history of our nation and provides significant economic as

Why is Real Estate So Expensive In The DC Area?

By Ally Schweitzer - March 03, 2020
There sure are a lot of "luxury" homes in the Washington area these days. "Premium" amenities. "Elegant" finishes. Marble and stainless steel everything. They're among the many high-end features found in newly constructed apartments in hot neighborhoods like The Wharf and Navy Yard. And it's easy to think these fancy extras are the reason rents have gotten so high. But that's not exactly right.

New Luxury Condos in Rosslyn - The Pierce

By John Akhavan - February 01, 2020
Exclusive Brokers Preview On Thursday January 30th, a select group of Realtors were able to get a first glimpse of the newest luxury development in Rosslyn, Pierce. Slated for delivery in 2021, Pierce will be a 26-story condominium with 104 residences that will have floor-to-ceiling windows and views of the Potomac and the D.C. skyline. It will be one of 3 buildings in a larger project called H

Sellers Take Note: Cool Technology That Gets Buyers Excited

By John Akhavan - January 09, 2020
Sellers Take Note: Cool Technology That Gets Buyers Excited You’ve got a great job offer and you’re moving from your New York City condo to a more affordable city like Athens, Georgia. Let’s face it, it’s now time to get rid of that winter boot cleaning service. Today you need to start thinking about selling your home this year and possibly making a few important updates before doing so. I

First Time Home Buyer's Guide

By John Akhavan - January 02, 2020
Basics 1. The Washington DC-area housing market breaks all the rules. The simple rules of supply and demand mean that prices go up when the demand for housing is high and the supply is short, right? Well, The Washington Post recently reported that despite the high demand and low inventory, home values in the DC Metro Area are actually staying relatively stable. Don’t get us wrong: the housing i

Commercial Property Valuation

By John Akhavan - January 01, 2020
Estimating the Value of Commercial Real Estate There are 3 principal ways to estimate the value of Commercial Real Estate: Comparable Sales - Looking at similar properties that have recently sold in the vicinity of the subject property can provide valuable insight on the price per square foot value. This method should not be used without consideration to the income method since 2 ident

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