John Akhavan Real Estate Agent

John Akhavan

Managing Partner
License#:
0
Reviews
(703) 522-6444

Blog

Bannerimage

Washington D.C. | June 2021 Home Demand Map

By Bright MLS - June 11, 2021
Read more
Bannerimage

$1 million over asking: D.C. bidding wars escalate

By Kathy Orton (WP) - June 01, 2021
U.S. Housing Crunch Intensifies A house in Chevy Chase, Md., sold for $1 million above its asking price last month. The five-bedroom, five-bathroom, 5,000-square-foot house in sought-after Chevy Chase Village was listed at $3,495,000 on April 16. After receiving seven offers, the sellers accepted a contract for $4,540,000 on April 19. The sale closed on May 3. Bidding wars have been occ
Read more
Bannerimage

Real Estate Performance and the Pandemic

By John Akhavan - March 24, 2021
How the Washington DC Metropolitan Market Survives Challenges Published in Redux Extra Magazine Spring 2021 Following the 2009 Great Recession, it became quite clear that the Washington DC real estate market was largely recession proof. The District and surrounding areas are shielded from the ups and downs of the economy because Real Estate stability is tied closely with employment and DC has
Read more
Bannerimage

Mortgage Applications Drop Due to Rising Rates, Winter Storms

By UrbanTurf Staff - February 24, 2021
Mortgage demand fell last week and rising rates and snow were to blame. Mortgage applications dropped 11.4% compared to the previous week, according to data released by the Mortgage Bankers Association today. "Mortgage rates have increased in six of the last eight weeks, with the benchmark 30-year fixed rate last week climbing above 3 percent to its highest level since September 2020," Joel K
Read more
Bannerimage

Rosslyn Holiday Inn Demolished to Clear Land for New Development.

By Anisa Holmes - December 13, 2020
A Holiday Inn in Arlington was demolished Sunday morning to clear the land for a new development. Several streets in Rosslyn were closed for much of the morning following the implosion of the building, located at 1900 Fort Myer Drive in Northern Virginia. The implosion was conducted by Controlled Demolition Inc. The Rosslyn Holiday Inn had been on Fort Meyer Drive for 48 years, seeing near-full
Read more
Bannerimage

100% Loans Are Back

By John Akhavan - November 01, 2020
Most wealth is created through real estate. When banks lend 75%-85% of the value of property, buyers and investors are able to double their cash-on-cash investments (net worth) more rapidly than in most other businesses. Be alert: select banks are rolling out 100% loan programs for savvy borrowers that qualify. See some examples below and call/text me to discuss. 703 522 6444 Physician Mortgage
Read more
Bannerimage

Amazon's HQ2 Grows With Hotel Deal in Pentagon City

By Bryce Meyers - Costar News - September 23, 2020
E-commerce Giant Pays $148.5 Million for Residence Inn by Marriott Amazon has acquired the Residence Inn by Marriott in Arlington, Virginia, with plans to demolish the hotel and incorporate the site into the second phase of its headquarters campus. The e-commerce giant, through its subsidiary Acorn Development, finalized a $148.5 million deal with Blackstone Group to acquire the 16-story hotel
Read more
Bannerimage

Suburban Real Estate Booms As Families Look for More Space

By John Akhavan - September 20, 2020
With changing work and study needs, families looking for more space are turning to the suburbs, reversing a 20 year long trend toward urban walkable living. Six months of tele-working has shown that employees can work effectively from home and whiile in-person meetings are occaisonally necessary, they are not required daily. The prospects of lower overhead costs are prompting companies to end
Read more
Bannerimage

Mortgage Refinancing Will Be More Expensive as Fannie Mae and Freddie Mac Raise Fees

By Diana Olick - August 13, 2020
Consumers will have to pay more to refinance their mortgages after Fannie Mae and Freddie Mac announced that they are raising fees for lenders on the loans. The change is designed to shield the two entities from the additional risk brought on by the coronavirus pandemic. In a letter to lenders, Fannie Mae specifically cited “market and economic uncertainty resulting in higher risk and costs.” Th
Read more
Bannerimage

Rosslyn Skyline Changing with 3,800 New Residential Unites in the Pipeline

By John Akhavan / Nena Perry-Brown - August 10, 2020
The Over 3,800 Residential Units Slated to Remake Rosslyn Rosslyn residential pipeline has seen a resurgence with the revival of some projects and the introduction of others. Most of the developments involve existing office and hotel sites. Key Bridge Marriott Redevelopment In March, the Arlington County Board approved a redevelopment application for the 5.5-acre site of the Key Bridge Marri
Read more
Bannerimage

Mortgage Rates Drop, Hitting a Record Low for the Eighth Time this Year

By FreddieMac - August 06, 2020
The resilience of the housing market continues as mortgage rates hit another all-time low, giving potential buyers more purchasing power and strengthening demand. We expect rates to stay low and continue to propel the purchase market forward. However, the main barrier to rising demand remains the lack of inventory, especially for entry-level homes. Average commitment rates should be reported alo
Read more
Bannerimage

In DC’s Seller’s Market, Home Price Reductions Less Common

By Nena Perry-Brown - July 10, 2020
Not only has homebuyer demand continued to defy COVID-informed expectations, but more evidence is also being revealed on how low supply is affecting home prices. A new report out from Zillow reveals that fewer listings on the market are seeing price cuts in 2020 compared to previous years. In the last week of June, just over 4% of active listings nationwide underwent a price reduction, down from
Read more

Search

Categories

  • Office

  • 5335 Wisconsin Avenue NW 640 Washington DC 20015
  • Qualifying Broker
Copyright © 2026 Realty ONE Group Capital. All Rights Reserved. House Logo

Realty ONE Group, Inc is powered by Burrow Services, Inc.