UrbanTurf’s recent tutorial on understanding interest rates and mortgage points is a good refresher…particularly as rates approach 6%.
After breaking records in 2021, the median price for a detached home is up modestly (4%) this year. While most neighborhoods had median prices north of $1 million, that wasn't always the case: Brookland ($970,000), Michigan Park ($807,000), Hillcrest ($595,000) and Deanwood ($505,000) have prices that don't reach that level.
After nearly two years of a highly competitive market, once rejected buyers finally have another chance to purchase that home they always wanted, even with higher mortgage rates...
In a recent New York Times article, longtime flower gardener Jenny Rose Carey proclaimed that when it comes to flowers, “September is the new May.”
Headlines broadcasting news of interest rate hikes and rising mortgage rates have been coming at consumers fast and furious for most of 2022