Headlines: The case of the incredibly shrinking first-time homebuyer demographic
Here’s a look at what’s happening in real estate in the District of Columbia and beyond.
The U.S. economy is improving, employment is growing and home prices are recovering, but first-time homebuyers are not returning to their normal, historical levels of homeownership. — CNBC
“Rising rents and repaying student loan debt makes saving for a down payment more difficult, especially for young adults who’ve experienced limited job prospects and flat wage growth since entering the work force,” says NAR’s chief economist. — Washington Business Journal
Of the residential units in the pipeline in Bethesda, roughly 400 of then are condos. Additional apartments and retail space are also on the horizon. — Urban Turf
Consistency doesn’t mean that every room should have the same finishes or materials. Rather, it means that there should be a general congruency throughout the home. — Washington Post
If I were to give any advice to anyone in our community of REALTORS®, it would be to listen to your gut more. We’re all so eager to get the next deal; we’re not listening. Even as our gut is screaming, we think it won’t be us. — Realtor Magazine
After rising from 8 percent to 40 percent from 2001 through 2011, the percentage of buyers who found their homes on the Internet has remained steady at 43 percent for two years in a row. — Inman News