Close It!™ House of the Week: Enjoy heated floors, hot tub during the final stretch of winter

This week we're looking at a charming single family home located just north of Military Road and across from Rock Creek Park. It has a gourmet kitchen with stainless steel appliances as well as a terraced back yard and large, enclosed patio. The list price is $925,000.

There are 4 bedrooms plus 4.5 bathrooms, including an au pair and master bedroom suite that features a heated marble floors and a Jacuzzi with air and water jets. 

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $211,922.20. Monthly payments will then be around $4,096.36 per month, including HOA dues. For a complete picture of the cash to close, or for a run-down of the seller's side of the deal, plug the numbers into the Web version of Close It™ or download the free iOS app.

Headlines: When baby boomers become empty nesters

Here's a look at what's happening in real estate in and around the District of Columbia. 

Save at settlement by cutting your closing costs

By understanding what title insurance is, how it works and why you need it, you can ensure you’re adequately protecting your real estate investment without spending more money than you have to. -Washington Post

How Starbucks impacts home values in the DC metro area

Looking for somewhere to live that's constantly abuzz with soaring home prices? If you live near a Starbucks, you'll find that and much more. In top 10 list of U.S. Metro areas whose home values were most affected by Starbucks, Washington, D.C. placed third. -Curbed DC

When appealing a property tax assessment in DC fails

In the past year, 4,507 valuation appeals went to RPTAC, of which 3,290 were residential. That was a big increase for the small commission, with valuation appeals up 1,236 from the year before. -Urban Turf

Home price gains stall in Washington 

Home values in the Washington market continue to rise much more slowly than many other cities, with prices little changed from a year ago, according to real estate firm CoreLogic Inc. -Washington Business Journal

Sticker shock stalls downsizing boomers

Their desire, however, to live in walkable, urban centers, where they can lead an active physical and cultural lifestyle, is just not affordable in today's tight market. They are therefore staying put longer, and causing a huge shortage of available inventory for the overall housing market. -CNBC

Downsizing tips for empty nesters

Life is a journey. Couples buy the big house when they start their families. But when their kids fly the coop, they’re stuck with a too-big house that no longer meets their needs or fits their lifestyle. -Washington Post

Headlines: Consumers don't shop for mortgage, title services enough

Here's a look at what's happening in real estate in the District of Columbia and beyond. 

Why DC's housing inventory shortage will continue 'for the foreseeable future'

A recent uptick in the number of homes on the market hasn’t been enough to balance an inventory shortage in the DC metro, and low inventory will likely continue to be a theme through the year. -Urban Turf

How to negotiate closing costs on a newly constructed home

Today, many builders offer incentives to the buyer in the form of either upgrades to the house or credits given at settlement that help reduce the closing costs. -Washington Post

How much for a Georgetown condo under 440 square feet?

This zero-bedroom condo thinks a lot of itself, and it should with how well it's able to transform a potentially cramped abode into a well-lit, well-furnished space. -Curbed DC

JBG acquires majority of Akridge's Half Street project by Nationals Park

DC developer Akridge has sold the majority of its Half Street parcel across from Nationals Park to The JBG Cos., which is expected to redevelop the site with two new residential buildings and a large amount of what one executive called "dramatic" retail. -Washington Business Journal

Study shows consumers spend too little time mortgage shopping

According to a recent report by the Consumer Financial Protection Bureau (CFPB) in conjunction with the Federal Housing Finance Agency, a significant number of consumers may not be shopping enough to ensure they are receiving the mortgage that best fits their circumstances. -Washington Post

Equity One unveils Westbard development plans

The condo building proposed for the Manor Care site would have 75-foot heights facing River Road, but rise 50 feet in the back to better fit in with the single-family homes in the neighborhood. The company is planning about 250 units for the two buildings. -Bethesda Magazine

Close It!™ House of the Week: Where nature and nightlife meet

This week we head just across the DC / Maryland border to a townhouse adjacent to the woods in Silver Spring. The location provides convenient access to the trails of Rock Creek Park as well as shops and nightlife in Downtown Silver Spring. It's listed at $464,950.

The unit has 2 bedrooms, 3.5 bathrooms and 2 fireplaces. The kitchen is spacious with stainless steel appliances, and the house also comes with a home warranty. 

Assuming a homebuyer puts down 20 percent on a conventional loan, her cash to close number will be approximately $106,746.02. Monthly payments will then be around $2,558.31 per month, including HOA dues. For a complete picture of the cash to close, or for a run-down of the seller's side of the deal, plug the numbers into the Web version of Close It™ or download the free iOS app.

Headlines: Millennials make their way into mortgage market; more on fate of pop-ups in DC

Here's a look at what's happening in real estate in the District of Columbia and beyond.

Millennials jump into the mortgage market

Statistical measures and anecdotal reports suggest that young couples and singles in their late 20s and early 30s have begun making a belated entry into the home-buying market, pushed by mortgage rates in the mid-3-percent range, government efforts to ease credit requirements and deep frustrations at having to pay rising rents without creating equity. -Washington Post

Report: 1 in 3 FHA borrowers would benefit from a refinance

With mortgage rates as low as they’ve been in more than a year, refinancing is becoming a cost-saving option for many homeowners. -Urban Turf

DC proposes limits on pop-ups

In response to citizen concerns, the D.C. Zoning Commission is considering an amendment in selected R-4 zones (single-family-attached dwellings) to reduce allowable building height and permit no more than two units per row house lot. This is essentially a neighborhood preservation initiative. -Washington Post

The Height Act for dummies

With all the hubbub over pop-ups and new development, population growth and the changing landscape of the city, Washingtonians should get straight on this one. The truth is a little more complicated and perhaps a little less romantic that the myth. -Urban Scrawl

Goldstar to begin work on 41-unit Hill East condo

The construction of a 41-unit condo building at 1500 Pennsylvania Avenue SE, in Hill East, will begin in April. The four-story residential building with parking garage will be finished by the end of 2015. -Elevation Media

Our blog contains general information only, not intended to be relied upon as, nor a substitute for, specific professional advice. Rate tables and figures that appear on our blog are deemed reliable but not guaranteed. For current rates & policies, refer to our Quick Quote and Consumer Guide. We accept no responsibility for loss occasioned to any purpose acting on or refraining from action as a result of any material on our blog.