Washington, D.C.
$8000 First Time Home Buyer Extension and New $6500 “Move Up” Buyer Credit Details
It’s officially passed the House and Senate, and is now awaiting the President’s signature. Along with the extension of the $8000 First Time Buyer credit (now applies to any buyer under contract by April 30, 2010 and settling by June 30, 2010), there is now a new credit category:long-time residents of the same principal residence [...]
District of Columbia Co-Ops to Be Subject To Transfer Taxes – Oct 1, 2009
When the FY 2010 budget for D.C. was released, an important change was noted: As of October 1st, 2009, Co-op sales will be subject to an “Economic Interest Tax.” Currently, Co-ops are exempt from Recordation and Transfer Taxes (to be paid by buyers and sellers, respectively) paid on other types of residential real estate (condos, [...]
July 4th, 2009 – Things to Do in Washington, D.C.
It’s almost Independence Day in D.C. again! Here’s a rundown of some things going on around town this weekend: Parade, 11:45am on Saturday, the 4th from Constitution Ave and 7th St United States Air Force Band Concert, 6pm, Washington Monument (SW Corner) A Capitol Fourth Concert, National Symphony Orchestra and some Pop artists on the [...]
Washington DC Regional Market Updates
Existing home sales across the nation took a surprise jump in December, but most experts say that trend (nationwide) is unlikely to continue given further economic decline. Moody’s, however, is optimistic: claiming that 2009 is the “bottom.” Our local economy and flow of investment dollars continues to outperform the nation’s averages. Forbes recently named DC [...]
