Specialty Lending Group

12/01/2022

The Federal Housing Finance Agency (FHFA) announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In most of the United States, the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.

​​​​​​Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In most of the United States, the 2023 CLL value for one-unit properties wi.....

06/30/2022

If you are currently renovating or buying in the DMV the article below is a good read.

Below is a prediction:

Prices in the DMV (inside the beltway) will go down by a maximum of 10% - think 2008.

Mortgage rates for owner occupied homes will reach the 9%-10% area and top out.

Housing supply will continue to rise. Buyers will gain more control. In 24-30 months, Q4 2024 or early Q1 2025, the Fed will begin lowering interest rates.

The latest edition of What $1.5 Million Buys includes a Falls Chuch home reminiscent of an Irish castle, a modern townhouse in the Capitol Hill Historic District and a five-bedroom Chevy Chase find.

06/23/2022

The market is shifting.

If you would like our take on the market please reach out by DM.

The pricey D.C. housing market is showing signs of cooling, with a drop in median selling prices in May.

03/16/2020

As measures are considered to help alleviate the financial burdens many may experience as a result of the coronavirus pandemic, mortgage payments are also getting some attention.

02/24/2020

"Loan officers at U.S. banks reported leaving lending standards for businesses and most commercial real estate unchanged in the fourth quarter... although they expect to tighten standards for most types of business loans this year."

Loan officers at U.S. banks reported leaving lending standards for businesses and most commercial real estate unchanged in the fourth quarter, a Federal Reserve survey showed on Monday, although they expect to tighten standards for most types of business loans this year.

02/21/2020

"Millennials only own 4% of American real estate by value — a lot less than the 32% of real estate value baby boomers owned at their age."

Millennials own 4% of real estate value, compared to 32% of baby boomers at their age thanks to rising housing costs and lack of starter homes.

02/18/2020

"The senior housing market has been one of the fastest-growing sectors in D.C. real estate, with developers bringing thousands of new units to the area hoping to capitalize on a demand bump from baby boomers."
https://bit.ly/37Z2xlU

Occupancy in D.C.-area senior housing is falling, but developers such as Erickson and Silverstone remain bullish and are investing in new projects.

02/13/2020

The record breaking transaction included a three-acre riverfront estate and the neighboring 1950's Frank Lloyd Wright home.

The Northern Virginia estate was formerly owned by late AOL co-founder James Kimsey

02/10/2020

Two Northern Virginia neighborhoods topped a national real-estate list for ‘hottest’ spots to live. Are you living or investing in one of the lucky neighborhoods?

Two Northern Virginia communities are topping the real estate list for the hottest neighborhoods to watch in the entire country.