November 15, 2024

7 Condo Investment FAQs You Need!

Before you outlay a big chunk of money for a condo investment, here are 7 frequently asked questions. Investing in condos can be an attractive option for several reasons compared to single-family homes. First, condos typically come with a lower purchase price than single-family homes in the same area, making them more accessible and requiring less upfront capital.
September 19, 2024

The Interest Rate-Condo Price Connection

Low interest rates, while often seen as a driver of real estate transactions, can also discourage homeowners from selling their properties. Many owners secured their homes during a period of historically low mortgage rates. These favorable rates made owning a home more affordable by reducing monthly mortgage payments. If they were to sell, they would likely face much higher interest rates when purchasing a new home, leading to significantly higher monthly payments. This "rate lock-in" effect causes homeowners to think twice about selling,
July 17, 2024

A Tale of Two Cities

People often ask me how the condo market in Arlington compares to the condo market in DC. Both are dense, urban areas that have a shared history. Arlington was part of the original ten-mile square surveyed in 1791 for the Nation’s Capital. In 1847, at the request of the local residents, Congress retroceded Arlington to the Commonwealth of Virginia.