Real Estate

What $560k(ish) gets you in DMV real estate

The inside of a decorated living room in a single family home.
3100 King Tree St., Silver Spring. Photo: HD Bros

The median sold price for homes in the D.C. region in December was $560,000.

Wealth gap impacts D.C.'s Black homebuyers

Data: Zillow analysis of data from the Home Mortgage Disclosure Act (HMDA); Map: Baidi Wang/Axios
Data: Zillow analysis of data from the Home Mortgage Disclosure Act (HMDA); Map: Baidi Wang/Axios

D.C.’s Black mortgage applicants are denied at almost three times the rate of white applicants.

By the numbers: New Zillow analysis found that 20.8% of Black mortgage applicants in the District are denied. That’s compared to 7.7% of white residents.

D.C. sellers are rejecting qualified veteran homebuyers

A post-it note that says "DENIED" stuck to a green toy soldier.
Illustration: Maura Losch/Axios

The District's real estate market has been tough for all buyers during the pandemic, but veterans financing through the Department of Veterans Affairs tend to have an even harder time thanks to program incentives that concern sellers.

Why it matters: The VA's home financing program should make buying a home easier for veterans, but due to stricter appraisal and contingency requirements and what advocates call a lack of understanding of the program, it can prevent qualified buyers from keeping up in D.C.'s super-competitive market.

D.C. commercial real estate’s 2022 outlook

Illustration of a city building covered in stickers with dollar signs on them
Illustration: Sarah Grillo/Axios

Commercial real estate hasn’t gotten the same red-hot momentum as residential during the pandemic, but industry experts are optimistic about 2022 overall, specifically the second half of the year.

The big picture: Office buildings are the big point of concern for the commercial real estate industry, while the industrial warehouse and multi-family housing markets are projected to have solid performances this year.

Paige Hopkins
Jan 3, 2022 - COVID

2021 D.C. real estate trends to hold in the new year

Row houses in Columbia Heights, D.C.
Rowhouses in Columbia Heights. Photo: Matt McClain/The Washington Post via Getty Images

2021 was a wild year for D.C.’s real estate market. 2022 will be tamer, industry experts tell Axios, but it’ll still exceed pre-pandemic activity.

“I think people are thinking it’s going to be a more normal year. It’s still, compared to normal, going to be off the charts,” Zillow economist Nicole Bachaud says of 2022’s real estate market.

Georgetown leads D.C.’s wild real estate market

A row of townhouses in Georgetown.
Photo: Caroline Brehman/CQ-Roll Call via Getty Images

Even as the entire D.C. real estate market continues to be competitive, Georgetown stands out from the rest. 

  • The area had the largest jump in median home price in 2021 according to Urban Turf.
Paige Hopkins
Dec 8, 2021 - Business

D.C. employers are leasing office space again

Pattern of office chairs with a single image of the coronavirus virus breaking up the pattern.
Illustration: Megan Robinson/Axios

Demand for office space is up and surpassing pre-pandemic levels in the D.C. area, according to CBRE.

Why it matters: Empty office buildings resulting from employees working from home is one of the driving forces behind empty downtowns both in the DMV and around the country. 

Paige Hopkins
Dec 6, 2021 - News

Carriage houses are D.C.'s old new real estate

A D.C. alley lined with garages and carriage houses.
A recently sold carriage house on T Street NW. Photo courtesy of Coalition Properties Group

Carriage houses, in D.C. and other historic cities, are gaining popularity again thanks to a variety of viral video tours and TikTok content.

Why it matters: As D.C.’s real estate market continues to be hotter than ever, emphasis on carriage houses highlights how valuable even small spaces are thanks to continued low inventory.

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