Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is over 44 times Continue Reading
One of my passions in real estate is to help people understand that smoke and mirrors are not a necessary part of the real estate game. For instance, there are different pieces of information that when pulled all together can help you determine the right price, or value, of a home: Recent market activity, or as agents like to call it, comps. For this information, I recommend going to an agent who knows the neighborhood extremely well. Any agent will Continue Reading
Investment? Income? Interest? Actually, INFLATION. The dirty little word, just there alongside Recession. With the Fed now pouring money into the US economy by expanding its balance sheet to more than $2 trillion in order to stimulate the economy, there’s have been more than a few economists starting to talk about INFLATION. The large Fed infusion could result in an upward pressure on prices across the board, thus creating an inflationary spiral. This is not something we should think Continue Reading
There’s now a 1 bedroom on the market for $259,000. That’s as low as they’ve gone. Look here for more particulars about West Village of Shirlington. This property would also make a great investment. Meet you there to check it out! Just let me know what time suits you best.
During these stressful economic times as promoted in the national media, it’s good to remember that Arlington Virginia was recently named the top Wealth Center in the nation.
International TV films my listing Show Television, one of the major networks in Turkey, was in DC this past week covering the election, and before getting on the plane they filmed another business episode about the U.S. real estate market. Their premise: U.S. real estate is a great investment for Turkish investors. They filmed two of my listings. The one pictured here is 2235 N. Upton St. in Arlington. It’s priced at $1,499,000. In Istanbul, it would be priced at over Continue Reading
I’m working with a number of real estate investors in Arlington and Fairfax counties these days. Just an on-the-ground indicator of where a lot of real estate activity currently is.