Category: Real Estate

Demand for Homes Exceeds Supply

Guest post and photo from Melinda Schnare You’ve probably been a part of a housing market conversation where you’ve heard “inventory is low.” Here are the numbers for the supply of homes and the demand (buyers looking for homes), compared to last year. Closed sales at the onset of summer (June) dipped below last year’s level by 6.9 percent. Active listings were far below last June’s active listing total of 2,760 (-9.5 percent). Half of the homes sold in June were on the market 11 days or less. Many homes that are moving quickly have kitchens and baths updated,...

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Home and that Sense of Belonging

Guest post and photo from Melinda Schnare I had a conversation the other day about the real estate market and home sales. It was told to me that buyers looking for homes are questioning affordability. I could not have disagreed more. I listen closely when I help guide buyers and what I hear now more than ever is that they want a home that will support and foster a healthy, meaningful lifestyle. Purchasing a home should be a thoughtful process. What I am I talking about is this: People are basing their decision to buy a home on how...

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United Therapeutics Purchases Cameron Street Building

The pharmaceutical company bought this building next to its new construction, seen in the background. Photo by Mike Diegel. United Therapeutics has purchased the building at 8808 Cameron St. in Silver Spring, next to its construction site at the corner of Cameron and Spring streets. The company currently has no specific plans for the building, according to Avi Halpert of UT’s corporate real estate department. “We always seem to have a need for swing space and new little groups that start up,” he said. “It might just be a little UT incubator until we have a real need, but...

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Ellsworth Place Sold to Tennessee Company for $92 Million

Photo of Ellsworth Place by Mike Diegel Ellsworth Place, located at 8661 Colesville Rd., has been sold to a Tennessee-based company for $92 million, according to reports. GBT Realty Corp., a commercial real estate company in Brentwood, Tenn., in partnership with Equity Resource Investments and Avente Financial Group., acquired the 350,000-square-foot shopping center. The sale includes the right to build 250,000 square feet of office space above the mall. The news was first reported by The outlet wrote, “The strength of the Silver Spring market along with the prominence of Ellsworth Place significantly increases the overall strength of...

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So Your Dog Wants a Yard…

Guest post and photo from Melinda Schnare Buying your first home is a very exciting time in your life and for your dog. But for now, let’s focus on you. Building equity through home ownership is without a doubt the way to go. Before you start looking at properties, here are a few things you need to know: Get organized. Secure all of your recent pay stubs, get your bank statements together and find your last two years of tax returns. Because when you go to apply for your loan, the lender is going to ask for all of...

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