Greetings!

While the weather gives no indication spring is near, the increase of real estate activity in our office assures us it will come soon! The Wethman Group has TEN new listings coming to market in the next two months! Buyers have been frustrated with the weather and the lack of inventory, but hang in there–it’s coming!  In the meantime, we’re grateful for your referrals and looking forward to helping our 9 clients currently under contract and due to close in March!

We enjoyed a great turnout at our February first-time home buyer class, and now have classes scheduled forMarch 23rd and April 22nd. As always, the classes are FREE, but registration is required.  Contact us for details.

Real estate is flying high!  The FAA recently approved the use of drones for real estate businesses.  One of our home inspectors recently purchased a drone to facilitate roof inspections! Just another way our service providers add value to our clients.

January saw  increases in median sales price and number of transactions for Arlington, Alexandria, Falls Church, and Fairfax over January 2014 numbers.  We expect to see similar increases YoY for February and into the Spring.  Click here for an in-depth report of January market data for the DC area.

Financing is always a big driver in the real estate market, and we are positioned well for Spring.  A Mortgage Bankers Association Index shows requirements regarding credit scores, down payments and other key terms are finally loosing up, mostly because of the government’s efforts to ease regulations and improve affordability in the housing market.  Interest rates remain low–though are slowly rising.  Experts are still predicting rates near 5% by year end, but thanks to the Fed’s recent comments, any increases should be very gradual.

Are you starting your search online? Be sure you’re using the right search sites! Portals like Zillow and Trulia are losing access to some data sources in the next few weeks, making their already unreliable data even more suspect.  We recommend mrishomes.com (owned by our local multiple listing service) or our own search site http://search.wethmangroup.com.  Mobile app HomeSnap, also offered by our local MLS, has some cool features and our own FREE app can be downloaded at http://app.kw.com/kw2k5iwj1 for searching on the go.

We make it our top priority to be abreast of all the latest information available to help you make the best real estate decisions at the right time. Call or email us to discuss your real estate needs.
Think Spring!

The Wethman Group

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Watch the video below to find out what’s happening in the Washington, DC real estate market. This video is about the January 2015 housing market trends in the nation’s capital. If you’d like more info, please contact us.

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This Month in Real Estate February 2015

February 16, 2015

Here are just a few of the national real estate numbers we are tracking for you now. For more info contact us.

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North Arlington (Orange Line) Condo Update: January 2015

February 12, 2015

Welcome to the latest installment of the North Arlington condo update. Included in the stats are active listings and sales in zip codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon). Sign up for a market conditions report. See market data for all of Arlington. See more Buyer Resources. See last month’s post on Orange Line Condo prices. Ready […]

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The Wethman Group’s Real Estate News

January 30, 2015

Greetings! Spring has come early in the real estate market, and we are off and running with both buyers and sellers!  The pipeline of sellers is building, and we have a number of clients across DC, Virginia, and Maryland who are already hard at work prepping their homes for a Spring listing. Who do you […]

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Washington, DC Real Estate Market Update

January 26, 2015

Watch the video below to find out what’s happening in the Washington, DC real estate market. This video is about the December 2014 housing market trends in the nation’s capital. If you’d like more info, please contact us.

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Read the full article →

North Arlington (Orange Line) Condo Update: December 2014

January 13, 2015

Welcome to the latest installment of the North Arlington condo update. Included in the stats are active listings and sales in zip codes 22201 and 22203 (includes Ballston, Virginia Square, Clarendon). Sign up for a market conditions report. See market data for all of Arlington. See more Buyer Resources. See last month’s post on Orange Line Condo prices. Ready […]

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Lowest mortgage rates since 2013!

January 9, 2015

Are you thinking about buying or selling this year? Yesterday, the US Mortgage rates dropped to an all time low since May of 2013 with 30 year fixed rate at 3.73%! This decrease in rates is great news for buyers and sellers, as it helps increase buying power across the board.  With a $500K sales price, and 10% […]

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The Wethman Group’s Real Estate News

January 2, 2015

Happy holidays! Here at the Wethman Group we continue to keep busy–no winter break for us! We have 10 closings on the books for December, and 4 already for January!  Thank you for your referrals and support of our business! Don’t let the winter keep you from considering listing your home.  A recent report shows that February is historically […]

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Washington, DC Real Estate Market Update

January 2, 2015

Watch the video below to find out what’s happening in the Washington, DC real estate market. This video is about the November 2014 housing market trends in the nation’s capital. If you’d like more info, please contact us.

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Read the full article →