Tag archives for Washington Real Estate

D.C. Housing Inventory Lowest Since 2005

Not since 2005 has the Washington D.C. housing inventory been so sparse. According to a report by Real Estate Business Intelligence, 22 percent fewer homes were for sale in December 2011 than during the same month in 2010. Of that available inventory, only one in 20 of those homes is a foreclosure, also a steep decline from the 16 percent Read full article »

Commercial Property Prices Could be Set to Correct, Again

According to analyst Joseph Azrack, head of real estate for Apollo Global Management LLC, U.S. commercial prices could fall within the year as owners fail to refinance their properties. Azrack believes that commercial buyers are paying more for commercial properties than rents currently justify, which will lead to a correction in the next six to 12 months, he believes. “It’s Read full article »

Foreclosure Filings Drop Nationwide – Lowest Since 2008

According to RealtyTrac, foreclosure filings dropped 14 percent month-over-month from January 2011 to February. This includes default notices, scheduled auctions and bank repossessions, and is a 27 percent year-over-year decline nationwide. Of course, there are some areas that are exceptions, such as Seattle, which had a 69.7 percent year-over-year increase, creating an isolated foreclosure trend in the area while most Read full article »

Foreclosures on the West Coast Reach Pre-Robo-Signer Volumes

While the rates of foreclosure in many states in the east have slowed to a crawl as judges, courts, homeowners and lenders struggle to determine just how to handle the continuing fallout from the robo-signer fiasco, the west coast is not experiencing the same delays. In fact, Foreclosure Radar, a California-based tracking firm, reported earlier this week that foreclosure auction Read full article »

Washington D.C. Area Home Sales Spike

While many of the country’s housing markets struggled in the early months of this year, Washington D.C. area sales were up 31 percent. Not only are those good numbers for the current market, but the leap is actually the highest monthly and yearly increase in pending sales activity in more than ten years, reported the Metropolitan Regional Information Systems (MRIS)’s Read full article »

The Politics of Real Estate

Few industries are as profoundly impacted by the political machinations in Washington as the real estate industry. Whether it's old legislation like Jimmy Carter's Community Reinvestment Act or Barack Obama's massive mortgage bailouts, the U.S. political machine has a huge impact (usually bad) on the business of real estate.

Ideally, we could ignore politics. But here at the Bryan Ellis Real Estate Letter, we insist on seeing the world with clarity - including the reality of Washington's aggressive involvement in every facet of our business, from mortgage lending to real estate sales license; from loan modification regulations to appraisal requirements... every piece of our business is profoundly impacted by politics. So rather than stick our heads in the sand and ignore reality, readers of the Bryan Ellis Real Estate Letter choose to be informed and prepared.

About Bryan Ellis

Bryan Ellis is an Atlanta-based real estate analyst and publisher of the widely read newsletter "The Bryan Ellis Real Estate Letter". With over 200,000 subscribers - including real estate investors, agents, brokers, appraisers and other real estate professionals - the Bryan Ellis Real Estate Letter is among America's largest sources of unbiased coverage of politics and public policy for the real estate industry.

Bryan Ellis serves as editor in chief for the Bryan Ellis Real Estate Letter and is assisted by an extraordinary staff of writers, researchers and editors who are each real estate experts in their own right and who assure that the news we report is well researched, factual, and highly relevant to today's real estate industry.

Bryan is very happily married and has two wonderful daughters. He makes his home in the suburbs of Atlanta, Georgia. You can contact the team at the Bryan Ellis Real Estate Letter here.