Kenyon Square Condominiums for Sale Washington DC
Kenyon Square a new luxury condominium community in Columbia Heights 1390 Kenyon Street, NW Washington DC 20010 (202) 332-6477 www.kenyonsquare.com
DC Condo for Sale - Columbia Heights 2 bed/1 bath $409900
Welcome to this spectacular 2 bedroom, 1 bath condo in beautiful Adams Court. We are offering this great 914-square foot home for $409900. It is ...
The Clara Barton condos, Penn Quarter, Realtor review (616 E Street, ...
condominiums by Realtor Jay Bauer. Penn Quarter ... "616 E Street" "The Clara Barton" "Jay Bauer" JayBauerRealtor ...
Washington DC Condos- 555 Mass (2bed/2bath for sale) #804
Presenting Unit 804 at 555 Mass. Offered at $589000. 2bed/2bath Corner Unit with 1048 sqft. For additional information, visit www.555MassDC.com ...
Fourth Quarter Existing-Home Sales Surge in Most States, Prices Up in More Areas
WASHINGTON , February 11, 2010
Strong gains in existing-home sales were the predominant pattern in most states during the fourth quarter, with many more metro areas seeing prices rise from a year earlier, according to the latest survey by the National Association of Realtors В® .
Sales increased from the third quarter in 48 states and the District of Columbia; 32 states saw double-digit gains. Year-over-year sales were higher in 49 states and D.C.; all but three states had double-digit annual increases.
Total state existing-home sales, including single-family and condo, jumped 13.9 percent to a seasonally adjusted annual rate of 6.03 million in the fourth quarter from 5.29 million in the third quarter, and are 27.2 percent above the 4.74 million-unit level in the fourth quarter of 2008. Distressed property accounted for 32 percent of fourth quarter transactions, down from 37 percent a year earlier.
Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit was the dominant factor. “The surge in home sales was driven by buyers responding strongly to the tax credit combined with record low mortgage interest rates,” he said. “With inventory levels trending down over the past 18 months, we expect broadly balanced housing market conditions in much of the country by late spring with more areas showing higher prices.”
According to Freddie Mac, the national average commitment rate on a 30-year conventional fixed-rate mortgage fell to a record low 4.92 percent in the fourth quarter from 5.16 percent in the third quarter; it was 5.86 percent in the fourth quarter of 2008.
In the fourth quarter, 67 out of 151 metropolitan statistical areas reported higher median existing single-family home prices in comparison with the fourth quarter of 2008, including 16 with double-digit increases; one was unchanged and 84 metros had price declines. In the third quarter only 30 MSAs showed annual price increases and 123 areas were down.
...