Two pieces of legislation that can have a significant affect on the property values in our neighborhood are in process this week. Congress has passed an extension of the FHA, Fannie Mae, and Freddie Mac higher loan limits through 2010. The President is expected to sign off on this quickly. This helps there to be affordable mortgage money available for the purchase of homes in the price ranges found in DC. The other very important legislation that has had much debate recently is the extension of the Federal Tax Credit for Home Buyers. The current proposed legislation extends the credit into next Spring. It also expands the people that it serves by increasing income limits and by allowing some current property owners to access the credit. Hopefully, a vote will be scheduled for next week.
And here are open houses for Sunday.
2 comments:
seems that most of the houses listed are again calling the neighborhood ledroit or eckington. has the term bloomingdale fallen out of favor again?
chris in bloomingdale.
I'd say that Bloomingdale is hotter than it's ever been as a destination for house hunting. Our inventory is lower than during the 2005-ish peak of the DC market. I meet a lot of people who specifically are seeking out Bloomingdale and are not sure how to search for it since agents use so many different names. It's too bad, since I believe that marketing appropriately as "Bloomingdale" is a huge plus for a Seller.
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