Commercial market bottom nears as foreclosures surge

Portfolios of foreclosed and seized office buildings, apartments and other commercial buildings hit $20.5 billion during the second quarter of 2024, the highest quarterly figure posted since 2015, according to MSCI. Continue reading

Want a life of luxury? The 10 cities where it’s a relative bargain

Some luxury markets, especially in dense, pricey coastal cities, have seen little price growth since the pandemic because residents fled those places once they had the option to work remotely. Continue reading

American Cancer Society relists former NFL owner’s home for $35M

After years of trying to sell the mansion alongside the Potomac River, former Washington Commanders owner Dan Snyder donated the estate to the ACS. Now the charity is attempting its own sale. Continue reading

Buyers need an income that starts with a 3 to live in this pricey city

Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000. Continue reading

Goodbye, DC. Hello, Arlington: CoStar Group inks deal for new HQ

CoStar Group is trading its Washington, D.C., digs for a new HQ in Arlington, Virginia. The company will move to the new building in 2025, creating 150 jobs in the process. Continue reading

$14.75M sale marks DC region’s biggest of the new year

The 17.5-acre equestrian estate was listed for $17.995 million in May. The sales price also represents a new record for the town of Great Falls. Daniel Heider of TTR Sotheby’s International Realty represented the listing. Continue reading

What does it cost to live near the country’s biggest landmarks?

In some markets, prime real estate close to one of the nation’s leading destinations can be had for as little as $110,000. Elsewhere, it might cost a homebuyer several millions of dollars to live next to their favorite landmark. Continue reading

NAR’s membership is now shrinking for the 1st time in years

The organization’s membership was down 0.66 percent in April compared to a year earlier. NAR thinks the numbers may fall even further. Continue reading

Engel & Völkers enters nation’s capital with 14th Street shop

The new office, led by License Partners Rick Foster, Tom Spier, Phil Di Ruggiero and Travis Gray, will service neighborhoods in D.C. as well as Montgomery and Prince George’s counties in Maryland; and Arlington, Alexandria and Fairfax Counties in Virgi… Continue reading

Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels. Continue reading