FHA is becoming more of a popular loan product for home buyers buying houses for sale in Washington DC areas such as Deanwood Washington DC,Congress Heights Washington and other areas in NE Washington DC or SE Washington DC.
Some FHA programs now are 100% USDA and Community Homeownership Incentive Program instead of the 97%. Well at least Anacostia Washington DC home owners and sellers will be happy to know that the average price of a house for sale in Anacostia Washington DC sold for $261,091 compared to $254,768 this time last year a 2.48% increase. And median sold price of a house for sale in Anacostia Washington DC was $260,000 compared to $249,500 this time last year a 4.21% increase.
So its good to see house values increasing in the Anacostia Washington DC area. Projects going on around Anacostia Washington DC may have contributed to the increase in Anacostia Washington DC house values.
Bad news? Houses for sale in Anacostia Washington DC are taking way too much longer to sell. Average days of a house that sold in Anacostia Washington DC was 176 days compared to 81 days this same time last year. 11 houses for sale in Anacostia Washington DC sold this month compared to 18 houses this same time last year. Out of the 11 houses in Anacostia Washington DC that sold,eight of them were in the $200,000-$249,999 price range.
So home owners you definitely need to monitor the market at least weekly so that you are not pricing yourself out of the market. And invest in the services of a professional home stager. It doesn't cost to stage your home,it pays to stage your home that will return to you $$$$$$ of dollars.
And home buyers this is a great time to buy now while prices are still affordable. But remember,please prequalify yourself Home buyers: Please prequalify yourself first before you get preapprove for a loan before you get a preapproval. If you are paying for example $1200 in rent,budget at least an additional 50% or more to pay for home insurance,electricity,gas,water,property taxes etc. Buying a house is the best sound investment that you will ever make. So please be prepared and educate yourself before you start the home buying process.
And please review some of these "Washington DC Real Estate Market Report" to help you with your home buying or selling decision.
Washington DC Real Estate Market Report Statistics for October 2008
Deanwood Washington DC Real Estate Market Report ( Zip code 20019)-October 2008
Looking for a Washington DC Real Estate Agent that will help you buy or sell your next house or want a "Free Real Estate Market Report in your area of choice? Check out my website Houses for sale in Washington,DC. I can also be reached at Lanre Folayan "Buy Washington DC Real Estate" (EXIT PREMIER REALTY ... or Twitter 
http://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. "Buy a home in Washington DC"
Lanre, Maybe with interest rates dropping and a new President on the way, things will turn around soon!
I wanted to make a special stop to your blog to let you know how much I appreciate our friendship. You were one of the very first people here on Active Rain to befriend me, and you will always hold a special place in my heart. You are such a kind man, a real gem. I respect you for who you are and your wonderful morals. It shows in all that you do. I hope you had a wonderful Thanksgiving Lanre.