A Few Clouds 50°
Real Estate
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…

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by Chris Spiker
Real Estate
Trump Administration Selling Off 28 'Non-Core' Federal Spaces In Virginia Trump Administration Selling Off 28 'Non-Core' Federal Spaces In Virginia
Trump Administration Selling Off 28 'Non-Core' Federal Spaces In Virginia The Trump administration is putting some of the largest and most well-known federal buildings up for sale. The move is all in an effort to eliminate waste, slash maintenance costs, and reinvest in more efficient spaces, according to the U.S. General Services Administration (GSA). Officials have identified hundreds of "non-core properties" totaling millions of square feet that no longer serve essential government functions and are now up for grabs. “Selling ensures that taxpayer dollars are no longer spent on vacant or underutilized federal spaces,” federal officials said. “Disposing of the…

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by Zak Failla
Real Estate
Kevin Spacey's Former $6M Waterfront Mansion On The Market: 'Icon Of Baltimore' Kevin Spacey's Former $6M Waterfront Mansion On The Market: 'Icon Of Baltimore'
Kevin Spacey's Former $6M Waterfront Mansion On The Market: 'Icon Of Baltimore' A sprawling, luxury Baltimore waterfront mansion once owned by controversial Oscar-winning actor Kevin Spacey is back on the market—this time with a $6 million price tag. Dubbed "The Icon of Baltimore," according to its listing, the palatial 9,069-square-foot residence at 622 Ponte Villas N in the city’s exclusive Harborview community is up or sale at $5,999,000. 622 Ponte Villas N #162/163, Baltimore Derek & Vee Photography The six-bedroom, nine-bathroom home is anchored at the end of a pier, offering privacy, prestige, and panoramic views of Baltimore’s Inner Harbor, with the …

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by Zak Failla
Real Estate
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…

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by Chris Spiker
Real Estate
Former Wizard's Star's Former Mansion Listed At $11M (PHOTOS) Former Wizard's Star's Former Mansion Listed At $11M (PHOTOS)
Former Wizard's Star's Former Mansion Listed At $11M (Photos) A Maryland mega-mansion once owned by former Washington Wizards star Bradley Beal has hit the market for a cool $11 million—and it’s got everything a baller could want, including a full-size indoor basketball court he built himself. Located in the exclusive Avenel community, the 14,900-square-foot estate at 8913 Holly Leaf Lane in Bethesda sits on two acres and is packed with luxury amenities, from a resort-style pool and spa to a private tennis court and fire pit area. The home is listed with Washington Fine Properties. Beal, now with the Phoenix Suns, transformed the home during his DC da…

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by Zak Failla
Real Estate
US Home Sales Plunge To Lowest Level Since 1995: Here's Why US Home Sales Plunge To Lowest Level Since 1995: Here's Why
US Home Sales Plunge To Lowest Level Since 1995: Here's Why Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …

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by Chris Spiker
Real Estate
Kalorama’s Crown Jewel? Lavish $5.8M Estate Could Be Ultimate Power Address For DC Players Kalorama’s Crown Jewel? Lavish $5.8M Estate Could Be Ultimate Power Address For DC Players
Kalorama’s Crown Jewel? Lavish $5.8M Estate Could Be Ultimate Power Address For DC Players A stately home in DC's prestigious Kalorama neighborhood may be the perfect spot or a new Cabinet member after it hit the market for $5.8 million.  Dilan Homes has completed a top-to-bottom reimagination and restoration of a popular Federal-Inspired Brick Home that sits in the heart of community, surrounded by homes that have housed some of the rich, famous, and powerful. The listing was posted by Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties. "It is 100 percent gut renovated with an entirely brand new floor plan, …

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by Zak Failla
Real Estate
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics Homebuyers are increasingly considering political leanings when choosing neighborhoods, according to a brand-new report.  Real estate agents note that clients prioritize communities aligning with their political views, seeking compatibility beyond traditional factors like schools and safety, the Axios story says. This trend may lead to more politically homogeneous neighborhoods, potentially impacting local governance and community interactions. Additionally, new real estate platforms, such as Oyssey, provide insights into neighborhood political affiliations, further enabling buyers to…

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by Joe Lombardi
Real Estate
Family First: Buyer Goes Over Asking Price For Highly-Coveted $1.295M DC Listing Family First: Buyer Goes Over Asking Price For Highly-Coveted $1.295M DC Listing
Family First: Buyer Goes Over Asking Price For Highly-Coveted $1.295M DC Listing Location was everything for a new homeowner who was willing to go over the asking price for a Chevy Chase home that was conveniently located near family. A one-level home nestled along a tree-lined street on 4100 Ingomar St. NW in DC sold for $1.403 million after being listed by Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties for $1.295 million, the realtors said. The 3,500-square-foot home was described as a unique property that was built in the 1920s, which is rare for the area.  HRL Partners at Wa…

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by Zak Failla
Real Estate
'Creating A Castle:' Rare Georgetown Condo Sells For 23 Percent Over Asking Price 'Creating A Castle:' Rare Georgetown Condo Sells For 23 Percent Over Asking Price
'Creating A Castle:' Rare Georgetown Condo Sells For 23 Percent Over Asking Price A homeowner who fell in love with a unique condo in Georgetown just had to have it — for $260,200 over asking price. The condo at 1527 30th St. NW in Washington, DC was initially listed for $1.098 million, listing agents Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties said. But the smitten buyer went above and beyond for the two-bedroom, two-bathroom property, which closed at $1.36 million, or 23 percent over asking, the listing agents said. "In this super tight inventory marketplace in DC, it's not uncommon to …

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by Zak Failla
Real Estate
Look Inside $17.5M Waterfront Estate For Sale In Northern Virginia Look Inside $17.5M Waterfront Estate For Sale In Northern Virginia
Look Inside $17.5M Waterfront Estate For Sale In Northern Virginia A waterfront estate with picturesque views is for sale in Northern Virginia. The home at 1169 Crest Lane in McLean is situated along the Potomac River and rests of a 2.32 acres, according to the listing by HRL Partners at Washington Fine Properties. Townsend Visuals Townsend Visuals Built in 2013, the 10,150-square-foot, three-level home has four bedrooms, 5.5 bathrooms, and lots of natural light thanks to floor-to-ceiling windows with wooden walls and vaulted ceilings. Townsend Visuals Townsend Visuals Features include a wet bar, butler's pantry, intercom, large bathtub overlookin…

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by Cecilia Levine