Posted on December 07, 2012 by Corey Hart



RBI has teamed up again with our friends at the George Mason University Center for Regional Analysis, this time to analyze just who is moving in and out of the DC and Baltimore Metro region. This study helps paint a more complete picture of the "Modern Migrant" - where they come from, where they move to, and what they can tell us about housing choices in the future.  Download the PDF or share the report using the tools below the viewer. Click the link below the viewer to view the full detailed report. Happy learning...

Click here to download the full, detailed report.

market analysis
Posted on December 06, 2012 by Corey Hart



Like most companies (and residents) of the DC Metro area, we're paying close attention to the fun-filled negotiations between the White House and the Republican majority in the house. Sequestration would obviously have a huge impact on the local economy, but our housing market is also extremely vulnerable to any mortgage interest deduction limits, even if relatively high caps are put on itemizers. For background, the always interesting (and concise) blog summarizes the new revenue options being considered (see their post):

"If all 1040-Schedule A deductions, including the mortgage interest deduction are capped at about $35,000, then homeowners with houses priced north of $500,000 would be the ones primarily affected, and their homes would fall in value. Interestingly, they might respond by reducing charitable giving. If, however, the deductible amount is limited to 80% of total deductions, then all itemizers would be hurt, and many more houses would decline in price."

How many of the homes sold (year-to-date) in key DC Metro areas would have been impacted by a $35,000 mortgage interest deduction cap?

Might be a good time for area homeowners to give their local congressman a ring!


Posted on November 20, 2012 by Corey Hart



Worth considering - The average RBI customer's dollar volume against that of the average MRIS agent (with at least 1 transaction) last year: 

Posted on November 19, 2012 by Corey Hart



The nine regional videos are live. Have you grabbed the auto-updating embed code for your website yet? Visit the Videos section to view or embed your region's analysis now.  Here's the Northern Virginia MarketWatch:

market analysis, videos
Posted on November 12, 2012 by Corey Hart



Median prices are still rising due to low inventory and an uptick in market activity; Townhomes lead the way in new contracts and median price growth


Demand has picked back up in the Washington DC metro housing market in October following a typical September slow down.  Sales, new pending contracts, and median price gains are all above their 10-year average change from last month, an indication that buyers are still active in the market.  All market indicators are above last years levels, and many are at multi-year October highs.  The mild temperatures experienced in October could be playing a role as evidenced by a 7-year high for new pending contracts.  Buyers appear to be drawn towards townhomes and condo units, as the proportion of new contracts on single-family homes is the lowest it has been in 2 years.  This could be due to the lower price points of these properties as well as location preferences of the active buyer market.  Median prices are up in the region, posting the highest year-over-year price gain in nearly 7 years.

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