“Marry the House, Date the Rate”

Inventory in DC continues to be extraordinarily low. There is merely a 1.5-month supply across the region in all price ranges, and it is even lower in the DC $1-2m range.
 
As far as interest rates, yes, we’ve seen the highest increase in a short amount of time, but we must remember this isn’t permanent. We are recommending our clients use the ARM products where you can still get a rate around 4%, which is a historically low number.

“Marry the house, date the rate.” This basically means, don’t let the interest rate deter you because you can always refinance.

There’s always a possibility that we could see another dip and there could be a refi opportunity. When you find that perfect house, don’t wait to get it. Even if the rate isn’t what you’d hoped, there are always opportunities to modify or refinance. It’s a lot easier than people expect and we have trusted resources that can assist you in every step of the process.
Big Things Coming!
We have a lot of exciting properties and developments we are preparing for launch over the next few months. Several of our developers will presale their projects as single investments which would be great rentals. Rents in the DC Metro area have gone up 15.7%. This is a great option for those of you looking to 1031 or take your gains out of the stock market and invest it someplace more predictable. The project pictured here is a ten-unit condo development in Chevy Chase that could be purchased for $7,500,000.
Euro falls below dollar for first time in 20 years
The dollar continues to be the most valuable currency in the world. As a result, there is no better place to invest than America and more specifically, the Capital Region.

The euro’s slide below parity with the U.S. dollar reflects Europe’s sinking economic fortunes in the face of the war in Ukraine, but unlike the last time the euro was this week 20 years ago, nobody is coming to the common currency’s rescue.
Celebrating The Art of Living
Today more than ever, your home is more than a building or an address. It's where you experience life, connection, and growth. For those who seek the very best place to thrive, there is only TTR Sotheby's International Realty. Let's talk about your journey.
The Auction Gavel
SOTHEBY'S
Sotheby's Auction House Spotlight: Master Sculpture From Four Millennia
This July, Sotheby’s is delighted to present a curated live auction comprising 19 works selected for their mastery of form. Master Sculpture from Four Millennia includes sculpture ranging in date from antiquity to the Enlightenment, showcasing a variety of media and techniques.
The Complete Guide to Hermès Lizard Bags
How Sotheby’s Is Spearheading An NFT Revolution
The Blueprint
SOTHEBY'S INTERNATIONAL REALTY
Introducing RESIDE: Summer 2022 Edition
TTR Sotheby's International Realty is pleased to introduce the Summer 2022 edition of RESIDE, our magazine devoted to the finest in inspirational destinations and lifestyles.

“Owning a home is a keystone of wealth…both financial affluence and emotional security.” 

The Local Standard
DC Announces New Income Limits for Inclusionary Zoning
As housing affordability becomes an issue nationwide, the District of Columbia is making a larger investment. The Mayor announced over $400 million in funding for affordable housing which encourages developers translating into billions in investment on this issue.
 
The Area Median Income rose from $129,000 to $142,300 for a family of four, offering more families the chance to take advantage of these opportunities.
 
Contact us if you know any families that could benefit from this program.
Behind The Scenes of a Historic Restoration Project at the Jefferson Memorial Sparkle
Glenstone’s Jeff Koons Sculpture Has 24,000 Plants and One Seriously Dedicated Caretaker
Articles We Are Reading
© 2022 TTR Sotheby's International Realty. Sotheby's International Realty and the Sotheby's International Realty logo are registered service marks used with permission. Each office is independently owned and operated. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers, we are happy to collaborate and cooperate fully. TTR Sotheby's International Realty is a real estate brokerage licensed in Washington, D.C., Maryland, and Virginia.