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Evergreen Private Finance Blog

D.C.’s Real Estate Market Heats Back Up (and Looks to Only Get Hotter)

May 21, 2018

There have been some rumblings lately that the Washington D.C. real estate market might be losing some steam. While prices remained high, and, inventory remained low, for the last few months sales volume lowered year-over-year. Our market was still performing very well, and the fundamentals remained strong, but the numbers just weren’t hitting the same […]

Washington D.C.’s Economy Continues to Transform— For the Better

May 2, 2018

D.C. has long offered one of the country’s best labor markets. Our wealth of residents working high-income jobs has offered a boon to our housing market—and acted as a major force sustaining our rapidly increasing home prices. Recent data from the U.S. Bureau of Economic Analysis (BEA), analyzed by District Measured, provides evidence our labor […]

Affordable Housing Update: TOPA, and Workforce Housing

April 26, 2018

Affordable housing remains an important topic for our development community. We need to maintain our city’s vibrance, diversity, and sense of community as our city evolves. To do this, we must focus on creating inventory that allows all of D.C.’s residents to live side-by-side. At the same time, we need to approach this challenge with […]

D.C. Nears 700,000 Residents— Will We Soon Reach 1 Million?

April 11, 2018

D.C.’s population continues to rise. As District, Measured notes, Washington D.C.’s population has increased for the last twelve years straight. From 2005 – 2017, D.C. has added 126,836 new residents, representing a 22.4% population growth in a little over a decade. From 2016 – 2017, D.C.’s population grew 1.4%, and added 9,636 new residents, to […]

Will Higher Rates Kill D.C.’s Hot Real Estate Market?

March 29, 2018

Last week, the Federal Reserve hiked interest rates from 1.50 to 1.75 percent. Most likely, we will face more hikes over the following 18-24 months. According to the Fed, we are likely to see two more hikes this year, and three hikes in 2019. As a total movement, the Fed appears to be making good […]

Which Neighborhoods Have the Highest Concentration of D.C.’s Most Expensive Homes?

March 22, 2018

Washington D.C.’s median listing price is currently $595,000, over twice the nationwide median listing price of $257,990. Yet many properties in Washington D.C. are listed for significantly higher, and create even greater opportunity for luxury-focused participants within our real estate market. According to recent data from Curbed—updated March 6th—the 25 most expensive homes for sale […]

Are 1/3rd of D.C. Homebuyers Buying Properties They’ve Never Seen?

March 16, 2018

A new set of surprising data has emerged from our housing marking. In February, Real Estate firm Redfin released a report stating that, in 2017, 32% of homebuyers in Washington D.C. made an offer on the property they purchased before they actually saw the property in person. Clearly, this is a sensational data point that […]

Two Recent Changes in D.C.’s Housing Market

March 8, 2018

D.C.’s housing market has experienced two new, potentially significant, changes over recent weeks: D.C. has hired Ana Lopez Van Balen as our city’s first Affordable Housing Preservation Officer. This move comes directly from of a set of recommendations put forth in 2016 by the Mayor’s Housing Preservation Strike Force. Lopez Van Balen has been initially […]

New Data Confirm: D.C. Remains Top Real Estate Market for Investors

February 27, 2018

A few recently released data sets confirm that D.C.’s real estate market remains one of the nation’s greatest areas of opportunity for investors: Earlier this month, Forbes named the Washington Metro Area the 17th best market for real estate investment in the nation. To determine these rankings, Forbes looked at each region’s current average home […]

Why DC is the Likely Home for Amazon’s HQ2 (and What that Means for Our Real Estate Market)

February 12, 2018

In case you missed it, last year Amazon announced they were building a second North American headquarters—called Amazon HQ2 as shorthand—that will produce a big economic impact wherever it is developed. Amazon estimates the development of their first headquarters in Seattle has produced, between 2010-2016 alone, an additional $38 billion to the city’s economy, and […]

How Developers Can Tackle Affordable Housing, with Jeff Gelman

December 5, 2017

Jeffrey H. Gelman, Partner at Saul Ewing, Arnstein & Lehr brings three decades of experience in the real estate industry to his work crafting and structuring deals for developers, investors, lenders, and asset and property managers. His work for his clients often includes legal advice and practical considerations on the nuances of the law and […]

4 Common Questions About Private Lenders

November 17, 2017

Private lenders offer an increasingly popular source of financing for members of our development community. However, there is still a lot of confusion surrounding lenders like Evergreen Private Finance. To help demystify private lenders, we’ve put together concrete answers to four of the most common questions we hear: What is a private lender? Who borrows […]

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