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Washington DC’s Mental Geography

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Washington DC Real EstateThough geographically compact, Washington is a city of many neighborhoods, each with a particular character, sometimes changing after just a few blocks. I call this the “mental geography of Washington” because it informs our sense of distances in the District that may have nothing to do with the actual physical mileage between places.

However, it definitely has something to do with the physical geography of the District. Linguists studying regional dialects have long identified natural geographic barriers like mountain ranges and rivers as creating dialect borders or even dialect “islands.” What are those corresponding barriers in the District that create different mental places? Ethnic boundaries obviously play a role in creating different places, but in this column, I’m primarily concentrating on physical boundaries–whether naturally occurring or man-made. The physical barriers that influence mental geography are hills, creeks, rivers and valleys.

If it takes more effort (or time) to cross one of these barriers on foot or by motor or by boat, you will tend to think of that destination as being farther away, even though the mileage may be less than some other destination you can easily and quickly reach unencumbered by one of these natural barriers. Obvious examples in the District are any parts of town separated by the Anacostia or Potomac Rivers (why do Southeast and Southwest seem so isolated?) or Rock Creek (why does Georgetown seem set apart on its eastern flank from the rest of the District? In fact, it was a separate city before 1871.)

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Ted Smith – See the Full Story at The Washington Blade

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Washington DC’s Priciest Neighborhoods

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Washington DC HomesWant to know where Washington, DC’s toniest neighborhoods are? Want to rub elbows with the Capital’s rich and powerful? The Washington Blade has the skinny:

“Location, location, location.” That’s the advice Realtors give clients looking to buy a home. It’s almost always better to spend the same money on the least expensive home on the street (or in the building) than the most expensive home on a less expensive street–the house on the expensive street will appreciate faster with the other properties on its street. (“A rising tide lifts all boats.”). D.C. is especially a “location, location, location” city (see my previous Blade article, “What’s In a Name?” in the Dec. 14, 2012 issue). Yet newcomers to D.C. often insist on asking the price per square foot in order to compare properties they’re interested in buying.

Topping the list – Georgetown at $748 a square foot.

Washington, DC: The Advocate’s 4th Gayest City for 2013

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Washington, DC: The Advocate's 4th Gayest City for 2013Are you shocked that Los Angeles and New York didn’t make the list in our fourth annual accounting of city life in America? Then listen up, honey. As much as we love fabulous soirees and mimosa brunches, there’s much more to LGBT life than that. We live in little burgs and big cities and tons of places in between — so we’re looking at the in-between.

This year our totally accurate (and totally subjective and constantly changing) criteria for a great gay city had to include two of the biggest legislative and political developments for LGBTs: marriage equality votes in four states and the election that swept a ton of queers into high office, including seven members of Congress.

Between the legalization of same-sex marriage in the nation’s capital and the tons of openly LGBT elected officials, this is a queer city on the rise — and the LGBT residents have steered clear of political scandal and remained focused on securing their rights.

P Street and 17th Street in the Dupont Circle area are well-known gay neighborhoods, but the LGBT center of the city has migrated east to Logan Circle, a hip, funky area with friendly bars and a Whole Foods.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Matthew Breen – See the Full Story at The Advocate

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

The New Reality of Washington DC Real Estate

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The New Reality of Washington DC Real EstateDuring our year-end meeting this past week, we did our annual “look back to what we learned” exercise. We are so glad that many in this market have been protected from the economic downtown that has caused so much destruction across our country. However, the most poignant lesson from 2012 is that there is now a new reality of the real estate market. This year was marked by many tough but honest discussions with our homeowners about the reality of home values. They are indeed improving but they are never as high as most sellers hope to have.

Recognizing that several of our clients this year were choosing to leave behind their larger family home for something more suitable for their new age and lifestyle, it was necessary to have truthful discussions with longtime owners about what it takes to sell a home. De-cluttering and de-personalizing was key to making a prospective buyer imagine what their new life would be like in the home. Putting away family heirlooms and updating paint colors was hard to swallow for many, but was necessary for making a home market ready. While sometimes feelings were hurt, we did our best to show them that making the home ready for the new buyer is in their best interests.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By – See the Full Story at The Washington Blade

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Featured Gay Friendly Realtor: Ray Gernhart, Washington DC

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Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Ray Gernhart, Gay Washington Real Estate Agent  With my successful career of over twenty five years in real estate, I have personally experienced all the ups and downs of the Alexandria market. Since 1985, I have coordinated thousands of home sales as well as easing the transition for families as they move on to new horizons.

My expertise lies in a complete understanding of all facets of real estate, from buying and selling, to an all-encompassing grasp of the individual financial aspects for each client.

My background and success has earned me top honors in every club available including Lifetime Achievement Award, Re/Max Hall of Fame member, Re/Max Platinum Club, and the $20 Million Plus Sales Producer since 1999 with the Northern Virginia and Greater Capitol Area Association of Realtors.

See Ray’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Washington, DC

DC Real Estate – Like It’s 2005

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Washington DC Real EstateThe house goes on the market and within four hours an agent registers a contract. The calls continue and 36 hours later there are five contracts on the property allowing for a $25,000 escalation in price and the exact settlement date and rent back period the owners hoped to enjoy. Thinking it’s 2005? No, this scenario happened in mid-August 2012, normally one of the slowest months of the year in the area real estate market. It is specific to the price range from $300,000-600,000.

A number of factors have come together to make the Washington Metropolitan market one of the most active in the country and the most active in years.

First, interest rates are at an all-time low. Buyers are seeing rates at 3.4 percent –something I have never seen anything close to in 20 years of real estate.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Sue Goodhart – See the Full Story at The Washington Blade

Click here for gay realtors, mortgage lenders, and other real estate professionals in Washington, DC.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Washington DC Real Estate Market Hot This Summer

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Washington DC Real EstateWhether it’s the heat index or the housing market, the numbers don’t lie: this July has been one of the hottest on record and it doesn’t appear to be cooling down anytime soon.

Most people think the summer means tank tops, flip-flops and the summer doldrums in real estate. In fact, Dwight and I have had some of our busiest weeks ever in the height of summer. Last July we had an amazing nine ratified contracts in just seven days between the two of us. This summer may be just as active, and the numbers are there to prove it.

The included graph of the 20009 ZIP code shows that sales are near their four-year highs, while the inventory of active listings is at a five-year low. Pending sales are up sharply over this time last year, as well. The District and the region show similar numbers. It’s simple supply and demand economics that indicates that low supply and steady demand will result in higher prices and quicker sales. And speaking of quicker sales, Washington now sees its average Days on Market at 48–by far the lowest in five years.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored ByDavid Bediz – See the Full Story at The Washington Blade

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

DC: Care Needed When Replacing Historic Roofs

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Photo courtesy Tom Daniel

Walk, bike or drive on 8th St. S.E., near Eastern Market and you will see a long block of homes with old slate turret roofs, with built-in gutters below and finials, the decorative metal ornaments, at the peak.

A turret is a small tower that projects vertically from a building and were originally castle appendages. These beautiful roofs are most often found on Queen Anne-style three story homes throughout the Capitol Hill Historic District. While distinctive, they also present a challenge to home-owners needing to repair or replace these roofs.

Many of these slate turret roofs are original and are more than 100 years old. There are four aspects of these roofs that must be considered in a holistic way order to properly assess the situation. A homeowner and his or her roofing advisor must consider the condition of the slate, the wood substrate below the slate, the built-in gutter below the roof (also known as a water table) and the metal decorative finial at the peak. One must also determine the best plan for the work.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from The Washington Blade

Click here for gay realtors, mortgage lenders, and other real estate professionals in Washington, DC.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Wide Differences Between List Prices and Sales Prices in Washington DC, Atlanta Real Estate Markets

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Washington DC Real EstateThe asking price is the starting point for all home sales, a ballpark figure typically close to what buyers end up paying. But the nation’s real estate market is so out of whack, experts say, that in many cities the gap between the asking and purchase prices has grown enormous. In fact, while home sales are on the decline nationally, list prices keep rising.

Existing single-family home sales fell 2.6% in March from a month earlier to a seasonally adjusted rate of 4.48 million units, according to data released Thursday by the National Association of Realtors. Meanwhile, the median sales price rose to $163,800, up 5% from February and up 2.5% from a year prior. On a national level, the data suggests that individuals who are buying homes are willing to pay more. On a regional level, however, buyers’ offers vary significantly.

In some markets, sellers aren’t getting what they’re asking for or anywhere near it. In the Atlanta metro area, for instance, the median list price was $150,000 in December, according to Realtor.com. But the median sales price was just $90,600 at the end of the year, according to the latest data from the NAR. In Jacksonville, Fla., the median listing price is 34% higher than the median sales price, while in Washington D.C. it’s 13% higher.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from Smart Money

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If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

DC: 14th Street in Flux

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Washington DC's 14th Street NW RedevelopmentConstruction on 14th Street N.W. in Washington is nothing new — anyone who frequents the uber-gay area has been seeing chain-link fences, closed sidewalks and cranes for months as various massive projects are underway. But with ground now broken for the Louis, the former Utopia spot at 14th and U that will be a mixed-use space featuring 267 new apartments and 30,000 square feet of retail street-level space, it feels like the whole stretch is one massive construction zone from about R to W.

With so many projects underway at once, what effect will all this ultimately have on the street? And what exactly is planned at each spot?

It’s an unusual part of town in the sense that past Thomas Circle and the downtown area, 14th varies extensively in character and nature. Much denser with commercial business than its 13th or 15th street neighbors, 14th encompasses parts of three different neighborhoods (Logan, Columbia Heights and the U Street corridor), several ANC zones and two city wards (one and two). It’s also a street that has seen massive change in the last decade.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from The Washington Blade

Click here for gay realtors, mortgage lenders, and other real estate professionals in Washington, DC.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com