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Real Estate News With a Gay Slant

Out Traveler’s Top 10 US Gayborhoods #9: Dupont Circle

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Logan Circle, Washington DC – Apple Maps

We’re counting down the top ten US Gayborhoods, according to Out Traveler. The tenth place finisher is in Philadelphia:

9. Dupont Circle (Washington, D.C.), with 4.62 percent of the vote Washington has been declared the gayest city in the country by everyone and their gay brother. Its center of LGBT life has a bit of reputation-building before it can compete with the big boys in New York and San Francisco, though.

Congrats, DC!

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.

See the Full Story at Out Traveler

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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

Why is DC So Expensive? Hint: It’s Congress

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Logan Circle, Washington DC – Apple MapsA September housing report from the U.S. Bureau of Labor Statistics is making the rounds this week after The Washington Post published its findings on the Monday holiday. The Post gave it a 100-proof headline: “It’s more expensive to live in D.C. than New York, study says.”

According to “Housing: Before, During, and After the Great Recession,” Washington, D.C., is the most expensive place to live in the country. These findings aren’t new (and they certainly aren’t news to anyone living in the District), but this graphic appears to explain how the nation’s capital costs so much for its residents.

Yet tabulating mean housing costs doesn’t totally capture the true value of a place. I don’t mean value in some squishy sense of the word, as in that it’s worth it to love the place you call home. No, the price of housing alone simply doesn’t translate into affordability, in part because household incomes tend to be higher in those places where housing costs more. That’s why the U.S. Department of Housing and Urban Development created the Location Affordability Index, which finds that, when you factor in transportation costs, annual vehicle miles traveled, and so on, the cities of San Francisco, New York, and D.C. start to look a lot more affordable–for high-income earners, anyway.

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 Kriston Capps – See the Full Story at City Lab

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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

Image via Apple Maps

Lowdown on the DC Real Estate Market

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Washington DC Real EstateAs in all forecasts, we can only rely on what we see to be a general trend. The Washington metro area real estate market in 2014 has slowed in comparison to 2013 with less activity. A trend that was thought to be related to the long, cold winter can now be seen to be caused by a number of other factors.

Those factors include changes in the types of jobs and incomes in the metro area, particularly the reduction in federal jobs. Although the area saw an increase of jobs of 28,000 from June, 2013 to June, 2014, they were not high-wage jobs. That significantly reduces the pool of buyers who can afford to buy a home.

The government shutdown was seen as a wake up call for much of the federal labor force who are being cautious in their moving decisions. Buyers today do not have the benefit of the first-time homebuyers tax credit. There are also fewer affordable homes. Lending requirements are more stringent and salaries are not keeping up with housing prices.

According to the Real Estate Business Intelligence Service (RBI), buyer activity was down from last year in every month. However, the median sales price has remain pretty stable. Inventory continues to grow, although according to RBI, overall inventory remains low, just 43.2 percent of its peak level.

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’s Evolving Gayborhoods

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Washington DC HomesWhat is happening to the ‘gayborhood?’ Discussions of the evolving nature of the gay “community” and fast disassembling “gayborhood” clusters here and in cities across the country are as commonplace as yet another report detailing how expensive D.C. has somewhat suddenly become. An announcement this week by the Bureau of Labor Statistics identifying Washington as the most expensive metropolitan area in the nation for housing and shelter related costs surprised few. It was not the first such analysis regarding what it now takes to survive financially in the nation’s capital – and firsthand knowledge is proof enough for most.

In less than a decade, D.C. has transformed from a largely dysfunctional flat-broke city of declining numbers to a mostly booming modern metropolis with an exploding population and overflowing government coffers. Without waxing nostalgic for the charms of a formerly edgier – and more affordable – place, it’s enough to say that things are now very different.

Simply stated, the District is increasingly a domain of well-educated, well-compensated and career-focused professionals of a median age that keeps dropping. Whatever pitiful prospects politicians possess to affect this new reality in meaningful measure, or respond to clamoring to mitigate the negative effects for less fortunate citizenry, they are powerless to do much. There is scant chance of changing the current trajectory.

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 Mark Lee – 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

Featured Gay Friendly Realtor: Denny Horner, Washington DC

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Denny Horner, Washington, DC, gay realtorPeriodically 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.

Denny is a residential real estate agent in the metro DC area, specializing in row homes and detatched homes. Metro DC offers great diversity and house options!

See Denny’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Washington DC

Washington DC’s Winner and Loser Neighborhoods

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Logan Circle, Washington DC – Apple MapsLast month we looked at active vs. sold listings for D.C. overall. This week, we’ll look at the median price over the past seven months for D.C. neighborhoods based on zip code.

Washington, D.C. overall experienced growth in median price from 2013 to 2014, both in July (1.90 percent) and year-to-date (4.20 percent). Keep that in mind as a background against which to view the stats for individual neighborhoods.

Who were the biggest winners and losers in the month of July? The three zip codes with highest median price growth were 20020 (Anacostia/Hillcrest + 37.80 percent), 20024 (SW Waterfront + 35.90 percent), and 20032 (Congress Heights + 22.80 percent). This is not surprising: property is still fairly inexpensive in 20020 and 20032, and foreign investors are buying it up for rent and renovation. The growth in median price for SW Waterfront is also not surprising given the imminent development along the waterfront there.

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

Image via Apple Maps

Exploring DC’s Real Estate Gayborhoods

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Image by Peter Fitzgerald; courtesy Wikimedia Commons

Do you really know where you live? When I started selling real estate in D.C. in the 1990s there were a number of neighborhood monikers that had withstood the test of time.

Everyone knew Georgetown, for example, with its expensive properties and the restaurants and shops that lined M Street and Wisconsin Avenue. Nearby Foggy Bottom was also well known; its name still produces the nervous giggles of a 10-year-old from transplants to our fair city.

Capitol Hill had always been a prominent section of the District although out-of-towners generally associated it with the government rather than the neighborhood of historic homes its residents know and love. And for other D.C. newbies, Dupont Circle was, and perhaps still is, a frustrating roundabout where one can drive in circles for an hour while working up the courage to veer off in the wrong direction, vowing never to return.

Areas like Cleveland Park and American University Park were often a mystery to newcomers who had never realized there was a suburban-like aspect to D.C. And why, they would ask, were there two different Chevy Chases and Takoma Parks?

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 Valerie Blake – 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

Image by Peter Fitzgerald; courtesy Wikimedia Commons

See Gentrification Happen Via Google Street View

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Google Street ViewThe year 2007, when Google first began driving those ridiculous camera-topped cars around U.S. cities, doesn’t feel so long ago. But seven years is a lifetime on the streets of a rapidly changing city like Washington.

So much in the District has changed so quickly that it’s almost hard to remember what once-empty or neglected corners of town looked like before they were redeveloped. Google, however, has just made it possible to travel back in history — very recent history, that is. For the first time, Google has uploaded all of the archival imagery captured over the years by its Street View cars into its map interface.

Travel now in Street View to the corner of First and M streets NE, and we can see the neighborhood as it appeared there every time a Google car passed by over the last seven years: first in November of 2007, then June of 2008, July of 2009, August and September 2011, and then May of 2012.

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 Emily Badger – See the Full Story at The Washington Post

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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’s Housing Trends

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Washington DC - Apple Maps

Apple Maps

Spring is finally here but the biggest buzz isn’t about what’s outside but what’s going on inside. Real estate in the District is changing in a major way from size and design to renovations. Here’s a roundup of some of the latest trends a savvy buyer should know about when hunting for a new home in the District.

First, expansion has become a need than a want. Efficiencies were once the popular (and affordable) option when seeking out a new condo. However, more buyers are now springing for that two-bedroom unit. According to Valerie Blake of Prudential PenFed Realty, the market is more affordable than it’s been for a while. Residents are no longer forcing themselves to downsize and are choosing to spring for another bedroom. The extra space can be used for a guest room, office, nursery or combination of the three.

More space isn’t only desirable feature. Those looking for a new condo are no longer primarily interested in condo facilities such as how good the gym is or whether there’s a pool. Instead, Blake notices a trend of residents wanting their own private, larger outdoor space.

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 Mariah Cooper – 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

Habitat for Humanity Plans Rainbow Build Event for DC

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Rainbow BuildThis May, Habitat for Humanity of Washington, D.C. (DC Habitat) will hold its first ever Rainbow Build event. The goal of Rainbow Build is to raise awareness for the cause of affordable housing, particularly as it relates to LGBTQ and other social justice issues, and to team up with a diverse array of LGBTQ organizations, groups, and individuals to work towards the elimination of poverty housing in DC.

The Rainbow Build event will center around a series of team build days in May, during which members of LGBTQ groups and organizations in DC will build together on a Habitat home in Northeast DC. Throughout the month of May and June, DC Habitat will be promoting an online fundraising campaign at crowdrise.com/rainbowbuild. All proceeds from this campaign will go directly to Rainbow Build, and towards Habitat’s mission of alleviating poverty housing in the District.

Habitat for Humanity believes that everyone deserves a decent place to live, and that housing equality is an issue of social and economic justice for all people. Through Rainbow Build, DC Habitat aims to create a platform for discussion and a lasting partnership within the LGBTQ community for sustainable change and improvement in DC’s housing market. “Both of these issues are particularly relevant in the District,” says Susanne Slater, President and CEO of DC Habitat. “We’re excited to bring the Rainbow Build concept to our nation’s capital, and to collaborate with the local community to work to alleviate the issue of poverty housing in DC.”

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.

See the Full Story at LGBT Weekly

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