The December data from BrightMLS offers a reassuring close to the year across most of the Washington Metro region. Activity remains steady, prices appear to be resilient, and while days on market have stretched modestly, conditions continue to favor well-prepared buyers and sellers.
Northern Virginia and suburban Maryland performed particularly well. Alexandria, Arlington, Fairfax, Falls Church City, Loudoun, Montgomery, and Frederick Counties all showed solid to improving sales activity with generally stable or rising median prices. The increase in days on market across these areas reflects normalization rather than weakness. Buyers are deliberate, inspections matter, and pricing discipline is rewarded.
While median prices in D.C. rose year-over-year, closed sales declined and days on market remained elevated. This divergence is largely driven by the condominium sector, where rising condo fees, insurance costs, and buyer sensitivity to monthly carrying expenses continue to suppress demand. Well-located single-family homes and townhomes remain competitive.
This is not a distressed market at all. It is a discerning one and the panic to buy ‘something’ seems to have passed.
Homes that are priced correctly, are well-presented, and are aligned with buyer expectations are selling well. Those that are not, are waiting. Now, strategy, preparation, and thoughtful positioning matter more than ever.
Real estate decisions should always be made locally, not generically. The data reinforces what we, at Properties on the Potomac, Inc. see daily. Sales are driven by activity and not by headlines.
Do you have a low mortgage that you hate to give up? But you want a different living environment? Krasi Henkel has a plan for you. One that builds equity, wealth, and curates your lifestyle. Text Krasi – 703-624-8333
This is the season when we spend more time indoors and our doors and windows remain closed for longer periods.
I am deathly allergic and toxic to mold. A three second exposure can make me ill for weeks and even months. I often laugh with my buyer clients that I am the official “mold meter” when we look at houses. There have been times that I detected mold even before opening the front door. I share my experience with my clients, and we leave as quickly as possible. Sick houses can be cleaned. My clients need not be the ones to do that.
Not everyone smells or reacts to mold. I believe that educating my clients is paramount. No sale is worth illness and maladies. I would rather walk away than knowingly let my clients buy into malaise, illness, and even life-threatening accidents. A mold reaction caused me to fall from my horse, breaking my ankle. My life changed. I have not been the same ever since.
While everyone has varying levels of reaction, if any, to mold in a property, it is important to understand how mold develops and where it can grow. It is not always the old basement, although it quite possibly can be. With weather changes and moisture changes, below is a list (not comprehensive but suggestive) where mold can grow:
Window casings and drywall around them
Doors – under sill plates and around the frames on the drywall
Under sink base cabinets
Under dishwashers
Under washing machines
Under HVAC condensate lines
Inside HVAC air handlers
Behind and under refrigerators (even those without water sources)
Bathrooms
Basements – under floors, wall bases, even ceilings
Your car!!
What can you do to prevent mold from taking root in your home or car?
Inspect window caulking regularly – recaulk as needed
Check door sill plates – especially at decks and patios
Look under sinks – look for evidence of moisture – attack and remediate
Look under your dishwasher for evidence of water and mold signs
Look under and behind washing machines
Have your HVAC serviced and inspected semi-annually – ask your tech to look for evidence of leakage and mold
Pull your refrigerator out – inspect the floor
Run the exhaust fan in your bathrooms while showering to prevent condensation build-up
Confirm that bathroom exhaust fans are operating properly
Change the air filter in your car
Keep all HVAC filters clean
Here are a few unsettling facts that I recently discovered:
Drywall in its manufacturing process has imbedded mold spores
Mold loves drywall. That is why after a water incursion event, mold grows on drywall very quickly.
New home construction can “build-in” mold during the construction process by allowing materials to get wet.
Your car’s trunk gasket can be allowing water incursion and harboring mold
Your car’s air filter can get damaged by mice – their deposits can sprout mold
Your car’s AC can leak into your dash – mold can sprout
These lists are just a few of the mold issues that can develop over time or quickly.
Mold has been associated with chronic fatigue syndrome, headaches, upper respiratory ailments, even ‘colds’ could be reactions to mold. Do not be lulled into security by a ‘new house.’
Last year, I walked through our basement bedroom for a split second. That was long enough for me to get sick. It lasted through January. Where was the mold? Our basement bath exhaust fan had stopped exhausting but sounded to be running just fine. My husband likes the shower there. The moisture from the shower traveled to the far corner of the room, settled on the cold tile floor under a night table, and sprouted a quarter-sized spot of mold.
As a precaution – I had the exterior walls’ drywall removed – luckily – all was dry including studs and base framing. The tile was dry with no evidence of water. I called a waterproofing company – they tried to sell me a $50,000 remediation system.
I decided to call on the home inspector who inspects my clients’ home purchases. He came armed with a moisture meter. He found none. Then, he suggested laying down and sealing a vapor barrier plastic sheet like that of a crawl space. He told us to leave it down for 7-10 days. If at the end of the period, there was moisture under the barrier – there is a water problem. If none, then it was a condensation problem. Luckily, it was the latter.
Our brilliant contractor figured out that the exhaust fan was not extracting the condensation. In with a new fan and lots of cleaning – all is well.
However, this episode required that I discard the entire contents of the room. I had my brand new furnace thoroughly cleaned and disinfected. Mold spores are airborne and had certainly settled on all fabrics and furnishings. All because an exhaust fan had malfunctioned. On that note – ask questions about the history of any resale furnishings that you are considering buying. Have you ever smelled mustiness in antique drawers . . . ?
Mold is toxic and for those who are sensitive, each episode increases that sensitivity and the reactions. While I am not a mold expert, here is a link to mold and its remediation on YouTube. The mold conversation begins around the 3 minute mark. It is a little long but could save you years of misery.
If you have questions or need resources, contact Krasi Henkel – TEXT – 703-624-8333. If you are planning to buy your next home, Text Krasi.
After attending the Loudoun County Chamber of Commerce ‘PolicyMaker Series: Postelection Aftermath’ I walked away with concerns and considerations. This blog is not intended to make or take a political stand, but to outline possibilities and current actions. Keeping you informed so that you can make the best possible decisions, is always my goal.
Politicians and analysts banter the term, affordable housing. Let’s unpack this concept and discover how, if at all, affordability can be affected.
The variables of affordability consist of the following obvious pieces:
The price of real estate
The mortgage interest rate
The mortgage term (number of years)
Cost to insure
Taxes
Income tax incentives (if any)
Housing supply and local zoning
To improve affordability, one or more of the above variables must be influenced as follows:
Private property values are subject to market forces.
Mortgage interest rates while variable, can be subsidized by jurisdictions or offset by tax savings
The term of the mortgage 15-30-50 affects the monthly payment
Insurance is partly environmental risk based, and partly determined by your desired value to insure and what to include.
Taxes – real estate taxes are based on jurisdictional assessments. You can appeal assessments. You can elect officials who would reduce tax rates.
The Federal government or even the state can make interest, taxes, etc. deductible at higher rates – AKA – subsidizing through deductibility.
Supply and demand shifts from scarcity to accessibility can partially be accomplished through thoughtful zoning and maybe expeditious reviews.
Below are possible solutions but will require bold federal and state participation.
Let’s clear one thing up – homeowners do not plan to decrease the asking prices for their houses in a scarcity scenario. Insurers have suffered massive losses and will likely not be reducing their rates, and their reinsurers will most likely not be doing the same.
Property taxes – you can evaluate your jurisdictional budgets and determine potential austerity measures with which to justify tax reductions. We all know that this is a long term project involving studies, hearings, and elections.
While on the topic of property taxes and local jurisdictions, one way to increase supply would be to loosen zoning regulations and shorten permit and inspection periods. All of that requires public hearings. Realistically, when was the last time a voting block voted to increase density?
Income tax deductibility or credits could be useful subject to income limits. This will require political maneuvering, bills, vetoes, and committees, and lots of talk and perhaps a little help.
Mortgage interest is a possible variant. When affordability is addressed, it is often addressed for first time home buyers. The US government, states, and local governments offer mortgage loans to offset cash down payments, and structure loans based on a variety of criteria. This is where creativity can set in and offers interesting options to consider.
Let’s look at Virginia for example. There are several assistance loan products including down payment and closing cost grants. After that there is Virginia Housing (formerly VHDA), which is funded through bonds and are not and do not affect the tax base. These loans come with quite a few strings and qualification can be onerous. Looking at today’s mortgage rate, I note that VHDA is offering their loan for 6.5%. Yet FHA, VA, USDA are all below 6%.
Another mortgage alternative is increasing the loan amortization terms from 30 to 50 years. Yes, the total interest paid will be higher, but the monthly payment can become affordable. Consider the example below:
$500,000 loan at 5.75%
30 year principal and interest (PI) payment: $2918
50 year principal and interest (PI) payment: $2540
The monthly savings will be: $ 378
That difference can make the difference in qualifying.
It will cost more over the life of the loan. The reality is that most people move every seven years. Loans can be refinanced if rates decline. I have met very few people who retained their original loan to its final payment. The 30-year mortgage was originally tied to the 30-year treasury bill. Though, the 10-year Treasury Note is a more direct benchmark. The 30-year treasuries are called “long bonds.”
Zoning:
Zoning adjustment measure has been on Virginia’s local jurisdiction radar for over five years. Since 2020 initiatives to modify local zoning to permit density increases have been proposed.
Last week, a circuit court judge recently ruled in favor of the City of Alexandria in the “Zoning for Housing” lawsuit, dismissing the case and allowing the city’s zoning reforms to stand.
The case had been brought by local property owners, Coalition for a Livable Alexandria, protesting the density changes and their perceived impact on their properties. This ruling allows the city’s “Zoning for Housing” ordinance to proceed.
A question: with the decision in place, can a developer now buy a single family house, tear it down and build a multi-family structure? What are the limits? What are the safeguards? Where will those residents park? How will the existing infrastructure support the additional density as far as education and traffic?
In Tysons, a similar initiative has been enacted. Click here to learn more about these and other Virginia measures.
While political promises abound, reality sets in. The recent election platform was heavy on affordable housing. When I inquired at the recent event, about the “how” of the promises, the moderator ‘ran out of time.’ I asked why VHDA loan rates outstrip all other loan rates. When I approached one of the State senators, he told me that they are “looking into it.” The urgency? Subject to interpretation. They seem focused on zoning changes as the primary solution.
There is no easy fix. Everyone must get involved and ask the hard questions: When politicians promise ‘affordable housing,’ ask them: Affordable to BUY, or affordable to RENT? Those are two very different things – one builds wealth and independence, the other creates permanent tenants beholden to landlords and government programs. The days of happy ambivalence are gone. You should pay close attention and make your decisions thoughtfully.
If you want to buy your first home, contact Broker Krasi Henkel. Her nearly 40 years of experience and exceptional lender network, produce dream-come-true scenarios. If you want to be one of the lucky few – text Krasi today – 703-624-8333.
The Update That Will Change Many Agents’ Clients’ Privacy
On November 15, Zillow’s new Follow Up Boss policy activates. It allows Zillow to analyze “mutual customer data” — information about people already stored in an agent’s database and active on Zillow. In practice, that means private notes, personal dates, communication records, and engagement metrics will most likely flow into Zillow’s broader system.
The Fine Print Behind the Automation
Agents and brokers across the country rely on Customer Relationship Management CRMs that promise efficiency. That speed has a price. By clicking “agree,” most have granted sweeping permissions that they have most likely not read. These updates are not breaches. They are contracts of consent written in language few real estate professionals have the time , patience, or legal acumen to interpret.
Why This Matters to You
Real estate is built on trust and confidentiality. When client data becomes “shared metadata,” trust erodes. The public assumes its conversations with agents are private. Agents assume that their CRMs act as secure tools. Both assumptions are now questionable.
Properties on the Potomac Does It Differently
At Properties on the Potomac, technology serves judgement. We never replace judgement with technology. Of course, we use advanced digital systems, but we maintain local control of all client data. No automated platform owns our client relationships, and no algorithm decides who receives correspondence.
Our data protocols are guided by three principles:
Control: We decide where our data lives, and who can access it.
Confidentiality: Your personal and financial information remains between you and your agent.
Accountability: We read ‘agreements’ before signing and occasionally forego convenience for privacy. Your trust is not a click-through box.
Krasi’s extensive education in accounting and finance has developed a “radar” to detect potential conflicts of interests. In 2002, when her then brokerage demanded that all client data be entered into their centralized CRM system, Krasi changed companies.
When asked which CRM our company uses, Krasi replies, “spreadsheets.” Why? Because our clients do not have to be “managed” with prewritten impersonal communication. Real Estate is still a PEOPLE business. The person who is helping you with your most important financial transaction must respect you more than AI-generated communication can offer.
The Bottom Line for You
Technology should enhance professionalism. Convenience is valuable, but not at the expense of control.
Technology must never erase human professionalism.
There seems to be a growing trend toward “burning bridges” as a form of self-assertion. It appears often, even celebrated, as though torching a connection is a mark of independence or strength.
Let’s pause and ask, “why?” To satisfy an ego? To prove a point? To protect ourselves from discomfort?
The truth is simpler. We never know when a door might open again. By burning the bridge, we limit opportunity. By leaving it standing, even unused, we preserve possibility.
Years ago, I worked for an exceptionally brilliant executive director. At our staff meetings, he would always end with the same words: “Be nice. You never know who your next boss will be.”
That line has stayed with me for more than five decades. The wisdom is timeless. Being nice costs nothing, and it buys peace of mind, grace, and long memories in one’s favor.
When negotiating with a difficult client or agent, consider the value of restraint. Not every disagreement demands destruction. Some require distance, but distance is different from demolition.
Of course, there are rare situations that justify a clean break. Yet in my many decades of business—as an auditor, portfolio manager, director, Realtor®, and broker, I am grateful that I have resisted the temptation to light the match. The people who might have deserved the flame have long since forgotten, and those who would have cared might have turned away.
Fire is satisfying only for a moment. Bridges, however, can stand for a lifetime.
Nestled in Virginia’s northwest corner, Western Loudoun County represents one of the region’s most distinctive real estate markets. Properties here offer a captivating blend of agricultural heritage and contemporary country living, with investment opportunities ranging from historic estates to luxury new construction. Rolling hills dotted with stone fences frame breathtaking Blue Ridge Mountain vistas, creating premium viewsheds that significantly enhance property values.
Western Loudoun real estate includes luxury new builds……historic estates……and charming small towns.
The region’s thriving agribusiness sector supports strong agricultural property demand, from century-old family farms to boutique agricultural ventures. Over 45 award-winning wineries have established Western Loudoun as Virginia’s wine country epicenter, driving specialized vineyard property values. The robust equestrian market features everything from modest hobby farms to world-class training facilities, with proximity to riding trails and hunt country commanding premium pricing.
Western Loudoun proudly preserves its rich foxhunting tradition through prestigious hunt clubs like Loudoun Hunt and Middleburg Hunt. Properties within established hunt territories often enjoy enhanced market appeal and stronger value retention, particularly among equestrian buyers.
The area boasts a robust equestrian community……award-winning wineries……and a rich foxhunting tradition.
Families invest here for top-rated public schools and prestigious private academies. The real estate market benefits from exceptional recreational amenities, charming historic towns, and proximity to Washington DC, creating a perfect balance of rural tranquility and metropolitan access that continues to attract discerning buyers seeking authentic country living without compromise.
If you are considering quality of life and a upscale rural lifestyle, contact our broker, long-term resident, and equestrienne, Krasi Henkel at 703-624-8333, to discuss your goals and options.
Should You Invest in Real Estate? Shakespeare Did!
Shakespeare’s Birthplace in Startford upon Avon. When he inherited this property, he developed it as “mixed use” – residential, commercial, and a pub.
William Shakespeare penned the famous words for his play, Hamlet, sometime between 1599 and 1601. He was already a successful poet and playwright because in May 1597, he purchased the 107-year-old “New Place” to be the home for his wife, Anne, their daughter Susanna, and twins, Hamnet and Judith. He was 33 years old when he purchased the enormous 20+ room house with five gables, two orchards, and two gardens.
Shakespeare purchased New Place, the second largest real estate holding in Stratford upon Avon
In 1601, Shakespeare inherited his parents’ house, his “birthplace.” He enhanced and added on to it and turned part of it into an income producing pub.
In 1602 he purchased 107 acres of land from which he received handsome rental returns. Stanley Wells, professor and editor of the Oxford Shakespeare, is quoted in an April 18, 2014 Financial Times article by Annie Maccoby Berglof, “He bought New Place; a lot of land in 1604; a cottage in Cottage Lane. For much of his life, he was investing in property,”
In Shakespeare’s society, using “other people’s money” was well accepted. He used a mortgage with which to buy the Blackfriars Gate House in 1613.
In addition to being a savvy real estate investor, Shakespeare invested in other profitable ventures as well as in his performance and theater companies.
To recap, for most of his professional life, Shakespeare invested and acquired real estate. He made his initial capital from acting and writing plays. Then he diversified.
“Money buys lands, and wives are sold by fate.”Merry Wives of Windsor, Act V Scene 5
Why does this matter and how does this translate to our lives today?
Mark Twain and/or Will Rogers are credited for saying, “Buy land. They are not making any more of it.”
Did you know that more than 90% of today’s wealthiest people made their fortunes in real estate?
You can enjoy tremendous benefits by investing in real estate –
Appreciation
Favorable tax treatment
Leverage
Borrow more through refinance
Others repay your principle
Income
Land always has value
There is nothing new under the sun in 425 years! Should you consider diversifying and adding real estate to your portfolio?
Properties on the Potomac, Inc. 