The JC Podcast

FED raises interest rates for the first time since 2018, what does this mean?

jordan@chronoresidential.com

240.477.9144

www.chronoresidential.com

Median sold price in region was $539,450, a decrease of 0.9%

from January 2021; average days on market in January: 33 days

In the District, there were 565 closed sales in January (a 33.3% decrease from the previous

month), while the median sold price was $645,000, a 3% decrease from the previous month

and a 7.5% increase from January 2021.

In Montgomery County, the median sold price was $486,000, down 6.4% from December and

down 2.8% as compared to January 2021. There were 774 closed sales in January, a 38.1%

decrease from the previous month and 4.9% decrease from January 2021.

Average days on the market in January were 28 in Montgomery County and 40 in the District.

Hope this was helpful!

Jordan Chronopoulos | RLAH Real Estate

jordan@chronoresidential.com

Today we are going over 5 reasons why you should use a Realtor to represent you for New Construction. Thanks for listening!

Jordan Chronopoulos

240.477.9144

jordan@chronoresidential.com

Today I am doing a quick run down of what DTI (Debt-to-income) means. It is important as a future home buyer to understand what factors are taken in consideration when getting approved for a loan. As always, consult with a lender to see what your options are.

Thanks for listening!

Jordan Chronopoulos

jordan@chronoresidetial.com

Today I am discussing the differences between FHA, Conventional & VA Loans.

FHA - minimum 3.5% down, PMI for life of loan, typically higher closing costs, lower credit/requirements

Conventional - minimum 3% down, PMI drops off at 20% loan to value, higher credit/income requirements

VA - 100% financing, no PMI, very competitive interest rates

Jordan Chronopoulos

jordan@chronoresidential.com

In this episode I am going over the costs involved when purchasing a home. You have your down payment (GREAT), but what other costs should I plan for before I get the keys? Apologies on the audio, used my AirPods for this, my mic broke and a new one is en-route!

Feel free to send me a direct message if you have any more specific questions.

Jordan Chronopoulos

jordan@chronoresidential.com

240.477.9144

Today I am discussing the low inventory and what it means for you as a buyer or seller. I am predicting that inventory will start to jump later into the year when take in consideration of vaccines coming out, those sellers that were not comfortable to sell before may want to now, mortgage forbearance wears off, 900k + new construction homes being built in 2021. 

Feel free to reach out if you have any questions specific for you.

Jordan Chronopoulos - DC MD VA REALTOR

jordan@chronoresidential.com

c: 240.477.9144

Earnest Money Deposit aka EMD. What is it? Who holds it? Where does it fit in my down payment and closing costs? 

Find out!

Today I want to discuss getting your ducks in a row as a buyer. With inventory being the lowest it's ever been, I want to help paint the picture if you are a buyer looking now or later. If you have any questions that are specific for you, reach out to me as I am here to help.

Thanks,

Jordan

Jordan Chronopoulos | RLAH Real Estate | Licensed Realtor in DC, MD, VA

jordan@chronoresidential.com

c: 240.477.9144

Today I am with a friend & past client Rafia whom bought a home in DC at considerably one of the craziest times (Peak of Covid 19)! We are not discussing the buying process, but life after getting the keys and what it was like for her being a first time buyer. If you are in the market for a home or just curious at all, this is for you. Enjoy, Jordan My information: https://www.instagram.com/jchrono/ jchrono@rlahre.com 240.477.9144