Ted Smith, Partner Associate writes for the Washington Blade

Hdownload (4)ousing Type vs. Housing Ownership

April 11, 2014 | by Ted Smith

With the variety of housing terms floating around, it’s often confusing to renters and buyers to say just what it is they are looking for.

Housing type refers to the architectural configuration of a desired home. In DC, the MLS  service (MRIS) designates various housing types. Apartments (sometimes called flats) are typically living spaces all on one floor in multi-unit buildings.  Apartment buildings are categorized by the number of stories: garden buildings have from 1 –4 stories, mid-rise buildings have from 5 – 8 stories, and high-rise buildings have 9+ stories.

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Ted Smith, Partner Associate writes for the Washington Blade

download (4)Where D.C. Rents Are Headed

March 14, 2014 | by Ted Smith

In 2013, rents rose in the most expensive U.S. cities (San Francisco, New York City, Boston, Los Angeles), including Washington, D.C., but they did not rise as much in D.C. as elsewhere. Two years ago at this time, the vacancy rates here were so low that it was hard to imagine the balance of supply and demand getting level. But over the last year, a number of new Class A (luxury) apartment projects has filled the market with new units and that number is expected to increase for at least the next three years. In 2009, the number of new apartment units in the pipeline stood at 16,606; by the third quarter of 2013, there were 36,098 new units and counting.

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Real Living | At Home is a locally owned real estate brokerage serving the entire DC area. We have four real estate offices, located in Dupont Circle & H Street in Washington DC, Chevy Chase, MD, and Arlington, VA. We specialize in buyers and sellers interested in single family homes, row houses, townhouses, condos, co-ops, lofts, and any other kind of residential real estate in Washington DC, Maryland, or Virginia. Real Living | At Home is a locally owned and operated franchise. Real Living real estate is a network brand of HSF Affiliates LLC, which is majority owned by Home Services of America, inc. A Berkshire Hathaway Affiliate.