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The Washington DC real estate market continues to be one of the strongest in the nation. It was a busy weekend out there at open houses in DC. While I was out showing buyers homes it was sometimes challenging to get them through the doors! I believe the warmer than usual weather as well as high demand due to very low interest rates is playing a big role in the high activity level. In my opinion the warm weather has created a earlier then ever spring boom in the Washington DC real estate market. The spring market looks like it will be a continuation of the current Washington DC real estate market with perhaps a little more inventory and a lot more demand. According to MRIS the Washington DC real estate market inventory level in January was down 27.59% from…

Last evening I met with a homeowner regarding his decision to complete a Prince Georges County Short Sale.   The meeting was initiated by the homeowners lender.  In my experience this setup is rare.  Typically, in these situations it is the borrower(homeowner) who must contact the lender to inform them that they would like to do a short sale.  The fact that the lender has reached out to the borrower to initiate a Prince Georges County short sale shows you the situation that most lenders are faced with.  In the last few years lenders have had to adjust their loss mitigation efforts due to the mistakes they have made when foreclosing on their borrower.  That may all change soon.  Last week 49 state attorneys general came to a settlement with the nation's…