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Category Archives: Real Estate

RealEstate2

PITI Mortgage Loans Are So Expensive

By Tobin O’Connor Concino P.C. |

If you are in the market for a home mortgage, first take a moment to be grateful that your financial situation is as good as it is.  Home ownership is becoming an increasingly unattainable dream.  Home mortgage loans are the biggest debt that most people incur in their lives, and the value of the… Read More »

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HomeAppraisal

What’s New With Residential Real Estate Tax Credits?

By Tobin O’Connor Concino P.C. |

The Internet is practically unanimous about the fact that most Americans who have never owned a house will never be able to buy one unless they get a subsidy from the Bank of Mom and Dad.  The policies that expanded homeownership opportunities are long gone.  Most people with steady jobs are lucky if they… Read More »

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Condo1

Mixed Use Development With Affordable Housing Units Opens in D.C.

By Tobin O’Connor Concino P.C. |

This month, a new mixed-use development opened in Southeast D.C.  The Clara, named after Clara Muhammad, is located at the original site of America’s Islamic Heritage Museum, and the new building includes a permanent location for the museum on the ground floor.  The ground floor of The Clara also includes retail spaces, in which… Read More »

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REAgent

How Will the National Association of Realtors Settlement Affect Your Plans?

By Tobin O’Connor Concino P.C. |

Among the many symptoms of financial long COVID is that the cost of buying a house is becoming increasingly unaffordable.  In fact, many people in their 30s who have been consistently employed for more than a decade, doubt that they will ever be able to afford their own home.  For a brief period in… Read More »

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RE_Law

Baltimore Sells Abandoned Houses at Rock Bottom Prices

By Tobin O’Connor Concino P.C. |

The scarcity of affordable homeownership is a major problem in most urban areas in the United States.  The problem does not always come down to lack of space, though.  Even though many counties, including some in the DMV, have affordable homeownership programs where they reserve certain newly built properties for first time homebuyers who… Read More »

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CommRE3

Should You Be Worried About the Recent Increase in Commercial Real Estate CLOs?

By Tobin O’Connor Concino P.C. |

So much about the real estate market is unpredictable.  No one who was building shared office space, roller skating rinks, and movie theaters in 2019 could have anticipated what the next year would bring.  Whenever one family buys one house, they are taking a financial risk, not knowing how much the value of the… Read More »

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RE2

Real Estate Transactions Run in the Family

By Tobin O’Connor Concino P.C. |

Everyone complains that the rich get richer while the rest of us work our whole lives for little or no reward.  If you have not thought about this for a while, it speaks well of your financial situation, your ability to be content with what you have, or both.  It is easier to feel… Read More »

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HouseKeys

Everyone Wins When Landlords Help Tenants Boost Their Credit Score

By Tobin O’Connor Concino P.C. |

Despite the fact that home ownership is becoming unaffordable for an increasing number of people, the economics of residential rentals please no one, regardless of whether it is a mom-and-pop landlord renting out a finished basement or a large company managing a building with hundreds of units.  The rent payments that landlords collect from… Read More »

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RE3

What Is Legal When It Comes to Screening Prospective Tenants?

By Tobin O’Connor Concino P.C. |

Vacancies are a landlord’s worst nightmare, so why is housing so hard to find in Washington, D.C.?  Prospective tenants must demonstrate to the landlord that they will consistently be able to make rent payments; this usually means showing proof of employment and income.  Sure, every landlord forms a first impression about how much or… Read More »

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Landlord2

Everyone Loses When Landlords of Unlicensed Properties Try to Collect Rent

By Tobin O’Connor Concino P.C. |

Rent is prohibitively expensive these days.  To be approved to rent an apartment in a building managed by a reputable company, you have to be so wealthy that, 15 years ago, your income level would have gotten you approved for a home mortgage.  The safest rental agreements are the ones where the landlord and… Read More »

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