Washington, D.C

5 BOLD Predictions for the Washington DC | The FUTURE of Washington DC Real Estate Will SHOCK YOU! – DC Real Estate Mama

Published

1 year ago

January 27, 2025

5 BOLD Predictions for the Washington DC

It was a tough year for real estate. The past year of 2024 saw higher mortgage interest rates and in many U.S. markets, less buyers. We experienced a shift here in DC metro as well. What’s going to happen now that the new year is here? Will there be more for sale? Here are Melissa’s 5 bold predictions for DC area real estate in 2025.

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The Buyers are Coming Back

I knew this was going to happen. I had been telling clients all last year – this is the time to buy. It’s hard to convince people of this though because I’ve learned some things during my two+ decades in real estate (and in life.) People generally operate with a “today” mindset. They hyperfocus on the present almost to the exclusion of the future.

Here’s why I knew it was time for buyers to return. First, there are always soft spots in the real estate market in the DC area. Those soft spots are August and December. The market resets after those two months. Since we didn’t see much of a recovery in September after everyone finished their summer vacations, I expected that it would come for us in “spring,” i.e. after the new year.

Second, every time there’s a giant thud that stops the velocity of the real estate market – think Sept 11th, 2008 housing crash, or covid, things stop. But they never stop for long. The sharp rise in interest rates has had time to set a “new normal,” and it was time for the buyers to get back out there.

When people ask what I think the spring market will be like, I tell them I’ll know on January 2nd. Why is January 2nd so magical? I know people. And like clockwork, people who want to buy homes all decide to reach out to an agent on January 2nd. I got several calls from potential new clients on January 2nd this year, and a call or two each subsequent day into the first week of January. That’s my barometer. It’s going to be a busy season.

DC Real Estate Will Bounce Back

We all use the term “DC” when we mean the entire metro area. But in this case, DC actually means DC. The city. Inside the DC City limits.

What do I mean that it will bounce back? We saw a drastic reduction in buyer interest in DC properties in the past year.

The neighborhoods that were “up and coming” had slowed due to increased crime. As I heard from another agent recently who brought a buyer to one of my listings, “The third time her car got stolen she knew it was time to move.”

Well. There was that.

In 2023, homicides in the city hit a 20 year high, at 274. But in 2024, crime was down in all categories. Homicides were down over 30%, Robbery down 40% and Assault with a Dangerous Weapon down 27%.

How did the people of DC respond?

In late 2024, the Mayor’s office released data that DC had the biggest single-year population gain since 2013. The District added 15,000 residents from July 2023 to July 2024. That’s pretty good considering it put the city over the 700,000 mark for population.

Administration Changes Will Change Nothing in Real Estate

Everyone believes that there’s this huge exodus of people who leave DC when the administration changes. That’s not true. Here’s a chart to prove this. These are close sales, by month, going back a decade. Look at the election years – 2016, 2020 – do you see any outliers in those years? No. They look like all the other years. So why do people believe this? The short answer is “I don’t know.”

When a new administration comes in with all new people, yes, some of them buy homes. But often, the homes you hear about them buying are the high dollar homes. It makes a great headline, right? But, for every $2M+ home that is purchased by some high-ranking official in the new administration, there are probably 25 homes that aren’t purchased that you won’t hear about.

Incoming people often leave a family behind in another state and commute back and forth. They may purchase a small pied a terre or they may rent. Those in the administration that is leaving office find jobs elsewhere. They don’t just pick up and leave DC because the administration changed. There are plenty of jobs here and they have plenty of connections to secure one of those jobs. Leaving DC would accomplish nothing for them really. They would have fewer job prospects in most other cities. Thus, administration changes really don’t change anything.

Back to the Office

All those empty office buildings eventually had to come back to life. Some have been turned into residential buildings, but other companies have said, “It’s time to come back.”

Trump has made no secret of the fact that he’s going to get people back to the office. Every day. He’s also enlisted Elon Musk to head up Government Efficiency so that should be interesting. I love that name; it’s the world’s best oxymoron. Initial reports stated that they were going to eliminate 100,000 jobs. Will this actually happen? No one knows. Election promises, as we all know, operate in a vacuum. These two can’t unilaterally cut 100,000 jobs, but yes, there will probably be shakeups.

What happens if 100,000 jobs are actually cut? Many of those people will go on to find employment elsewhere. I don’t worry about things until they happen and if they do, the metro area has enough opportunity to absorb those employees into other agencies or the private sector.

Different Price Points, Different Realities

I’ve had this conversation with probably a dozen different buyers over the past six months. When interest rates were low, every price point was affected. Buyers for the $200,000 homes and buyers for the $2M homes were all rushing to snap something up to get the low interest rate locked in for 30 years. When the mortgage rates went up above 7% this past year, most people thought that buying activity would soften across the board. But, surprisingly, it didn’t.

Those in the luxury price points were unaffected. Luxury in the DC Area used to mean $1M or more, but now $1M for a house can be a starting price for many first-time buyers. The buyers in that $1M – $1.4/$1.5M price point were also mostly unaffected. There was slightly less competition. Instead of 5 buyers per home, maybe it was 2-3 buyers.

The biggest changes happened in the sub $600,000 price point. When rates were 3%, there were 10 or 15 buyers for the $500,000 and $600,000 homes. That’s a first-time buyer price point for many buyers. When the rates went up, the number of buyers at those price points, and lower, went from maybe 10 buyers per home down to no buyers or just one buyer. Interesting, right? Why though?

If you think about it, these are entry level price points in this area. You can find homes in some areas for $300,000 and it’s the same story there as it is in the $500,000 to $600,000 price point. The buyer for these homes has a tighter budget, less in savings usually and something like a point or two in an interest rate increase can take them right out of the market.

The good news though is that for those who are left, this is a sweet spot right now! Will it remain this way? I expect the luxury market to continue full steam ahead, business as usual in 2025. I expect more buyers in the sub $600,000 price point to start returning back into the market, but I don’t know that we’ll see them back in full force until 2026 when mortgage rates are expected to come down once again.

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Washington, D.C

Storm Team4 Forecast: Thick fog to clear before storms, rain Thursday night

Published

9 hours ago

March 5, 2026

Press Room

Storm Team4 Forecast: Thick fog to clear before storms, rain Thursday night

4 things to know about the weather:

Grab the umbrella
Big temperature ranges
Thunder possible Thursday night
Warmer days on the way

Heads up commuters! For Thursday morning, there will be some thick fog in spots with some rain possible, especially around the Mason-Dixon line. The fog should clear out by 10 a.m.

Throughout the day, some sunshine should develop with highs warming into the low 60s. Those in Northern Maryland could see some showers throughout the day but those near the D.C. area will stay relatively dry except for a stray shower or two.

Some rain and evening storms by 8 p.m. will impact the area Thursday night. Although it’s a bit unusual for this time of year, don’t be surprised if you hear thunder Thursday evening.

Warmer temperatures coming this weekend

These next few days will come with some major forecast challenges.

Much, much warmer air is just to our south and cold, high pressure is moving into New England. The front separating the 40s from the 70s will be laying right across our region for the next two to three days.

So keep in mind, when you’re looking at the forecast highs in the text below, that it will be warmest in Fredericksburg, VA and coolest in northern Maryland.

Friday’s weather will be similar as a front system remains just over the area, separating chilly air to the north and warmer air to the south. There might be a stray shower or two, too.

For the weekend, Saturday looks to be the warmer of the two days with highs in the low to mid 70s. Some rain overnight Saturday will lead to cooler temperatures on Sunday.

Download the NBC Washington app on iOS and Android to check the weather radar on the go.

QuickCast

THURSDAY:
Mostly Cloudy
Stray Shower Possible
Big Temperature Range
Wind: Southeast 5 mph
Chance of Rain: 40%
HIGHS: 62° to 72°

THURSDAY NIGHT:
Cloudy And Chilly
Rain Likely
Some Thunder Possible
Wind: Northeast 5 mph
Chance Of Rain: 70%
LOWS: 44° to 54°

FRIDAY:
Mostly Cloudy
Cooler For Most
Isolated Shower Or Two
Wind: East 5-15 mph
Chance of Rain: 20%
HIGHS: 52° to 68°

SATURDAY:
Partly Sunny
Breezy And Warmer
Isolated Shower
Wind: Southwest 10-20 mph
Chance of Rain: 20%
HIGHS: 66° to 78°

SUNDAY:
Mostly Cloudy
Cooler
Few Showers Possible
Wind: Northwest 5-15 mph
Chance of Rain: 20%
HIGHS: 64° to 72°

Sunrise: 6:35 Sunset: 6:05
Average High: 53° Average Low: 36°

Stay with Storm Team4 for the latest forecast. Download the NBC Washington app on iOS and Android to get severe weather alerts on your phone.

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Washington, D.C

Tax expert explains DC filing season amid Congress-District dispute

Published

21 hours ago

March 4, 2026

Press Room

Tax expert explains DC filing season amid Congress-District dispute

WASHINGTON (7News) — D.C. taxpayers may be confused by back-and-forth between the D.C. City Council and Congress over taxprovision. The city’s financial officer sent a letter to Mayor Muriel Bowser and D.C. Council Chair Phil Mendelson, that said the District’s tax laws will not change, despite recent actions by Congress.

7News spoke to director of Tax Policy at the Center for American Progress Corey Husak to explain the complicated tax policy.

“The short answer is, nothing changes. Filing Season can continue as it has been, continue as planned, and according to the laws as we understood them in January,” said Husak.

“If you’ve already filed your taxes, you don’t have to change anything. And if you want to file your taxes, the rules are still the same as they were on the books before,” said Husak.

RELATED | DC Council Chairman talks taxes, budget, bodycams, federal surge

Chief Financial Officer Glen Lee’s revenue estimate issued Friday does not include an estimated $180 million expected this fiscal year from the city’s decoupling law, “due to the uncertainty of the associated revenue as a result of Joint Resolution 142,” according to a released letter.

“The CFO was in a tough spot here. If he agreed with Congress, then businesses and overtime workers will get bigger refunds. But if he agreed with the Mayor and the Attorney General, then families with children and lower income workers would get bigger tax cuts,” said Husak.

SEE MORE | Development of new Commanders stadium scrutinized at DC oversight hearing

“We as District residents can’t control, you know what happens in the courts, what happens in, you know, what Congress does in the future,” said Husak. “But for now, the CFO has said, you know this is, this is a law as it stands, and the law that I’m going to enforce so, you know, file your legally obligated taxes, and maybe in the future, there’ll be a surprise.”

WATCH THE FULL INTERVIEW

7News spoke to director of Tax Policy at the Center for American Progress Corey Husak to explain the complicated tax policy (7News).{ }

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Washington, D.C

CHERRY BLOSSOM COUNTDOWN: Peak Bloom prediction drops Thursday

Published

1 day ago

March 4, 2026

Press Room

CHERRY BLOSSOM COUNTDOWN: Peak Bloom prediction drops Thursday

WASHINGTON (7News) — The nation’s capital is just about ready to be transformed into a breathtaking pastel landscape of cherry trees in bloom. The famed blossoms around the Tidal Basin are not only a symbol of spring’s arrival, but also of a long-standing friendship — a gift of more than 3,000 trees from Tokyo, Japan, to the United States in 1912.

So what is considered “Peak Bloom”?

The National Park Service (NPS) defines peak bloom as the time when at least 70% of the Yoshino cherry trees around the Tidal Basin have opened their blossoms. This is the period when the blossoms appear most full and spectacular and most ideal for photos, and soaking up spring’s beauty here in DC.

Because cherry trees respond to the cumulative effects of winter and spring weather, especially daily temperatures, it’s very difficult to predict peak bloom more than about 10 days in advance. Warm spells accelerate blooming; cold snaps slow it down.

Average Timing — What History Shows

Since 1921 overall, national data indicate peak bloom typically fell around early April (April 4), based on historical averages.

Average date peak bloom – cherry blossom trees Washington DC Tidal Basin

Since 1990, the average has kept shifting earlier and earlier. In fact, the last 6 years our peak has occurred in late March.

These shifts reflect how warmer springs have nudged peak bloom earlier over the decades.

Earliest & Latest Blooms on Record

Earliest peak bloom: March 15 — recorded in 1990.

Latest peak bloom: April 18 — recorded in 1958.

Of course, most years fall between those dates, with the last week of March to the first week of April historically being the most consistent window for peak bloom.

Earliest Peak Bloom Washington DC

Recent peak blooms show how variable and climate-dependent the timing can be:

2025: The National Park Service predicted peak bloom between March 28–31 (and confirmed the official peak around March 28).

2024: Peak bloom arrived very early, on March 17, several days ahead of NPS projections — tied for one of the earliest peaks in decades.

These examples demonstrate not only how much each season can differ, but also a trend toward earlier spring blossoms in recent years.

What to Expect for Spring 2026

As of early March 2026, the cherry trees are still dormant. The buds haven’t begun significant growth yet. The weather will become more critical in the weeks leading up to the bloom will be the biggest factor in determining when peak bloom happens in 2026.

Heavy winter cold, as experienced this year, tends to delay bloom compared with recent early springs. In contrast, an early warm stretch could push peak bloom earlier — as long as it doesn’t come with subsequent frost.

Look for the green bud stage first. This is when the buds are small, tight, and green, with no sign of petals yet. Trees are still several weeks from blooming.

Tips for Cherry Blossom Visitors

Plan in the “sweet spot” — peak bloom often lasts a few days to about a week, but weather (rain, wind, heat) can shorten that window.

Visit slightly before or after the predicted peak dates for smaller crowds and extended color. Blossoms can be gorgeous even before 70% bloom or as petals begin falling.

Check NPS updates and First Alert Weather forecasts in late March for tweaked peak bloom dates.

The cherry blossoms of Washington, D.C. remain one of the most iconic harbingers of spring in the U.S., and while exact bloom dates vary year-to-year, history and natural patterns point to late March through early April as your best bet for seeing the Tidal Basin in full floral glory.

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