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Because You Deserve the BEST

Welcome to the PORTER HOUSE INTERNATIONAL Realty Group, your premier resource for all real estate information and services. We hope you enjoy your visit to this website and explore everything it has to offer, including real estate listings in the District of Columbia, Maryland and Virginia. There is information for Home Buyers and Sellers, informative Videos and more About Us, your professional REALTORS® in the Washington Metropolitan Area.

Looking for a new home? You can Text the word BEST4ME to 29178 now to speak to our assistant. You can also see our Featured Listings above, or use the Dream Home Finder form and we will conduct a personalized search just for you.

If you are planning to Sell Your Home in the next few months, nothing is more important than to have a real estate expert price your home properly. We would love to help you with a FREE Market Analysis of your home. We are happy to compare the recently sold listings in your community to help you determine the best market value of your home. If you want an immediate appointment simply Text the word BEST4ME to 29178 twenty-four hours a day and one of our assistance will schedule you.

WELCOME!

A Porter House Clients' Testimony

Teaming up with Cheaz & Jasmyen Porter of Porter House Realty was definitely a blessing. They exceeded our expectations and delivered with excellence. We had a contract on our home and needed to find a place to live in a short period of time. We started off with one approach and then changed midstream. The Porters accommodated us and the change midstream seamlessly. Their customer service was on point the entire time. When it came to finding homes to consider, they quickly learned our preferences and tastes and provided us with several options. We could not have researched and seen the properties that met our search criteria without them. Not only did they assist us with finding a home, but during the process, they gave us sound guidance and supported the decisions we made. On top of that, they educated us on the process and all of the players in the process. While we have sold and bought homes before, they provided us insight on some things that we did not know. They made us feel like we were important to them. They were professional and showed us the positive of every situation. We will definitely team up again with them and would recommend them to anyone. Our only regret is that we did not retain them to handle the sale of our current home in addition to helping us find a new home. They were just that good! Completely Satisfied! Damon and Karen McClure
Your brokerage...I really love it! You guys made everything in the home buying process easy to understand. The staff helped me every step of the way. I especially appreciate the way you lead me through this process, being a first-time homebuyer and never having bought a home on my own before. I am really in love with this couple's dynamic too! The Porter's make you feel at home even when just visiting their beautiful office. I highly recommend Porter House International Realty Group. They are AWESOME! Areyon Butler
I started looking to purchase my first home. Having traveled that road in 1996, my interaction with the realtor I had back then left a bad taste in my mouth, and ended in my deciding not to purchase but to stay in the renters’ market. A little gun shy after my initial attempt at home ownership, I moved forward in 2015, by choosing to go with Jasmyen and Cheaz Porter as my Realtor. The comparison in service and customer focus was undeniably night and day. Remax was a machine, only concerned with getting their bottom line met, in contrast, Jasmyen and Cheaz, being very astute in their sector, understood my needs and put them first. They listened, and supported “my” decisions. The first home I selected was a home some realtors did not want to show me, they said “no, it’s a heap”. However, when Jasmyen took me to see the house, which did require a great deal of renovation, she saw my vision and moved to make it happen. The owner of the home was not easy to work with, so I passed on the home. Wouldn’t you know it! Within days Jas and Cheaz had a long list of homes for me to see. They knew my taste, and understood my personality in relation to the type home that would make me feel at home and they remembered that I wanted to eventually use my first home as a rental property. The fourth house their staff member showed me was the one! Perfect, clean, great finishes and enough room for me to put my own stamp on it! Less than 3 months after finding my home, I was moving in! They also helped me find a great Mortgage banker who was able to advise me on the best route to go for financing as a Veteran. From selection, to appraisal, to inspections Title work and banking, the Porters are the power team to work with if you are looking for a starter home, a fixer upper, or your dream home. Great customer focus, awesome listening and directional skills. They never allowed me to become discouraged with anything that seemed to be alarming to me. I felt and feel valued, heard and supported. A year after my purchase, their team and the outside services that support their process have checked in on me and let me know that they are there to help both now and in my future purchases. This is unparalleled service. I am a big customer service person. The Porters are a great product, but their sensitivity to customer needs and wants, their consummate drive to give clients the best home and best experience in home buying is unmatched. Their faith and integrity guides them in all they do. They are the complete package in helping you to find what you want in a home, and understanding the larger implications of homeownership both financially, economically and socially. I love my home, my neighbors, my neighborhood and I love Cheaz and Jasmyen Porter!!! Thank God for such an awesome connection. Dallah Herman
Thank you Porter House International Realty Group for all your help. Thank you for your professionalism. Thank you for being there when I needed somebody most. You are EXACTLY what we need in this world today people that we can trust. The team that you have is Terrific. Ms. Tracey was there every time I called, she had a great spirit on her. She always brightened my day when I spoke to her. She was right on point with all the information that I needed, answered every question, and she always called me right back. That meant a lot to me. God bless Porter House International Realty Group Sincerely! Edward bonds
For the past three (3) years or so my wife and I had been discussing purchasing a new home. Although the reasons varied as to why we both agreed that how we purchased it and with “whom” would be as big of a decision as location and price range. My wife was all in on the search for the “Perfect” home and enrolled in a few mailers that would send her houses for sale. I had one rule, “I am only going to visit and see houses that fit all of our criteria and that she was truly interested in purchasing. I did not want to do weekly treks across the state and compare qualities of different homes. She, on the other hand, would leave the office to do a drive-by and then tell me about her ventures later. I saw that this was going to wear us down and she was growing weary in her search and the “Perfect” house did not present itself. I nudged my wife into meeting my good friend Cheaz Porter and his wife Jasmyen of Porter House International Realty at an event and invoked the conversation with her and them that we were in the market for a new home. My wife said that she would not bother Jasmyen every time she drove to see a house but would call her when her interest was high. Fast forward to June, 2017 my wife found a home in Upper Marlboro, MD that she was very excited about. So excited that I rode there with her and liked it myself. I texted Cheaz from the driveway of the house and he scheduled a visit the next day. Porter House International met us at the home only to find out that the owners had contacted Jasmyen previously to be the listing agent for the home. I said to myself, this is a perfect match because the Porter House International is everywhere. Jasmyen gave us a good offering price with a competitive contingency scale. A week later we found out that the owners went with another offer. On July 16, 2017 we all were attending a family cookout when Jasmyen said she had the perfect home for us and that she was the listing agent. In fact the owners put the house on the market on Friday July 14, 2017. She pulled up pictures of the home on her phone, handed it to me and walked away. My mouth dropped!!!! I handed the phone to my wife and her eye popped out her head. We arranged to see the house on Monday 7/17/17 at 10:00 am and at approximately high noon we made the decision on the driveway of the house to put a contract on it. By 4:30 pm that same day (7/17/17) the contract was ratified!!!! We closed on the house on August 25, 2017. This was the smoothest, no stress, and effortless process ever with Porter House International Realty Group. Jasmyen and Cheaz listened to every detail that we were looking for in a new home and they exceeded expectations and delivered as advertised. If we are ecstatic about this experience how you think the previous owners feel about having their home listed by Porter House International Realty Group, and sold in less than three (3) days. If you are looking for attention to detail, absolute knowledge of the Real Estate Market coupled with a stress-free and effortless experience – Look no further than Porter House International Realty Group. Eric & Diana Konohia
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Real Estate News!!!

Latest Realty News from NAR

How Many Active Listings Can you Afford to Buy in the 100 Largest Metro Areas?

Find out how many of the homes which are currently listed for sale you can afford to buy based on your income.

A typical household earning about $51,000[1] can afford to buy 36% of homes for sales in the United States, according to the REALTORS® Affordability Distribution Curve and Score (RADCS). The tool below, updated with August 2018 data, lets you find out what share of homes, which are currently listed for sale, you can afford to buy in the 100 largest metro areas based on your income.

Select a range that best describes the income that you earn. Hover over the map to see the percentage of homes which are currently listed for sale that you can afford to buy.

Dashboard 1

The NAR Research Group and REALTOR.COM have partnered to conduct an analysis of affordability at different income levels for all active inventory on the market. The result of this analysis, the RADCS, shows that a household needs to earn at least $65,000 to afford more than half of the active housing inventory. Currently, the typical household, earning $51,000 can afford to buy 36 percent of homes for sale. Compared to a year earlier, housing affordability across the United States declined in August. The main reason for the decline is that housing inventory remains very low, causing affordability to weaken in most areas of the country.

Among the 100 largest metro areas, Los Angeles-Long Beach et al., CA was the least affordable metro area in August followed by San Diego-Carlsbad, CA and Oxnard-Thousand Oaks-Ventura, CA. In these metro areas, a household earning about $100,000 can barely afford to buy on average 12 percent of homes currently listed for sale. In contrast, the same household can afford to buy on average more than 90 percent of the housing inventory in Youngstown-Warren et al., OH-PA, Dayton, OH and Toledo, OH.

For more information, view the Realtors® Affordability Distribution Curve and Score data page.


[1] Based on Nielsen’s income distribution data

July 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates rose to 4.75 percent this July, up 14.7 percent compared to 4.14 percent a year ago.

  • Housing affordability declined from a year ago in July moving the index down 8.2 percent from 151.2 to 138.8. The median sales price for a single family home sold in July in the US was $272,300 up 5.2 percent from a year ago.
  • Nationally, mortgage rates were up 61 basis point from one year ago (one percentage point equals 100 basis points).

  • Regionally, the Northeast recorded the biggest increase in home prices at 7.0 percent. The West had an increase of 5.3 percent while the South had a gain of 3.1 percent. The Midwest had the smallest growth in price of 2.5 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 10.3 percent. The West had a decline of 8.3 percent followed by the South that fell 6.8 percent. The Midwest had the smallest drop of 2.2 percent.
  • On a monthly basis, affordability is up from last month in three of the four regions. The Midwest had biggest gain of 7.9 percent. The West had an incline of 2.6 percent followed by the South with an increase of 2.1 percent. The Northeast had the only dip in affordability of 1.1 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 183.6. The least affordable region remained the West where the index was 101.2. For comparison, the index was 143.0 in the South, and 142.2 in the Northeast.

  • Mortgage applications are currently down 1.8 percent and mortgage rates are continuing to rise. Credit availability has declined which is a sign that there is constriction on lending standards. Job creation is up as well as new homes sales. As inventory increases, more buyers are likely to come into the housing market. Home prices are up 4.6 percent while median family incomes are only growing 3.2 percent.
  • What does housing affordability look like in your market? View the full data release here.
  • The Housing Affordability Index calculation assumes a 20 percent down payment and a 25 percent qualifying ratio (principal and interest payment to income). See further details on the methodology and assumptions behind the calculation here.

 

 

 

Homes Typically Sold in 27 Days in July 2018

Amid strong demand compared to homes for sale, REALTORS® reported that properties were typically on the market for 27 days, a shorter time compared to one year ago (30 days) and about the same level during the prior month (26 days), according to the  July 2018 REALTORS® Confidence Index Survey.[1]

During the May–July 2018, properties typically sold within one month in 32 states and in the District of Columbia, with properties selling most quickly in the D.C. metro area (17 days), Utah (19 days), Colorado, Idaho, Michigan, Ohio, South Dakota, and Washington (20 days).

Another indicator of how quickly properties are selling is the days on market on Realtor.com.[2]

In 381 out of 500 metro areas tracked by Realtor.com (76 percent) typically stayed on the market for fewer days in July 2018 compared to their median listing time one year ago, including in high price areas such as Jose-Sunnyvale-Sta. Clara, CA; San Francisco-Oakland-Hayward, CA; Los Angeles-Long Beach Anaheim, CA; San Diego-Carlsbad, CA; Bridgeport-Stamford-Norwalk, CT ; and New York-Newark, Jersey City, NY-NJ-PA. The decline in days on market in many areas indicates that demand is still broadly strong, with demand outpacing homes for sale.

However, there were fewer metro areas that had year-over-year faster selling times compared to July 2017 (395 metros). Metros where properties typically stayed much longer on the market longer in July 2018 compared to one year ago include Vallejo-Fairfield, CA; Madera, CA; Kennewick-Richland, WA; and Bend-Redmond, OR.  

Scroll down the list of metro areas in the interactive table below or hover over the map to view the median number days properties were listed on Realtor.com in July 2018 and one year ago.

Fastest-Selling Markets July 2018

 

[1] In generating the median days on market at the state level, NAR uses data for the last three surveys to have close to 30 observations. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C., may have fewer than 30 observations.

[2] To access Realtor.com data, go to https://www.realtor.com/research/data/.

 

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9701 Apollo Drive Suite 471
Upper Marlboro, MD 20774
(775) BEST4ME: Office
(775) 237-8463
(301) 336-3989: Fax
info@porterhouserealtypros.com
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Text the word BEST4ME to 29178
 

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