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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

Workforce Migration and Affordability: A Closer Look

The workforce is moving to less affordable areas.

– In the last 12 months, more than 1.7 million LinkedIn members who lived in the 20 largest metropolitan areas moved from a more affordable place to a less affordable place.

– Denver, San Francisco and Seattle were the top destinations for LinkedIn members.

Although housing affordability is still weakening in many local areas, particularly in the West, as a result of the ongoing supply and demand imbalances, a NAR analysis shows that many workers are actually moving to less affordable areas such as San Francisco and Seattle. According to LinkedIn migration data[1], more than 1.7 million LinkedIn members[2] moved to a less affordable area in the last 12 months. In 13 of the largest 20 areas, a majority of the workforce moved from a less expensive place to a more expensive place.

For instance, the San Francisco area was the most popular destination for workers moving from Detroit. More than 36,000 LinkedIn members from Detroit moved to the San Francisco area in the last 12 months. Based on the REALTORS® Affordability Distribution Curve and Score (RADCS), the affordability score for Detroit was 0.95 in September 2018 while the affordability score for the San Francisco area was 0.48. But what does this mean? The higher the score, the more affordable the area is. For example, a household earning $100,000 in Detroit can afford to buy 72% of homes currently listed for sale while the same household can afford to buy only 8% of homes for sale in San Francisco area.

San Francisco was also the top destination for workers from Philadelphia. Although Philadelphia is more affordable than San Francisco, nearly 27,000 LinkedIn members moved from Philadelphia to San Francisco in the last 12 months. The visualization below allows you to compare the affordability of the area of origin with the affordability of the destination area. Among the 20 largest areas, see in which areas workers decided to move to a less affordable place. Please bear in mind that the higher the score, the more affordable the area is.

While people in general are moving less these days, we also see that fewer people move for an employment-related reason. However, due to a strong economy, it seems that people get better jobs and decide to move to the most attractive areas across the United States.  The good news is that new construction is increasing even in areas with serious housing supply issues. For example, the three-year issuance of single-family permits increased 2 percent in the San Francisco metro area. Based on the NAR Housing Shortage Tracker, when we compare permit issuance with employment growth, we see that in November 2018 a single-family permit was issued for every 12 new jobs compared to 15 jobs in November 2017.


[1] LinkedIn Workforce Report (October 2018).

[2] From the 20 largest areas as far as LinkedIn membership.

In Which States Did Properties Sell Quickly in September 2018?

In a monthly survey of REALTORS®, respondents reported that properties were typically on the market for 32 days (34 days on year ago), according to the  September 2018 REALTORS® Confidence Index Survey.[1]  However, the difference in median days in the current month compared to the same month last year has started to narrow as homebuying demand has eased and the inventory of homes for sale has slightly increased. In January and February of this year, properties were selling about one week less compared to the length of time in the same period one year ago.

During the July–September 2018, properties typically sold within one month in 27 states (32 states in August 2018).  Properties sold most quickly in South Dakota (20 days), Idaho (21), Washington (21 days), Rhode Island (21 days), Indianapolis (22 days), Kansas (23), Massachusetts (23), Ohio (23), Utah (23), Colorado (24), Nevada (24), Nebraska (24), Maine (24), and Michigan (24).  

That properties are still selling faster compared to one year ago is an indication that the supply of homes for sale is still inadequate compared to the demand for homes. Based on the REALTORS® Seller Traffic Index[2], home selling conditions were “weak” during July, August, and September 2018 compared to one year ago in the District of Columbia and in 28 states including California, Oregon, Colorado, New York, New Jersey, Massachusetts, Virginia, North Carolina, South Carolina, Georgia, Tennessee, and Florida.

 


[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] An index greater than 50 means that more respondents reported conditions relative to one year ago as “strong” than those that reported “weak.” Due to sampling, we categorize the index as “very weak” for 0 to 25; “weak” for values 25+ to 45; “stable” for values 45+ to 55; “strong” for values 55+ to 75; and “very strong” for values 75+.

September 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 4.77 percent this September, up 14.9 percent compared to 4.15 percent a year ago.

  • Housing affordability declined from a year ago in September moving the index down 8.4 percent from 160.1 to 146.7. The median sales price for a single family home sold in September in the US was $260,500 up 4.6 percent from a year ago.
  • Nationally, mortgage rates were up 62 basis point from one year ago (one percentage point equals 100 basis points).

  • The payment as a percentage of income was down to 17 percent this September but up from 15.6 percent from a year ago. Regionally, the West has the highest payment at 23.7 percent of income. The South had the second highest payment at 16.5 percent followed by the Northeast at 16.4 percent. The Midwest had the lowest payment as a percentage of income at 13.5 percent.

  • Regionally, the West recorded the biggest increase in home prices at 7.0 percent. The Northeast had an increase of 5.3 percent while the South had a gain of 4.2 percent. The Midwest had the smallest growth in price of 2.2 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The Northeast had the biggest drop in affordability of 9.0 percent. The South had a decline of 7.3 percent followed by the West that fell 6.8 percent. The Midwest had the smallest drop of 5.8 percent.
  • On a monthly basis, affordability is up from last month in all of the four regions. The Northeast had biggest gain of 5.5 percent. The Midwest had an incline of 4.2 percent followed by the South with an increase of 2.3 percent. The West had the smallest gain in affordability of 1.9 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 185.3. The least affordable region remained the West where the index was 105.4. For comparison, the index was 151.4 in the South, and 152.3 in the Northeast.

  • Mortgage applications are currently down. Mortgage rates are rising and home price growth is starting to slow down. Despite higher mortgage rates, lower home prices and increases inventory levels will help renters and potential home buyers enter the housing market. Home prices are up 4.6 percent outpacing median family incomes that are growing 3.1 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.

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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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