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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

March 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.42 percent this March, up 8.2 percent compared to 4.28 percent a year ago.

  • Housing affordability declined from a year ago in March moving the index down 7.0 percent from 150.4 to 161.7. The median sales price for a single family home sold in March in the US was $252,111 up 5.9 percent from a year ago.
  • Nationally, mortgage rates were up 35 basis point from one year ago (one percentage point equals 100 basis points), while median family incomes rose 2.7 percent.

  • Regionally, the West recorded the biggest increase in price at 8.5 percent. The South had an increase of 6.0 percent while the Midwest had a gain of 5.1 percent. The Northeast had the smallest incline in price of 3.5 percent.
  • Regionally, all four regions saw a decline in affordability from a year ago. The West had the biggest drop in affordability of 9.2 percent. The South had a decline of 7.3 percent followed by the Midwest with a drop of 5.7 percent. The Northeast had the smallest drop of 2.7 percent.
  • On a monthly basis, affordability is down from last month in all four regions. The West had a decline of 4.7 percent followed by the Northeast with a dip of 5.6 percent. The South had a drop of 5.9 percent followed by the Midwest, which had the biggest; dip in affordability of 8.6 percent.
  • Despite month-to-month changes, the most affordable region was the Midwest, with an index value of 194.7. The least affordable region remained the West where the index was 105.6. For comparison, the index was 151.8 in the South, and 163.5 in the Northeast.

  • Mortgage applications are currently down 2.5 percent. Mortgage credit availability in April was flat. Rates are rising which will increase-housing costs. Home prices are up 5.9 percent while median family incomes are only growing 2.7 percent. Inventory gains will help ease the pressure on home prices.
  • 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.

More Properties Were Sold at or Above the List Price in March 2018

In a monthly survey of REALTORS®, the survey asks, “Compared to the original listing price, at how much of a net discount or net premium did the property sell?”

According to a survey of REALTORS® who responded to the March 2018 REALTORS® Confidence Index Survey, 37 percent of properties that closed in February 2018 sold at or above the list price. One year ago, 35 percent sold at or above the list price, and during the months of January in 2012 through 2015, about one in four sold at or above the list price. Buyer demand continues to outpace supply of homes being listed for sale in the market, sustaining the upward pressure on home prices.

According to respondents who reported closing a sale, 17 percent of properties sold at a net premium in March 2018, an increase from the nine percent share in 2014 and 2015. Of properties that sold at a premium, 87 percent sold at 101 to 110 percent of the list price, seven percent were sold at a premium of 11 to 20 percent, and five percent were sold at more than 20 percent premium.

The price distribution continues to skew to the right. In 2012, 34 percent of properties were typically listed at $150,000 in 2012, but as of March 2018, only 22 percent of properties listed were typically at this price level.[1]

Use the data visualization below to view the median listing price of properties listed on Realtor.com in March 2018. Red areas are areas where the listing price is higher than the U.S. median sales price of all existing homes sold in March 2018, at $250,400. Hover on the map to see the distribution of listing prices from June 2012 through March 2018 on Realtor.com data.

 

Dashboard 4

 


 

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

 

 

REALTORS® Expect Home Prices to Increase by Four Percent in the Next 12 Months

In a monthly survey of REALTORS®, respondents are asked “In the neighborhood(s) or area(s) where you make the most sales, what are your expectations for residential property prices over the next year?

Among the respondents, the median expected price change is four percent. The chart below shows median expected price change by state based on survey responses collected during January–March 2018[1], according to the  March 2018 REALTORS® Confidence Index Survey

Respondents from the states of Washington, Oregon, Idaho, Nevada, Utah, Wyoming, Colorado, Rhode Island, and the District of Columbia expect the highest price growth in the next 12 months, with the expected median price growth at more than five to nearly eight percent. Respondents from California, Arizona, Wisconsin, Michigan, Tennessee, South Carolina, Florida, and New Hampshire also expect strong price growth, with the median expected price growth in the range of more than four to five percent.

House prices have increased steeply since 2012 compared to the growth in income. Nationally, U.S. home prices rose 44 percent during the period 2012 Q1 –2017 Q4, based on the FHFA Home Price Index expanded, not seasonally adjusted data set.[2] Meanwhile, personal per capita income only increased by 17 percent during this period. Strong demand because of employment growth, historically low interest rates (though slowly creeping up), and inadequate home building (though steadily rising) have all contributed to the steep price increase since 2012.

According to Realtor.com data, listing prices were higher in March 2018 compared to one year ago in many metro areas, even in areas where prices are at or near the $1 million level, such as San Jose-Sunnyvale-Sta. Clara (+31%) and San Francisco-Oakland-Hayward (+6%). However, the median listing price decreased in Sta. Maria-Sta. Barbara (-28%) and Napa (-15%).

In high tax areas that were the most affected by the $10,000 total limit on deductions for property, state, and local income taxes, prices are still rising, such as in New York, Newark-Jersey City (+13%), Bridgeport-Stamford-Norwalk (+10%), New Haven-Milford (+5%), and Hartford (+4%).

Use the data visualization below to view the change in median listing prices in March 2018 from one year ago. Red areas are areas where prices rose compared to one year ago. Hover on the map to view the historical median listing prices of properties listed on Realtor.com from June 2012 through March 2018.[3]

Dashboard 1



[1] Because each month’s survey asks about the outlook in the next months, the responses collected from January-March 2018 covers the outlook for January 2018-March 2019.

[2] The FHFA HPI is a repeat price index. The expanded data set includes county recorder data set. See https://www.fhfa.gov/DataTools/Downloads/pages/house-price-index.aspx

[3] Realtor.com data is freely available and can be download from https://www.realtor.com/research

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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
Because You Deserve The BEST!

Text the word BEST4ME to 29178
 

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