About Bethesda's Chevy Chase

Chevy Chase home for sale $2,550,000 move in ready for you! Chevy Chase Maryland is located between Bethesda and Washington DC. The town was incorporated in 1918. It's location offers easy access to downtown Washington DC and most Federal Offices.  Chevy Chase is sought after by buyers seeking a suburban lifestyle, with highly ranked public schools and easy access to DC.

3715 Williams Lane

$2,550,000

The feature home is this 4 year old custom built detached home. The home was built under the "old zoning" guidelines and features 6 bedrooms, 7 full baths and two half baths.  It is situated on a little more than one third of acre wonderfully wooded lot.  A tour of the home reveals expert craftsmanship throughout.  The heart of the home is the kitchen and this one is a gourmet's delight featuring Viking appliances.  The "man cave" is actually a theater with projection equipment and right down the hall there is room for a billiards table. If  you are in the market to purchase a home such as this one, make an appointment to visit here.

There are several other homes available for sale in Bethesda priced from $485,00. You can view these homes by clicking on this LINK.

We are Lourdes Tudela and John MacArthur, ReMax Realty Centre, and we would love to assist you with your home search in the Chevy Chase area.  We welcome visitors to our website  www.241agents.com

Lourdes and John

301-509-5111

It appears relative calm has descended on the long-suffering housing market, especially when it comes to price movement. For months now home values have shown signs of stability, and even moderate increases in some areas. Real estate observers of course like to see that but are generally unconvinced that a sustainable real estate recovery is imminent. Too many hazards remain in its way, among them the still notable oversupply, a weak job market and the potential of many more mortgage walk-aways.

Yes, that walk-away - a term that has finessed its way into today's popular real estate vocabulary - where a homeowner who can afford to make his home loan payments chooses instead to take a hike due to being severely upside down. This is the standard definition of it.

Walk-aways represent 15-35% of present delinquencies, according to housing industry estimates. The range is wide because it is hard to really figure out who can afford to make the mortgage payments and who can't. But really, what does it matter; walk-away is a walk-away regardless of the mortgage borrower's finances.

As things stand, the mortgage walk-away trend is likely to shift into a higher gear for the foreseeable future. There are quite a few reasons why so. Any intermediate-term price appreciation will be modest at best, leaving people in the suffocating embrace of negative equity for much longer than they feel comfortable with. They understandably start thinking of their options. If prices backtrack some more - as some real estate experts confidently predict - the decision will be easy. HAMP and other private mortgage provider modification programs are helping to some degree in alleviating pressures on struggling homeowners, but many don't qualify. They see an alternative in walk-aways.

In addition, the shame that has been associated with mortgage foreclosures and walk-aways is gradually dissipating. More people are tackling their distress from a financial survival standpoint instead of what the prevailing moral obligation calls for. They are making decisions based on what's best for them and their families. This is also made easier as mortgage lenders now are increasingly being perceived as being responsible for the housing wreckage.

These developments inevitably point toward the mortgage walk-away problem getting worse from here on out. For how long is impossible to say. It is going to cause trouble, however, for any durable real estate market turnaround hopes.