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Displaying blog entries 11-20 of 23

How fun would this be? Adorable girl gets to "drive" a monster truck-

by Amy & Mike King

Watch this video of an adorable little girl using a remote to "drive" an indestructible truck through a test course.  Hope it brings a smile!

Federal Reserve moves on interest rates - finally

by Amy & Mike King

An excerpt from an MSN article:

Some Mortgage Rates Will Rise

Contrary to popular belief, not all mortgage rates are directly related to the decisions of the Federal Reserve Board. Adjustable rate mortgages and home equity lines of credit will be most impacted by the Fed rate hike, but most 30-year, fixed-rate mortgage rates are based on the 10-year Treasury bond, according to The New York Times. Prices are determined according to a number of factors, including long-term economic growth, inflation outlook and short-term interest rates.

If you have an ARM that currently has annual readjustments or will soon, you might want to consider refinancing it to a fixed-rate mortgage now because doing so could save you a significant amount of money in the future. Conversely, if your adjustable-rate mortgage rate is locked in place for a few years, it’s probably best to wait and see what the future holds.

HELOCs will likely rise with the Fed funds rate to an approximate average of 5.5 percent, reported The New York Times. Locking in a fixed rate tends to result in a rate increase, so take the size of your loan and the amount of time you plan to pay it off into consideration before making a move.

Quote - what are you planning?

by Amy & Mike King
  • "Whatever you’re thinking about is literally like planning a future event. When you’re worrying, you are planning. When you are appreciating, you are planning… What are you planning?” – Abraham-Hicks

We're so lucky to love what we do for a living!

by Amy & Mike King

Networking event 12/10/15 at Bethesda Blues & Jazz Supper Club

by Amy & Mike King

Enjoyed a beautiful evening at the University of Maryland networking event at the Bethesda Blues and Jazz Supper Club!

Update on the development in Glenmont and Wheaton

by Amy & Mike King


Glenmont Metrocentre 

There was a representative from the Glenmont Metrocentre project at Layhill and Glenallan across from the Metro station. The activity that we see is phase 1 of the project, being developed by Winchester Homes. Phase 1 consists of 100+ townhomes on the east side of the site. Winchester expects to have the models up and open in time for the Spring selling season. Once those are built, they will continue along Glenallan Avenue and then fill in the homes behind those up to the rail yard. The large pile of dirt that you can see from Layhill is temporary. They are storing dirt from the first part of the project that they will use in the second part. 

Phase 2 of the project add some townhomes and a couple of multi-family apartment buildings along Glenallan. It will be built by NVR Homes. On December 10th, there will be a hearing at the Planning Commission to cover the site plan for phase 2. 

Phase 3 of the project is on the west side to the project along Georgia. That phase has additional housing and 90,000SF of retail. The developer’s goal is to get a grocer at the site (about 50,000SF). They have been talking with Harris Teeter but that part of the project is still several years away. 

Plaza Del Mercado 

Work has begun on the demolition of the buildings on the portion of the site for LA Fitness and Aldi’s. The work is internal and focused on removing utilities right now, so you can’t see the work. 

Wheaton Library/Recreation Center Redevelopment 

Redevelopment of the site will begin this March to replace both the Library and the Recreation Center. You can learn more about the project at the link. 

Avalon Bay Apartments in Wheaton 

This project will replace the former Equitable Bank building at Georgia and Blueridge at the northern edge of the Wheaton Central Business District with a 325 unit apartment building. Demolition of the old Equitable Bank building has begun. We learned that apartment leases in the new buildings in Wheaton are going well. The Solaire Wheaton building, just south of the LA Fitness, is fully leased. Leasing in the much larger Safeway building is going well but is not as far along. 

Grade Separation at Georgia and Randolph 

The project continues to go well. It will not be completed until the Spring of 2017, so we still have a long way to go. 

Glenmont Fire Station 18 

This is the new fire station to replace the one that was torn down to make way for the grade separation at Georgia and Randolph. Its located just south of Randolph on the west side of Georgia Avenue. Construction has begun and should be finished this summer. 

*************** 

All is all, it’s a lot of investment in our neighborhood. Its nice to be getting the attention. But no progress on any redevelopment of Glenmont Shopping Center. The hope is that the new housing at Glenmont MetroCentre sells well and demonstrates the potential here for the large investments needed to redevelop Glenmont Shopping Center." 

Thanks again to John Bogasky for putting this together. 

Regards, 

Josh Goodman 

President, Glenmont Exchange

Encouraging quote

by Amy & Mike King

Your time is limited, so don’t waste it living someone else’s life. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition… Stay hungry. Stay foolish.” – Steve Jobs, Stanford University, 2005

There are plenty of good people in the world

by Amy & Mike King

There's a lot of bad news in the world, but there are still more good people than bad.  Check out this video of fraternity helping young girl with cancer

Pay it forward

by Amy & Mike King

It's always a good time to sell in the Washington Metro area

by Amy & Mike King

The holidays are upon us, and this is usually a slower time in real estate.  However, we're lucky to be in a transient, metropolitan area.  If your home is priced right, and is updated an clean, we can get it sold!

We're hoping this holiday season is peaceful for you.  

Displaying blog entries 11-20 of 23

Contact Information

Photo of Amy & Mike King Real Estate
Amy & Mike King
King Real Estate, Inc.
15308 Morningmist Ln
Silver Spring MD 20906
Amy's cell: 301-467-1877
Mike's cell: 301-467-5677
Fax: 301-598-1446