Paul Basto Award Winning DC Realtor

2022!!!

I’m so excited to announce that as of January 1st 2023 we formed the Julia and Paul Team. I’m so excited to be working with such an amazing human and growing our business together. Love ya

Happy Birthday Loreno!!

A 212-unit apartment building in Northeast D.C.!

Nonprofit acquires DC luxury apartments for affordable housing - WTOP News The Washington Housing Conservancy has acquired a 212-unit apartment building in Northeast D.C.

The Most Unique Home to Hit the Market in 2022: DC's Narrow House The Narrow House along Foxhall Road lives up to its name.

Take a look!

UrbanTurf Listings: New This Week UrbanTurf Listings is a premium property listings service that showcases some of the most appealing for-sale homes from across the DC metropolitan area. Every week we will display the newest additions from the previous seven days. After the jump are this week's newest properties for sale.

Bisnow reported earlier this week that DC-based developer District Growth had acquired a row of low-slung properties at 1000-1016 H Street NE with plans for a 70-80 unit development!

A First Look at 70-80 Unit Development Planned for H Street Corridor It has been awhile since we have seen any new residential development pitched for the H Street Corridor, but an 80 unit residential development will change that.

Long-term mortgage rates dropped for the sixth straight week on Thursday!

Mortgage Rates Drop For Sixth Straight Week Long-term rates are now well below their recent highs.

The restaurant, designed by New York-based design firm Roman and Williams, would have a variety of different components including a mozzarella bar, a prosciutto bar and a large oval cocktail bar, as well as a small Italian marketplace!

The Most Hyped Restaurant Arrival in 2023 If you like Le Diplomate, you will probably love Osteria Mozza.

Jair Lynch Real Estate Partners has plans in the works for a development that will bring 585 new residential units to an assemblage of seven lots along the 600 block of Rhode Island Avenue NE!

Raze Applications Pave Way For 585-Unit Development on Rhode Island Avenue Jair Lynch Real Estate Partners has plans in the works for a development that will bring 585 new residential units to an assemblage of lots across from the Rhode Island Metro.

Check these out!

Best New Listings: Savory Suites This week's Best New Listings includes a seven-bedroom townhouse in Woodley Park and a refurbished colonial in Mount Rainier.

As home flipping profits fell in many metropolitan areas in the third quarter, DC remained near the top of the list for gross profits!

With Profits Still High, Three DC Zip Codes Lead Way on Home Flipping Even as the volume of home flipping has dropped, there are still pockets of the city where it remains prevalent.

After falling for a month, mortgage demand is back on the rise as interest rates drop!

Mortgage Demand Creeps Higher As Rates Move Lower Mortgage applications rose 3.2% last week from the previous week, according to the Mortgage Bankers Association (MBA).

The church recently submitted plans to DC for a mixed-use building with 31 apartments and 2,000 square feet of retail space on the surface parking lot at 2026 Jackson Street NE!

DC Baptist Church Plans 31-Unit Residential Development in Brookland New Macedonia Baptist Church recently submitted plans to DC for a mixed-use building on a parking lot on Jackson Street NE.

The YMCA, along with residential partners Orr Partners and Republic Properties, recently presented their plans to the Arlington County Site Plan Review Committee for a new YMCA campus at 3400 13th Street N as well as a new 374-unit residential building!

Renderings Revealed: A Look at the New YMCA and 374-Unit Development in Virginia Square The YMCA and residential partners Orr Partners and Republic Properties recently presented their plans to the Arlington County Site Plan Review Committee.

The least expensive markets in 2022, as has been the case in years past, are split between opposite sides of the city!

$415,000 And Less: DC's Five Most Affordable Markets in 2022 Today, UrbanTurf is looking at the five DC neighborhoods that have been the most affordable to homebuyers this year.

The exception is one of the biggest in the tax code — for a single person, up to $250,000 in profit is exempt from obligations to Uncle Sam. If married and filing jointly, that threshold goes up to a comfortable $500,000 exempt from taxation!

First-Timer Primer: Taxes and Profit from Selling a Home Here's what you need to know about reporting profit made from the sale of your home.

Take a look at the DC neighborhoods that have seen the highest home price appreciation in 2022!

The 9 DC Neighborhoods That Saw Home Prices Rise the Most in 2022 (And Why) As we approach the end of the year, UrbanTurf is taking a final look at the DC neighborhoods that have seen the highest home price appreciation in 2022.

Sales are now underway for The Collection at R Street: a rare residential enclave of 21 elegant condominiums and rowhomes on a quiet tree-lined street in the heart of Shaw!

Sales Launch for Shaw's Most Unique New Luxury Development The Collection at R Street is a rare residential enclave of 21 elegant condominiums and rowhomes on a tree-lined street in the heart of Shaw.

The proposed development would deliver 430-440 studio to two-bedroom units,15,000-18,000 square feet of retail/service uses, and a new Metro zone adjacent to the Metro station to provide improved Metrobus and Metrorail operations!

435 Apartments, Open Space and Climbable Art: A Detailed Look at the Plans For the Takoma Metro Eights month after a new proposal to redevelop part of the Takoma Metro station was pitched, the public can now get a real sense of the new development coming to the site.

The development for four parcels near First Street and N Place SE at The Yards from Brookfield Properties and the Menkiti Group will deliver 671 residential units across two buildings, 40,000-49,000 square feet of retail, and a large waterfront park!

Renderings Revealed For Huge, New Residential Development Next to Nats Park The development for four parcels at The Yards from Brookfield Properties and the Menkiti Group will deliver 671 residential units across two buildings.

Here are a few of the small DC neighborhoods where home prices have risen the most in 2022!

The Small DC Neighborhood Where Home Prices Have Risen the Most in 2022 Foxhall is a DC neighborhood bordered by Reservoir Road, Foxhall Road, Glover Park, and P Street NW that is home to houses ranging from smaller Tudor rowhomes to large, detached houses.

Long-term mortgage rates dropped significantly this week as the result of reports that inflation is easing!

Mortgage Rates See Biggest Drop in 40 Years, Fall to 6.61% Long-term mortgage rates dropped significantly this week as the result of reports that inflation is easing.

The 7 Zip Codes in the Virginia Suburbs With the Highest Home Price Appreciation in 2022 The zip codes that are home to parts of Alexandria and McLean top the list.

There are interesting conversion plans in the works for an aging downtown DC office building, check them out!

Mix of Stays: Hybrid Residential Project Pitched For K Street Office Building Placemakr has plans to convert the 1960s office building into a mixed-use project that will offer hybrid lodging as well as traditional apartments.

The homes measure at 1,845 to 2,074 square feet and can be personalized with either three or four bedrooms; the addition of a private study for telework and a loft for entertaining; and the choice of a one-car garage or a larger, extended garage!

The 50 Luxury Townhomes Coming Soon to The Parks at Walter Reed Aspen Square is the newest residential development coming to DC’s The Parks at Walter Reed, one of the city’s greenest and most innovative neighborhoods.

News last week that showed inflation easing sent mortgage rates back down. The average rate on the 30-year fixed plunged 60 basis points from 7.22% to 6.62% on Thursday!

DC-Area Homebuyers Put on the Brakes in October, But That Might Be Temporary Following the trend of recent months, home sales in the DC region sunk in October. But recent moves in interest rates may result in that drop being relatively short-lived.

The second phase of a two building apartment project that has been in the works for years in Southwest DC may be one step closer to reality!

187-Unit Development on the Boards in Southwest DC Looks For Key Approval The second phase of a two building apartment project that has been in the works for years in Southwest DC may be one step closer to reality.

Nearly 200 homes sold for above $2.5 million in the city between January and the beginning of October!

$2.5 Million and Up: Luxury Home Sales Have Doubled in DC Since 2020 It is looking to be a very good year for pricey real estate in DC, even with the slowdown over the last few months.

Take a look at the close-in Maryland zip codes where prices have risen the most!

The 9 Zip Codes in the Maryland Suburbs With the Highest Home Price Appreciation in 2022 The zip codes that are home to Brentwood, Takoma Park and sections of Hyattsville topped the list.