Kim Le - Real Estate Agent

Kim Le - Real Estate Agent Kim Le is a licensed Real Estate Agent serving Northern Virginia, DC, and Maryland. She is based out of Arlington.
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Kim Le is a licensed Real Estate Agent serving Northern Virginia, DC, and Maryland. She is based out of Arlington with Pearson Smith Realty. Virginia License #0225210206 Washington DC License #SP98374777 Maryland License #661008

Coming Soon to Glover Park! Great starter home in one of DC's most beautiful neighborhoods! Photos and virtual tour belo...
04/28/2020
3925 Davis Pl NW #103

Coming Soon to Glover Park! Great starter home in one of DC's most beautiful neighborhoods!

Photos and virtual tour below. Contact me for more details!

http://homes.btwimages.com/listing-preview/25233911

Bright and beautiful LARGE 1 bedroom 1 bath condo in Glover Park! While on "first floor", condo sits two stories above street level facing courtyard. Stunning original details include arched doorways, crown molding, and an office nook. Updated with fresh paint, hardwood floors, granite countertops,....

What an honor! Thank you to the amazing people in my life for making it possible (you know who you are)!
04/18/2020

What an honor! Thank you to the amazing people in my life for making it possible (you know who you are)!

With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country ...
04/15/2020

With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question.

Many of us experienced financial hardships, lost homes, and were out of work during the Great Recession – the recession that started with a housing and mortgage crisis. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the country.

Let’s look at five things we know about today’s housing market that were different in 2008.

1. Appreciation

When we look at appreciation in the visual below, there’s a big difference between the 6 years prior to the housing crash and the most recent 6-year period of time. Leading up to the crash, we had much higher appreciation in this country than we see today. In fact, the highest level of appreciation most recently is below the lowest level we saw leading up to the crash. Prices have been rising lately, but not at the rate they were climbing back when we had runaway appreciation.

2. Mortgage Credit

The Mortgage Credit Availability Index is a monthly measure by the Mortgage Bankers Association that gauges the level of difficulty to secure a loan. The higher the index, the easier it is to get a loan; the lower the index, the harder. Today we’re nowhere near the levels seen before the housing crash when it was very easy to get approved for a mortgage. After the crash, however, lending standards tightened and have remained that way leading up to today.

3. Number of Homes for Sale

One of the causes of the housing crash in 2008 was an oversupply of homes for sale. Today, as shown in the next image, we see a much different picture. We don’t have enough homes on the market for the number of people who want to buy them. Across the country, we have less than 6 months of inventory, an undersupply of homes available for interested buyers.

4. Use of Home Equity

The chart below shows the difference in how people are accessing the equity in their homes today as compared to 2008. In 2008, consumers were harvesting equity from their homes (through cash-out refinances) and using it to finance their lifestyles. Today, consumers are treating the equity in their homes much more cautiously.

5. Home Equity Today

Today, 53.8% of homes across the country have at least 50% equity. In 2008, homeowners walked away when they owed more than what their homes were worth. With the equity homeowners have now, they’re much less likely to walk away from their homes.

Bottom Line

The COVID-19 crisis is causing different challenges across the country than the ones we faced in 2008. Back then, we had a housing crisis; today, we face a health crisis. What we know now is that housing is in a much stronger position today than it was in 2008. It is no longer the center of the economic slowdown. Rather, it could be just what helps pull us out of the downturn.

Credit: William Lombardo and Keeping Current Matters Article

Day 25 of Quarantine: I’ve lost all concept of portion control and serving size.
04/11/2020

Day 25 of Quarantine: I’ve lost all concept of portion control and serving size.

We are still working hard to get you into the house of your dreams...safely!
03/25/2020

We are still working hard to get you into the house of your dreams...safely!

It has been a goal of mine for the last couple years to get the much coveted Realtor seat in Business Network Internatio...
02/12/2020

It has been a goal of mine for the last couple years to get the much coveted Realtor seat in Business Network International (BNI). Today I was inducted into their DC Chapter and am really excited for the opportunities a head!

If you’re a small business owner like me and are looking for support, networking opportunities, and referral business - contact me to see how we can help you grow your business!

Six years ago, Chuck and Eric started a Real Estate company and drove around Northern Va looking for strays with “potent...
02/07/2020

Six years ago, Chuck and Eric started a Real Estate company and drove around Northern Va looking for strays with “potential”. They rescued @dustinmfox and I from the mean streets of Loudoun County, cleaned us up, and taught us how to sell homes. Today, with now over 1000 agents, Dustin and I are lucky enough to still be standing together as Top 25 in our brokerage. Thanks for believing in us @eric_a_pearson and @gl.chuck.smith!

We are giving away a $300 Amazon gift card this month! Click on the link to enter (don't worry, we won't spam you). This...
02/04/2020
PSR's December Client Raffle

We are giving away a $300 Amazon gift card this month! Click on the link to enter (don't worry, we won't spam you). This is our most sought after giveaway each year!

https://docs.google.com/forms/d/e/1FAIpQLSephww3Rx7Awp1hW-uNhi1OaW0Ot2IWhjI1vBM_YjbSYBFLRg/viewform

To thank all of our past clients, family, and friends we send out a monthly raffle to all of our VIP's! Each month you will have the opportunity to enter and win big, all you have to do is submit your name and email. *Winners are chosen via random number generator. All entries are deleted once winne...

This month marks my 7th year in real estate and I wanted to celebrate by renting out an entire theater and inviting my c...
01/26/2020

This month marks my 7th year in real estate and I wanted to celebrate by renting out an entire theater and inviting my clients to go see Bad Boys for Life with me! I wouldn’t be able to keep doing what I love for this long without the support of my clients, friends and family! Thank you for coming out and nearly filling the entire theater. Per usual, I wish I took more pictures but here are a few!

Thank you Trey Reed with MVB Mortgage and Ryan Koppel with Champion Title for helping to make the event possible!

Don’t wait until the spring to start your home search! We are already seeing multiple offer situations in nearly every m...
01/13/2020
Competition for housing is so high, the spring market is starting now

Don’t wait until the spring to start your home search! We are already seeing multiple offer situations in nearly every market in the DMV.

https://www.cnbc.com/2020/01/02/competition-for-housing-is-so-high-the-spring-market-is-starting-now.html?__source=sharebar%7Cfacebook&par=sharebar

The severe shortage of homes for sale is upending the sales calendar for the whole housing market. Spring has historically been the busiest buying season, but as competition for homes heats up across the country, January is the new April. Spring starts now.

Kim Le - Real Estate Agent's cover photo
01/12/2020

Kim Le - Real Estate Agent's cover photo

Congrats to the Kartchner family on winning my Enchantment giveaway! Adorable family!
12/28/2019

Congrats to the Kartchner family on winning my Enchantment giveaway! Adorable family!

Happy Holidays from Our Family to Yours.
12/15/2019

Happy Holidays from Our Family to Yours.

Enchant Christmas is a spectacular lights maze and holiday market that only arrives in a handful of US cities each year....
12/05/2019

Enchant Christmas is a spectacular lights maze and holiday market that only arrives in a handful of US cities each year. This year, we are lucky enough to have it right here at Nats Park -- so of course I had to coerce my entire family to go with me! I recently posted videos and pictures from my visit and got flooded with questions as to whether it was worth going or not. It was a little cold and getting there can be hectic, but it's a famiy memory I am going to cherish forever. Also, my nieces and nephews had a blast so yes, it was worth it!

I want to give another family the chance to create their own memories so this month I will be giving away a family four pack of tickets to Enchant Christmas (up to 2 adults and 2 children)! It runs until December 29 so you can choose the date and time that works best for you. Just send me an email by December 10 to enter. Of course, our regular raffle always available and runs until the end of the month. This month we are giving away a $300 Ruth's Chris Steak House gift card so you definitely want to enter both!

Email me at [email protected] to enter one or both!

https://enchantchristmas.com/

Client Appreciation Night at Nats Park! I didn’t take as many pictures as I wanted, but I hope everyone had a great time...
09/14/2019

Client Appreciation Night at Nats Park! I didn’t take as many pictures as I wanted, but I hope everyone had a great time!

Congrats to these besties who just bought nearly identical homes on the same street! This is adulting goals!
09/13/2019

Congrats to these besties who just bought nearly identical homes on the same street! This is adulting goals!

This beauty is hitting the market September 5th! 5 Bedrooms 3.5 Baths 2 Car Garage on a .9 Acre Secluded Lot! What more ...
08/29/2019

This beauty is hitting the market September 5th!

5 Bedrooms 3.5 Baths 2 Car Garage on a .9 Acre Secluded Lot! What more can you ask for?

9817 Moyer Road, Damascus, MD 20872

Offered at $469,000

If you own a home and haven't looked into solar energy, now is the time! The federal tax credit will be reduced from 30%...
08/21/2019
Solar Initiatives | ddoe

If you own a home and haven't looked into solar energy, now is the time! The federal tax credit will be reduced from 30% to 26% in 2020! DC in particular has one of the most generous incentives -- many residents end up getting it installed for free! Contact me if you are interested in learning more!

https://doee.dc.gov/service/solar-initiatives

The District’s Sustainable DC initiative establishes goals and targets for responding to climate change, including a commitment to reducing greenhouse gas emissions by 50% below 2006 levels by 2032 and 100% by 2050.

This is one of the first investment properties I sold in DC! It has been amazing to see the transformation from beginnin...
08/12/2019

This is one of the first investment properties I sold in DC! It has been amazing to see the transformation from beginning to end, and witness the love and care my client has put into her first “flip and hold” project. This family has since purchased four other properties, and putting this beauty up for rent at $2400/mo. PM me for the deets!

Second year in a row! Thanks @washingtonianmag for the recognition!
06/27/2019

Second year in a row! Thanks @washingtonianmag for the recognition!

Under contract in under 24 hours!
06/14/2019

Under contract in under 24 hours!

05/15/2019

Coming Soon! A true masterpiece inside the beltway!

Congratulations to my long time client Poysee for winning my spring time raffle! This month I gave away a $100 gift card...
04/29/2019

Congratulations to my long time client Poysee for winning my spring time raffle! This month I gave away a $100 gift card to Target! This was Poysee's first time playing too!

Want to be added to my quarterly and monthly raffles? Just PM me your info!

04/08/2019

Hot an Happenin' Things To Do in DC This Spring!!

1- It’s not too late to experience the National Cherry Blossom Festival!

Now through April 14
Various locations

Citywide festival that celebrates the 1912 gift of 3,000 cherry blossom trees to Washington, DC by the mayor of Tokyo. The festival features a range of spectacular events, from its eponymous kite extravaganza on the National Mall to fun cultural experiences like sake tastings.

Cost: Event costs vary, but many are free.

2- Emancipation Day Parade

April 13
Pennsylvania Avenue from 10th Street NW to 14th Street NW

To commemorate Emancipation Day, the anniversary of the DC Compensated Emancipation Act of 1862, which ended slavery in the city and freed more than 3,000 people. Mayor Muriel Bowser will be leading a parade, with a concert featuring local and national artists, and ending the night with a fireworks display.

Cost: Free.

3- Sample all the beer you can handle at the DC Beer Festival

April 20
Nationals Park

DC Beer Festival returns to Nationals Park, where you’ll find yourself surrounded by 80 craft breweries serving up favorites and seasonal brews, including your hometown favorites from DC, VA, and MD. Bobby McKey’s Dueling Piano Bar will provide entertainment throughout, along with lawn games, DJs, food trucks, and more.

Cost: Varies, $45 - $75

4- Celebrate Earth Day at a National Park

April 20 - April 28
Various locations

Celebrate National Park Week from April 20 to 28! Parks across the country will host a variety of special programs and events. To kick off National Park Week, all entrance fees are waived on Saturday, April 20!

Cost: Park entry fees vary, but admission is free on April 20.

5- Hunt for Easter eggs at the National Zoo

April 22
National Zoo

This year, the National Zoo’s Easter Monday will be filled with egg hunts, live music, food trucks, games, animal demonstrations, keeper talks, and meet-and-greets with scientists.

Cost: Free.

6- Take an international trip through the city with Passport DC

May 1 - May 31
Various locations

As May approaches, one of the most anticipated and highly attended events comes back to DC. The Passport DC journey spans throughout May and takes you on a journey around the world without leaving the city. 70 embassies and some of DC’s best restaurants come together to put on events like a flower mart at the Washington National Cathedral (May 3-4), Embassy Open Houses (May 4 & 11), and a street festival showcasing Asian culture (May 18).

Cost: Mainly Free, but Varies.

Hitting the market this Thursday, April 4th is one of the largest townhome models at The Enclave at Arundel Preserve! Or...
04/02/2019

Hitting the market this Thursday, April 4th is one of the largest townhome models at The Enclave at Arundel Preserve! Original owners have upgraded this home from top to bottom including the addition of a 4th floor loft, lower level theater room, and 4 full bathrooms! The flexible floor plan gives you endless possibilities!

Come see it for yourself this Sunday, April 7 from 2-4pm!

7661 Elmcrest Road, Hanover, MD 21076
3 bedrooms/ 4.5 baths/ 2 car garage / 4 levels
$495,000

Coming Soon to Kingstowne!Impeccably maintained and beautifully renovated brick front townhouse in the heart of Kingstow...
02/20/2019

Coming Soon to Kingstowne!

Impeccably maintained and beautifully renovated brick front townhouse in the heart of Kingstowne!

3 Bedrooms / 2 Full Baths / 2 Half Baths

Contact me for more details! 703-863-2428

#12 in the Brokerage, #1 in Chuck Smith’s heart ❤️
02/16/2019

#12 in the Brokerage, #1 in Chuck Smith’s heart ❤️

Third Annual Client Appreciation Event! From the bottom of my heart, I want to thank all my clients, friends, and family...
02/10/2019

Third Annual Client Appreciation Event! From the bottom of my heart, I want to thank all my clients, friends, and family for supporting me throughout my career. I would not be able to do what I love without you!

Also! Thank you to The Tabard Inn for an incredible afternoon! If you’re looking for a venue for your next event, definitely consider hosting it here. Everything was flawless and the food was delicious!

100 of the area’s best restaurants...and Realtors! 😉Pick up your February edition of Washingtonian today!
02/09/2019

100 of the area’s best restaurants...and Realtors! 😉

Pick up your February edition of Washingtonian today!

A December to Remember! 🍾🎉🎊Congrats to my awesome clients who are going into the New Year with new homes!
12/28/2018

A December to Remember! 🍾🎉🎊
Congrats to my awesome clients who are going into the New Year with new homes!

Live out your 💫HGTV dreams 💫with this fixer upper! 3001 Veazey Terrace #1129, Washington DC 20008Priced below market at ...
11/07/2018

Live out your 💫HGTV dreams 💫with this fixer upper!

3001 Veazey Terrace #1129, Washington DC 20008
Priced below market at $265,000

Come see all the possibilities this Sunday from 1-3pm!

Sneak peek at this ADORABLE townhouse in Old Town Alexandria! Coming on the market 🔥 tomorrow! PM me for the deets!
11/01/2018

Sneak peek at this ADORABLE townhouse in Old Town Alexandria! Coming on the market 🔥 tomorrow! PM me for the deets!

Congratulations to Ali Hendricks! She’s the lucky winner of Diamond Club National’s Tickets in our August raffle! Thanks...
09/24/2018

Congratulations to Ali Hendricks! She’s the lucky winner of Diamond Club National’s Tickets in our August raffle! Thanks for your support Ali!

Want to be included in my monthly and quarterly raffles? Just shoot me an email at [email protected] and I will add you!

Address

43777 Central Station Drive #390
Ashburn, VA
20147

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Kim Le is a licensed Real Estate Agent serving Northern Virginia, DC, and Maryland. Based out of Washington D.C., she looks forward to helping sellers and buyers with all their real estate needs! Pearson Smith Realty Virginia License #0225210206 Washington DC License #SP98374777 Maryland License #661008

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