Category: Uncategorized

Declining inventory, rising prices, and quick sales have characterized Maryland's housing market in 2023. Demand from government workers and military personnel keeps Maryland's housing market strong. Lenders offer buydown programs and incentives, including free refinancing if rates drop.

Baltimore, MD: Consistent population growth, affordable Real Estate options, and a strong job market attract Real Estate investors. Orlando, FL: A tourist hotspot with soaring Real Estate values and a thriving short-term rental market. Phoenix, AZ: A rapidly expanding economy, affordability, and high price-to-rent ratios make Phoenix an attractive investment choice.

Montgomery County has implemented various strategies to make the area more affordable and protect tenants from major shocks. This includes an increase in the recordation tax, property tax increase, and permanent rent stabilization law. The rent stabilization law caps rent increases at 6% each year, or 3% over the rate of inflation (whichever is lower).…

Median home price in Maryland's mid-Atlantic region reached $401K in August, ↑ 5.5% yearly. Inventory levels have sharply declined, with the number of available homes ↓ 11.4% yearly. Despite high mortgage rates, low inventory, not rates, is the main constraint affecting home prices.

The 2023 homebuying season has seen fewer homeowners listing their homes for sale due to high home prices and climbing mortgage rates. Despite limited inventory, homes are spending more time on the market, offering buyers more time to explore their options. The best time to buy a home is the week of October 1-7, when…

Housing prices remained high in June due to low inventory and increased buyer demand. Avg home sale price in June was $426K, close to the all-time high.

Wildfires are becoming more frequent and impactful in a warming climate. Insurance companies are struggling to keep up with the rising costs of wildfire damage. This is leading to a repricing of wildfire risk in the Real Estate market.

25% of homeowners plan to buy new homes in the next two to five years. Homeowners may wait a min of two years to avoid capital gains tax. They also may rely on the equity in their current home for their next purchase.

Home sales in Maryland ↓ 22.6% yearly in July.