As I was telling some buyers today, the market definitely hit bottom some time in the past year and has become
a sellers market again. It will take
months to get all the data in to convince everyone of this fact as it always
does when the market turns. As you know
I have been a real estate agent for 29 years now so I see the changes happening
and how they affect buying and selling trends.
I listen to the people and companies that watch and document these
changes and as you know, there are always ups and downs. I take classes from world class educators on what is happening in our world that affects where we buy, work and live. Some neighborhoods and
areas turn around faster than others, but this is what is happening now. There are fewer homes on the market and they
are selling faster. This means that we
are seeing more multiple offers pushing prices up slightly as time goes along
and this is fueled by the incredibly low interest rates which are expected to
rise slowly over time. The area in which
you would like to buy has a lot of older homes and few new ones. The schools are very good and you are very
close to everything in the Baltimore and Washington, D.C. areas , so expect prices to be steady at the very least, if not
rising throughout 2013.
Friday, February 22, 2013
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