Khadine Fisher’s Blog

7. Ocean City: – Lively beachfront community with a variety of restaurants, shops, amusement parks, and nightlife; offers a relaxed coastal lifestyle. 7. Ocean City: – Lively beachfront community with a variety of restaurants, shops, amusement parks, and nightlife; offers a relaxed coastal lifestyle.

Calvert County – Units sold: 64 – Total sales volume: $ 27.6M – Avg days on the market: 34 – Median sold price: $404,500

Household income: $58,349 Annual savings: $11,670

Maryland homeowners face a higher average monthly mortgage payment of $2,530. This translates to roughly $30,363 paid annually towards the mortgage.

The Southern Maryland housing market is rebounding from a less active year, with positive trends emerging.Home values and market activity ↑ 3.2% yearly, with ~290 units sold in Feb.

Bankrate provides information on mortgage refinancing options, including rate-and-term, cash-out, cash-in, streamline, no-closing cost, short, and reverse mortgages. Rate-and-term refinance is common for lowering interest rates, benefiting homeowners when prevailing rates are lower. Continue to full article

Maryland ranked first in adding the most mortgage debt from Q3 2023 to Q4 2023, with an average balance increase of 1.23% to $283,092. Mortgage interest rates are at a decade high, leading to higher costs for homeowners. Maryland had the highest increase in mortgage debt compared to other states. Continue to full article

Every year in Maryland, a third of property owners receive updated tax bill assessments, funding local budgets for the next 3-yr.This year, ~100K properties did not receive their new tax bills, resulting in an estimated loss of $31M budgets.

When buying a home, successful negotiation depends on understanding market value, finances, and inspection results. Tips include researching market value, knowing finances, and using a home inspection. Negotiate for price, repairs, warranties, closing costs, and other terms. Consider walking away if terms are unacceptable. Continue to full article

The Real Estate market in Maryland saw a decrease in listed homes yearly in January. January 2024 saw 4,634 newly listed homes, ↓ 3.54% yearly.