Khadine Fisher’s Blog

The Maryland Department annually reassesses 767,226 properties split into 3 groups. Group 3 properties ↑ 23.4% overall, with 96.6% of residential properties seeing ↑ values in 2024.

The Maryland housing market is currently favoring sellers due to low inventory and rising prices. However, buyers should carefully consider their options and stay informed about market fluctuations. Home prices in Maryland have increased, and it may be a competitive time for buyers. The forecast suggests that certain areas, such as Baltimore and California, may…

Consider your urgency: urgent situations (foreclosure, relocation) require quicker home-selling strategies, especially with agent assistance. Establish an optimal price with agent assistance to expedite sales, enticing buyers and boosting activity.

High mortgage rates in 2023 have affected the real estate market, causing hesitation among potential buyers and sellers. A Bank of America survey found many homeowners would consider moving to cheaper areas despite high rates. While there's been a slight drop in mortgage rates, it hasn't significantly encouraged moves. Experts anticipate gradual improvements in rates…

Low inventory favors sellers, discouraging buyers amid high mortgage rates and soaring home prices. Modest home price growth and a continued seller's market due to a new norm of higher rates in 2024 is anticipated. Projections of 3-4% price rise face challenges with limited inventory, resulting in a 3.4-mo supply, potentially stalling sales growth.

The avg U.S. home takes 1-3 months to sell; some face delays due to factors. Experts on home selling suggest repainting walls for a fresh, clean look that attracts buyers. Removing personal items, and memorabilia, and decluttering create a neutral canvas for potential buyers.

Current home equity loan rates are ~ 5% higher than late 2020 and early 2021. Despite the increase, home equity loans are still more affordable than personal loans and credit cards. The spike in rates is linked to actions taken during the pandemic, including federal stimulus bills.

Low levels of inventory mean that sellers continue to have the upper hand in the housing market. Mortgage rates have come down from their peak but are still high, and steep home prices are … Continue to full article

Maryland ranks as a top contender for highest rents nationwide, at 7th. Overall, the median rent in the state was $2,121 in Early-Q4.

Review mortgage terms: Understand any prepayment penalties or limitations on selling in your mortgage agreement. Assess tax implications: Selling within two years may result in capital gains tax; consult a tax advisor for guidance. Understand financial costs: Selling early incurs expenses like REALTOR® commissions and closing costs; assess the financial viability.