Khadine Fisher’s Blog
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Early-Q4 Southern Maryland Housing: Rising Rates, Falling Sales
Rising interest rates and prices in Southern Maryland's housing market have made potential homebuyers cautious. -New listings: ↓ ~27% -Pending home sales: ↓ ~ 23% Despite rising interest rates, the median sold price ↑ ~8.74%, but ↓ units were sold yearly.
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Buying a House in Maryland: A How-to Guide
Decide where to live in Maryland, considering total living costs and long-term needs. Familiarize yourself with conforming loan limits and jumbo loan thresholds in high-priced areas.Explore state and local programs for first-time homebuyers to help with down payment savings.
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Maryland & Mid-Atlantic Real Estate in Early-Q4
Active listings remain similar to a yr ago, and inventory has increased for 3 consecutive mo. Mid-Atlantic metros’ market: -New pending sales: ↓ 3.2% -Avg DOM: 10 -Median sale price: ↑ 4.7% yearly $381K Maryland's Washington market: -Pending sales: ↓ 9.2% yearly -Median price: ↑ 3.3% MoM and yearly to $568K -New listings: ↓ 20.3%…
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What Are Your Options for Selling in Maryland Foreclosure
Homeowners may sell before foreclosure finalization, satisfying debt and safeguarding credit to some extent.Distressed homeowners are increasingly discussing selling homes before the bank finalizes foreclosure to avoid credit impacts.Swift action is crucial; homeowners must quickly find buyers, often at prices below market value.
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Charting the Maryland Zip Code Winners
3- and 4-bedroom house prices fueled appreciation. Top zip code: 20895 (Kensington) Median: ↑ 17% yearly to $800K Bethesda, Chevy Chase, and Silver Spring follow closely.
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Maryland Real Estate Market 2024: Investment Insights
The Maryland investment real estate market shows promise for 2024. Despite challenges, including limited inventory and rising prices, opportunities abound. Expert predictions suggest a 3% to 4% increase in home prices.
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US Home Price Insights – November 2023
Home prices in the US increased by 4.5% year over year in September 2023. The Northeastern states saw the highest price gains, with Maine experiencing a 10.1% increase. Despite rising mortgage rates, the housing market is expected to remain steady. Certain markets with in-migration from expensive states are showing strong price gains. The CoreLogic Market…
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Maryland First-Timer’s Benefits Charm and Affordability
Buying a first home is a major life event that can be both exciting and challenging. Maryland offers the Maryland Mortgage Program, designed for first-time homebuyers, featuring competitive interest rates and down payment assistance.Special initiatives are available for individuals in education and protective services.
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Why Fall Is the Best Time to Buy a House
The housing market is cooling down due to rising mortgage rates and inflation, leading to increased inventory. Fall is an ideal time to buy a house, as families prefer not to move during the school season, reducing competition. Fall offers opportunities for strategic homebuyers, especially for vacant homes that have been on the market for…
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All-Cash vs. Traditional Home Buying: What You Need to Know
All-cash offers typically result in faster Real Estate transactions compared to deals involving mortgages. Cash buyers still need to complete certain tasks and paperwork before closing the deal. Such as: – Zoning survey certification – Water certification – Title documents