Khadine Fisher’s Blog
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REALTORS® Commissions Settlement Impacts Maryland Homebuyers
Maryland home prices remain stable despite changes, averaging $514,062 in 2024, with minimal impact expected locally.Policy changes encourage commission negotiation, increasing market competition and transparency for buyers and sellers.
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How to Buy a House With No Money Down
There are special government-backed loans, like VA loans and USDA loans, that require no down payment. You can leverage first-time homebuyer programs that offer grants or low-interest loans to cover the down payment.
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Why Is Southern Maryland Real Estate a Solid Investment?
Southern Maryland’s housing market remains stable, offering solid investment opportunities despite modest price declines.Inventory and new listings have risen by 5%, enhancing supply and supporting investment potential.
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Why FHA Loans Are Ideal for First-Time Home Buyers
Mortgage rates in the US are expected to fluctuate, with the 30-year mortgage rate rising to around 6.95%. First-time home buyers may find FHA loans beneficial due to lower credit score requirements, down payments as low as 3.5%, and lenient debt-to-income ratios. FHA loans also allow non-occupant co-borrowers and can be used for up to…
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2026 Rate Cut Prediction: Down to 1.75%-2%
Analysts predict rate cuts, potentially down to 1.75%-2% by end of 2026. Expected economic conditions in 2024: Cooling inflation and slight increase in unemployment.
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Early-Q3: Buyers Pay Agent’s Commission
New rules starting in Early-Q3 require buyers to pay their agent's commission instead of the seller. The settlement might not significantly change overall costs but shift commission payments between parties.
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Maryland Homes Sales Drop 12.3% in Late-Q2
Maryland's housing sales dropped 12.3% in Late-Q2 2024, but pending sales rose 6.7%. The average sales price increased by 5.3%, reaching ~$526K, with the median price up 5.1% to $436K.
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Why it’s time for the Fed to cut interest rates
The Federal Reserve is considering cutting interest rates due to slowing inflation. The Fed's actions impact borrowing rates, affecting economic activity. Despite strong GDP growth and low inflation risk, the Fed may cut rates in July. Data shows a healthy economy with low delinquency rates and rising wages. Economists suggest a modest rate cut to…
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Maryland: Seller’s Market Predicted
Sales Growth: Avg home value projected to increase by ↑ 4%. High Demand: Homes typically go to pending status within 7 days.
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Early-Summer Mortgage and Refinance Rates in Maryland
30-yr fixed mortgage rates in Maryland was ~7.4% as of late June, similar to the national avg. Refinance rates are slightly higher than purchase rates, averaging 7.5% for a 30-yr term.