Khadine Fisher’s Blog
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Survey: Green Features Important to Buyers
Real estate professionals are emphasizing energy efficiency in their listings as home buyers increasingly value sustainability. Green home features are now highlighted in nearly 40% of MLS listings, with 57% of respondents appreciating this focus. High-performance homes with green features, such as solar panels, can potentially fetch a premium of 1% to 5%. Homeowners are…
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The Fed keeps interest rates at 23-year high
The Federal Reserve decided to maintain its benchmark lending rate, signaling fewer rate cuts than previously expected. Fed Chair Powell noted better-than-expected May inflation but wants to see further improvement before lowering borrowing costs. The Fed is waiting for evidence of inflation heading towards 2% before cutting rates. Economists predict the first rate cut may…
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Southern Maryland: Market Slows Down
Southern Maryland housing market experiences a decrease in both sales and listings. New pending sales ↓~8.5%, indicating a slowdown in home contracts.
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Planning Board Votes 5-0 to Recommend Changes to Single-Family Zoning in Montgomery County
The Montgomery County Planning Board has unanimously approved recommendations to allow a wider range of housing types in areas previously restricted to single-family detached homes. The proposal, which aims to address the county's housing crisis, will be reviewed by the County Council. The recommendations include zoning modifications and policy changes to permit duplexes, triplexes, townhomes,…
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Montgomery County may end single-family zoning
Montgomery County's Planning Board is proposing to introduce affordable housing options, including duplexes, triplexes, and quadplexes in existing neighborhoods. However, the plan faces opposition from residents and the County Executive due to concerns over changing community dynamics, increased costs, crowded schools, and environmental issues. The proposal awaits county council approval. Continue to full article
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Getting a mortgage at a young age
If you're young and considering buying a home, ensure you're financially prepared. Factors to consider include credit history, employment stability, future plans, and potential assistance programs. It's essential to assess your readiness and make informed decisions before taking the leap into homeownership. Continue to full article
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Maryland Governor Signs Bills to Address Housing Crisis
The legislation addresses Maryland's affordable housing crisis. Goals: – Reduce poverty. – Increase housing supply. – Strengthen renter protections.
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Maryland Introduces Vacancy Tax to Combat Housing Crisis
Maryland law allows counties to tax vacant properties to discourage speculation and boost housing development. Speculation exacerbates the housing crisis by artificially reducing available housing, driving up costs.
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Montgomery County’s Planning Board will recommend relaxing single-family zoning
The Biden administration is advocating for federal policies to encourage local governments to abolish discriminatory single-family home zoning. In response, the Montgomery County Planning Board is considering easing single-family zoning laws to improve housing accessibility and affordability. This strategy seeks to mitigate the housing crisis, excessive prices, and segregation within the county. The proposal involves…
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Mortgage Shopping Tips for Your Next Rate Renewal
Know Your Budget: Understanding your financial situation and getting pre-approved for a mortgage is crucial before beginning the home buying process. Compare Rates: Shop around and compare mortgage rates from different lenders to find the best deal, considering both interest rates and terms and conditions.