Khadine Fisher’s Blog
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Some homebuyers are being sidelined by record prices in MD
Mortgage rates in Maryland and the mid-Atlantic area remain high, causing no price relief for buyers in 2024. The median sale price reached a record $422,535 in May, challenging potential homebuyers. Home prices in the Baltimore metro area also hit a new high of $400,000, despite slower sales. Inventory increased by 20.9% compared to last…
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What is a Reverse Mortgage and How Does it Work?
A reverse mortgage allows homeowners aged 62 or older to borrow against their home's equity without making monthly payments. The loan is repaid when the borrower moves, dies, or sells the home. Different types of reverse mortgages are available, each with specific requirements and benefits. It's important to consider the costs and implications before deciding…
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Happy Flag Day
Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired outfits!
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Maryland’s Market in 2024: Steady Growth Despite Lower Inventory
Maryland's housing market sees steady price growth despite a slowdown this year, rising about 2.5%/quarter.With declining inventory, homes often sell within a week of listing, driven by steady demand.
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Maryland Real Estate Sees Increase
Home sales in Maryland show ↑2.4%. Avg sales price ↑7.5% to ~$500K.
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Maryland Faces Housing and Labor Crisis
Maryland Comptroller highlights housing and labor shortages as major challenges for the Eastern Shore. Lower labor force participation contributes to constrained growth in private employment and industries.
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How to Build Home Equity
Bankrate provides reliable financial information to help consumers make informed decisions. They focus on home equity, explaining its importance and how to build it. Home equity is the portion of a home that is owned outright, calculated by subtracting the mortgage balance from the current market value. Building equity is crucial for creating wealth and…
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Maryland’s Avg Home Insurance Cost in Early Q2
The avg cost of homeowners insurance in the US is $1,915/yr for $300K worth of dwelling coverage. Maryland has a lower avg insurance cost of $1,700/yr, translating to $142/mo.
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Maryland Invests in Affordable Housing
Maryland Governor signs housing bills to boost affordability and community development. The Housing Expansion and Affordability Act incentivizes new housing construction, streamlining development processes.