Foreclosure rates are up in Maryland and in Baltimore compared to national statistics, but overall the outlook for housing in 2024 is very optimistic! Check out my January newsletter.
https://conta.cc/47qTnwq
https://conta.cc/47qTnwq
11:34 AM - Jan 08, 2024
Mid-Atlantic RE Market report for week ending 10-1-23: There were 5,099 new listings this week, which is 5.2% lower than last week and 13.2% lower than last year. Supply remains at very low levels. #realestate #realestateagent #bemonumental
09:42 AM - Oct 03, 2023
Mid-Atlantic RE Market report for week ending 10-1-23: Median list price is flat from last week and remains at $399,900. List prices tend to fall through September, but this year is defying the norm. While many buyers are being priced out, low inventory is keeping prices strong. #realestate
09:41 AM - Oct 03, 2023
Mid-Atlantic RE Market report for week ending 10-1-23: Median time to contract remained at 17 for the sixth week in a row, and it has stayed between 16 and 17 days since the beginning of July. The time to contract is 6 days higher than last year during this week. #realestate #realestateagent
09:40 AM - Oct 03, 2023
09:53 AM - Sep 29, 2023
Great opportunity to learn and to educate as a speaker at MD Realtors' annual conference! We are All In! at Maryland Live! Casino and Hotel.
02:50 PM - Sep 20, 2023
Congratulations to my client, Natalie, on her successful settlement today, to join the Tuscany-Lombardy Co-op Community! It was a pleasure working with you to make home ownership a reality. Anyone else need a Realtor®? #realestate #realestateagent #bemonumental
11:54 AM - Aug 31, 2023
Median list price in the Mid-Atlantic region for the week ending 8/27 was UP 2.7% from the same period in 2022. The market is slowing, but lack of inventory means prices are NOT falling overall. We just don't have enough homes to sell. (source: BRIGHTmls) #realestate #realestateagent #bemonumental
10:12 AM - Aug 29, 2023
For 7 weeks, median 'days to contract' have held at 15 to 16 days. Last week it rose to 17 days. Longer time on the market in the fall is common; however, the market is likely to stay faster than recent years due to short supply. (source: BRIGHTmls) #realestate #realestateagent #bemonumental
10:08 AM - Aug 29, 2023
There were 5,706 new contracts in the Mid-Atlantic the week ending August 27, up 2.8% from previous week... uncharacteristic trend for the end of August. Contracts are still down 19% from last year with limited supply and high mortgage rates limiting activity. (source: BRIGHTmls) #realestate
10:05 AM - Aug 29, 2023
Listings in the Mid-Atlantic are down 6.7% from 2022 and 3.4% from last week, but the deficit is the smallest so far. At summer's end, listings are steadier than usual (new listings usually decline in August). Limited inventory continues to strain buyers. (source: BRIGHTmls) #realestate
10:03 AM - Aug 29, 2023
July's Home Purchase Sentiment Index® from FNMA show Americans feeling more confident in their personal financial situation, with the share saying they are not concerned about losing their job up 6% and 71% of respondents saying their household income is steady. #realestate #realestateagent
10:58 AM - Aug 25, 2023
The most recent release of the Nat'l Assn of Realtors' Pending Home Sales Index found pending home sales up month-over-month in June. It was the first increase since February. #realestate #realtor #charmcityrealestate
11:42 AM - Aug 18, 2023
According to the Mortgage Bankers Association's (MBA), demand for loans to buy homes moved higher last week. In fact, the MBA's seasonally adjusted Purchase Index was up 2% from the week before. The gains came despite rising mortgage rates. #realestate #realestateagent
09:03 AM - Jul 28, 2023
After mortgage rates increased & buyer demand stalled last year, there was a point when the inventory of homes for sale began to rise. That was short-lived, though. According to Black Knight Financials' latest Mortgage Monitor, inventory has fallen in 95 % of major markets since Jan 1. #realestate
09:01 AM - Jul 28, 2023
What most people don't understand is the MLS system was meant to make the market more accessible, accountable, and transparent. Lawsuits in progress would turn back that clock.
https://www.nar.realtor/ma...
https://www.nar.realtor/ma...
10:33 AM - Jul 24, 2023
Every little bit helps.
03:59 PM - Jul 21, 2023
US homeownership rate hit its record high in the spring of 2004, at 69.2%, and its recent low in 2016 at 62.9%. According to the Census Bureau, the current rate is 66%. What is surprising is the demographic group showing the biggest recent gains: households making below the median U.S. family income
01:27 PM - Jul 21, 2023
A new survey found 66% of young Americans go online to check the estimated value of homes belonging to their friends. Among them, 59% say they do it to measure their own income and worth. This leads to feelings of stress and concern among 79% of the people who do it. Don't torture yourself, people!
01:22 PM - Jul 21, 2023
(Edited)
Houses under contract fell 11.7% to 6,854 from 7,758 units in June 2022. Fewer houses under contract reflects the lack of inventory, further reducing the number of homes sold in the state. New listings declined to 7,142 from 11,076 in June 2022. #realestateagent #bemonumental
01:18 PM - Jul 21, 2023
Maryland home sales fell 21.7% to 6,938 units in June 2023 vs June 2022 sales of 8,857, in June's 2023 Maryland REALTORS® Housing Statistics. Average sales price rose 2.9% to $501,346 vs 2022’s figure of $487,085. Median sales price rose 1.3% to $415,148. #realestateagent #bemonumental
01:16 PM - Jul 21, 2023
#BidenDelivers 💙💙💙 I stand with POTUS #2024 !
They are coming for him and his family hard, almost every single day. But he quietly works for us, whether credit is given or not. He is not perfect, but he is a good human being that really cares about all of us, and has accomplished much.
They are coming for him and his family hard, almost every single day. But he quietly works for us, whether credit is given or not. He is not perfect, but he is a good human being that really cares about all of us, and has accomplished much.
08:55 AM - Apr 06, 2023
-Consumer confidence jumped in June, reaching its highest point since January 2022.
-The third and final revision of first quarter GDP showed economic growth at 2%, up from the previous estimate of 1.3%
-Unemployment applications fell last week to the lowest since October 2021.
#realestate
-The third and final revision of first quarter GDP showed economic growth at 2%, up from the previous estimate of 1.3%
-Unemployment applications fell last week to the lowest since October 2021.
#realestate
08:43 AM - Jul 05, 2023
According to the Mortgage Bankers Association's (MBA), rates fell for the second straight week last week and were down across most loan categories. While rates are still more than a percent higher than a year ago, demand for loans to buy homes increased 8% from the week before. #realestate
09:13 AM - Jun 30, 2023
Mid-Atlantic Real Estate Market: No price relief for buyers. List prices continue to rise as we head into summer, tracking above last year at this time. The scarcity of supply continues to put heat on competition for buyers, and it is likely this trend will not relent for some time. #realestate
09:31 AM - Jun 27, 2023
May saw the lowest level of inventory of houses for sale in well over a decade. We simply don't have enough homes to sell. Buyers are becoming discouraged, and sellers don't want to give up their low mortgage rates for a new one. #realestate #realestateagent
08:50 AM - Jun 22, 2023
According to Splitero CEO Michael Gifford there are five reasons the housing market will not crash:
1. Owners are reluctant to sell.
2. Credit is tight.
3. Mortgage delinquency is low.
4. Home equity is at an all time high.
5. The market is starved for inventory.
#realestate #realestateagent
1. Owners are reluctant to sell.
2. Credit is tight.
3. Mortgage delinquency is low.
4. Home equity is at an all time high.
5. The market is starved for inventory.
#realestate #realestateagent
10:16 AM - Jun 13, 2023
Real estate in the Mid-Atlantic, this week compared to one week ago:
-showings up .3%
-contracts up 18.7%
-median days on market holding steady at a blistering 9 days
-new listings up 6.1%
-median list price down 2.6% (but year over year up 2.3%)
#realestate #realestateagent
-showings up .3%
-contracts up 18.7%
-median days on market holding steady at a blistering 9 days
-new listings up 6.1%
-median list price down 2.6% (but year over year up 2.3%)
#realestate #realestateagent
10:11 AM - Jun 13, 2023
