Buyers got on a roller coaster in January 2022 and stayed strapped in for the real estate market loops throughout the year. Mortgage rates were low, then soared to a 20-year high of 7.08% before dipping again. Median national list prices rose to a historic $450,000, and then they, too, began to fall. Homes in July were snatched up in 34 days—and come November, they lingered on the market for 56...
Commercial Office Space for Rent in Rockville MD Commercial Office Space for Rent in Rockville MD Commercial Office Space for Rent in Rockville MD Commercial Office Space For Rent in Beltsville MD Rare, beautifully updated, and meticulously maintained upper level 3 Bed, 2.5 Bath townhouse-style condo in the heart of The Lakelands neighborhood. This unit backs...
Thank you for all your trust and support in 2022, we appreciate your business! We wish you and your family all the best and success in 2023! Happy Holiday and Happy New...
It’s time once again for our annual great pie giveaway!I’d like to express my appreciation to you and thank you for your goodwill, your business, and your referrals by providing you with a pie for your holiday dinner.Participation is simple, make your selection of either Apple or Pumpkin pie by clicking on the "Reserve a spot" button and make your selection. Please select either Pumpkin or Apple (one...
Do you need a mortgage pre-approval letter to make an offer on a house? You know you need to get your financial ducks in a row before looking at homes, but does that include securing a pre-approval letter from the bank?The truth is, in today’s super competitive housing market, getting pre-approved can actually improve your chances of falling into the sellers’ good graces, and you’ll want to get it...
Owning a home is the American dream, but at the moment it’s more like home buying cancel culture.According to a 2022 survey by home warranty site Cinch Home Services of 1,000 Americans who have tried to buy or sell a home in the past year, more than half of buyers (51%) say they had a home purchase contract fall through in that time period.Why is this happening—and what can you do to make sure that...
Mortgage rates shot above 6 percent this week for the first time in 14 years as inflation has remained resistant to the Federal Reserve’s efforts to tamp it down. The dramatically swift escalation has chilled what had been a hot U.S. housing market, increasing pressure on an economy plagued by unremitting inflation. The 30-year fixed-rate mortgage — the most popular home loan product — soared to...
Are you a prospective homebuyer who started saving for a home last year—only to find that with this year’s financial instability, a home seems impossible to afford?We hear you.“Buyers have reached the limit of their financial ability to handle the impact of high inflation, house prices, and interest rates,” says George Ratiu, manager of economic research at Realtor.com®.But while it’s true that...
You Need to Know that: It’s worth considering the many benefits of homeownership before you make the decision to rent or buy a home. When you buy, you can stabilize your housing costs, own a tangible asset, and grow your net worth as you gain equity. When you rent, you face rising housing costs, won’t see a return on your investment, and limit your ability to save. If you want to learn more about...
Buying a home is a major life decision. That’s true whether you’re purchasing for the first time or selling your house to fuel a move. And if you’re planning to buy a home, you might be hearing about today’s shifting market and wondering what it means for you. While mortgage rates are higher than they were at the start of the year and home prices are rising, you shouldn’t put your plans on hold...