The Latest in Real Estate News for Frederick Md Home Buyers
What is happening in Residential Real Estate this Summer?
- Rents have risen for the 18th consecutive quarter nationwide. The Wall street Journal reports that rents rose 3.4% for the 12-month period ending in June.
- Rental history may soon influence credit scores. This will be a big help for first-time buyers who may not have the depth of credit, but have a good rental history.
- Housing price growth has slowed from the fast pace of 2013 growth. As Summer Heats Up, Prices Cool Off [This is what we are seeing in the Frederick Market, as inventory grows, demand is steady, but values don’t increase very much.
- Is student debt really the problem? “Analysts say it’s not that Millennials and other potential homebuyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment. It’s that they think they’re not qualified or they think that they don’t have a big enough down payment.”
- The Home Price Expectation Survey, a quarterly study by Pulsenomics, averages the projections of over 100 real estate experts. They project the average home value increase to be 4.4% over the next year.
- In their last Economic & Housing Market Outlook, Freddie Mac predicted that 30 year fixed mortgage rates would be 4.8% by this time next year. As of last week, the Freddie Mac rate was 4.14%.
- The Cost of Waiting: [courtesy KCM Blog]
- The First Time Buyer
- For The Move-Up Buyer:
Contact the Highland Group for more information on buying a home in Central Maryland.