X-Robots--Tag: Index Skip Young Realtor®

Buying a Home This Fall of 2021 around Fort Meade MD

Dated: September 26 2021

Views: 170

Looking to purchase a home this Fall when your moving to Fort Meade, MD

Start by hiring your Army Veteran Realtor local to your Real Estate Market and a high-speed low drag Army Ranger to make sure you get the home your looking for.

As the weather new Fort Meade, MD begins to cool, the real estate market will remain red-hot.


Here’s a dive into some of the biggest wins for homebuyers this fall.

1. More Homes Are Coming to the Market Why not make an extra 40,000 while you're stationed at Fort Meade MD in Equity by buying.

Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, the housing supply has started to trend up. This is good news for buyers who crave more options. Odeta Kushi, Deputy Chief Economist at First American, says:

“It looks like existing inventory is starting to inch up, which is good
news for a housing market parched
for more supply.”

2. Buying Is More Affordable than Renting Near the Fort Meade MD housing market.

According to data from realtor.com, median rental prices just reached their highest point ever recorded. Let’s compare today’s median mortgage payment to the median rent.

According to the National Association of Realtors (NAR), the latest data on homes closed shows the median monthly mortgage payment is $1,255. By contrast, the median national rent is $1,607 according to the most current data provided by realtor.com (see graph below). That’s a difference of $352 dollars each month.

If you’re a renter, it may be time to consider purchasing a home so you can lock in your housing expenses for the life of your loan and avoid future increases.

3. Mortgage Rates Are Still Low

Last year, we saw the lowest mortgage interest rates in recorded history as they fell below 3% for the first time ever. This season, they’re still incredibly low compared to the historic norm. According to the latest quarterly forecast from Freddie Mac:

“. . . while we forecast rates to increase gradually later in the year, we don't expect to see a rapid increase. At the end of the year, we forecast 30-year rates will be around 3.4%, rising to 3.8% by the fourth quarter of 2022.”

Today’s low mortgage rates help boost your purchasing power, but it’s unlikely they’ll last much longer. Buying sooner rather than later is the best way to get more house for
your money.

4. Home Prices Are Appreciating

Investopedia defines appreciation like this:

“Appreciation, in general terms, is an increase in the value of an
asset over time.” 

Over the past year, we’ve seen home prices rise across the country. And according to expert forecasts, that appreciation will continue through 2025.

This should help you feel confident that buying a home this year is a strong
long-term investment.

If you’re worried about what that means for affordability today, remember that current mortgage rates help boost your purchasing power and keep your monthly payments more affordable. 

Bottom Line

  Let’s connect if you’re ready to buy so we can get your journey to homeownership started and you can capitalize on today's unique housing market opportunities.

 

  1. Skip Young

Former Army Ranger

Land Development /  New Home Sales

Cell: 301-337-1999

Office: 888-860-7369 x240

Award-Winning Realtor® Rookie of the Year Calvert County MD

Director of Government Affairs

VAREP – Greater Annapolis Chapter

Military and Veteran Housing Certified

Military Relocation Certified

 

137 National Plaza, Suite 300

National Harbor, MD 20745

 

CONFIDENTIALITY NOTE: The typewritten signature included with this e-mail is not an electronic signature within the meaning of any law related to electronic signatures. The information contained in this e-mail transmission is legally privileged and confidential information intended only for the use of the individual or entity who is the intended recipient. If the recipient or reader of this e-mail is not the intended recipient, you hereby are notified that any dissemination, distribution, copying or other use of the text, attachments, or other information contained in this e-mail is strictly prohibited. If you are not the intended recipient, please immediately notify the sender that you have received it and then delete this e-mail without reading any of it other than this confidentiality notice.

DISCLOSURE UNDER IRS CIRCULAR 230: To ensure compliance with requirements imposed by the Internal Revenue Service, unless specifically indicated otherwise, any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding tax-related penalties or promoting, marketing, or recommending to another party any tax-related matters addressed herein.

 

CONFIDENTIALITY NOTICE: This e-mail contains privileged and/or confidential information which is intended only for the use of the Addressee named above. If you are not the intended recipient, or the employee or agent responsible for delivering it to the intended recipient, you are hereby notified that any dissemination or copying of this e-mail, or the taking of any action in reliance on the contents of this information, maybe strictly prohibited. If you have received this e-mail in error, please notify us immediately and delete the material.

   

Blog author image

Skip Young

Waldorf MD Homes for Sale Are you are stationed here and are looking to purchase or sell a home please contact Skip Young Realtor®: Marine Barracks Joint Base Anacostia-Bolling PSD Washington, DC....

Latest Blog Posts

Buying a Home This Fall of 2021 around Fort Meade MD

Looking to purchase a home this Fall when your moving to Fort Meade, MDStart by hiring your Army Veteran Realtor local to your Real Estate Market and a high-speed low drag Army Ranger to make sure

Read More

Waldorf MD Homebuyers Need To Know When Making an Offer

Homebuyers Need to Know When making an offer on a home in Waldorf, MDWhen buying a home in Waldorf MD a question could be asked why am I not able to get an offer accepted. With 20 -30 contracts

Read More

Find a Top Realtor® Near me | Waldorf MD Homes for Sale

How to find a Top Realtor® Near me to sell my house TypeSingle FamilyCondosMulti-FamilyLandRentalsLeaseTownhouseSingle Family Homes for Sale in Waldorf MD Realtor®Homes for Sale in Charles

Read More

Homes for Sale Waldorf MD Real Estate = Skip Young Realtor

Searching for Homes for Sale in Waldorf MD 20601, 20602, 20603 TypeSingle FamilyCondosMulti-FamilyLandRentalsLeaseTownhouseSingle Family Homes for Sale in Waldorf MD Realtor®Homes for Sale in

Read More