Home Prices in Waldorf MD are Maintaining Value

Dated: 02/28/2019

Views: 63

Are Home Prices in Waldorf MD are Maintaining Value?

Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in for a soft landing.

The previous housing market was fueled by an artificial demand created by mortgage standards that were far too lenient. When this demand was shut off, a flood of inventory came to market. This included heavily discounted distressed properties (foreclosures and short sales).

Today’s market is totally different. Mortgage standards are tighter then they were prior to the last boom and bust. There is no fear that a rush of foreclosures will come to market. The Mortgage Bankers’ Association just Announced that foreclosures are lower today than at any time since 1996.

Case Shiller looks at the percentage of appreciation as compared to the same month the year prior. Here is a graph of their findings over the last ten months:

As we can see, home price appreciation is softening as more inventory comes to market. This shows that real estate prices are not crashing, but merely returning toward historic appreciation numbers of 3.6% annually.

Bottom Line

Home prices are leveling off. Long term, that is a good thing for the housing market.

Skip Young - Your Maryland Veterans Realtor®

Yes, I am a Realtor, and I am MVHC or Military Veteran Housing Certification. Meaning I have to understand your Military Move, your Retirement move and when you take on you Veteran status, I need to understand all aspects. Working together is a partnership that I am willing to share my previous Elite Military Skills and 16 Years of Real Estate Knowledge.

Your Waldorf MD Realtor® - Skip Young

f 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 Washington Navy Yard USCG Headquarters Visitor Entrance the United States NavyNavy Band US Army National Guard Armory American Military Society Navy Lodge US Naval Reserve Readiness Military Naval & Air AttacheWashington DC Police Department Air Supply US Coast Guard Headquarters Joint Anacostia-Bolling AFB Department of NavyFort George G. Meade Naval Support Facility Indian Head Joint Base Andrews Coast Guard Yard US Air Force Civil Air Patrol NAVAIR Maryland Military Department Naval Surface Warfare Center Army National Guard Recruiter US Army Reserve Center Naval Air Station Patuxent River Welcome to the Fort Belvoir Air Force United States Department Joint Base Andrews, MD

Skip Young Realtor® with Reviews as a Realtor®, has an extensive background in working with an Elite Unit while serving his country from 91 - 94. Now an Award-winning Realtor®, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in the Washington DC, Maryland or Virginia. Military bases such as:

There are currently 23 million veterans and service members right in your local community of Washington DC, Maryland, and Virginia. They transact over $153 billion annually in the Local Real Estate purchases and Selling of Property, along with the Rental Market. Learn how you can help tap into and serve the veteran community with VAREP, the Greater Annapolis Chapter. Skip Young your Waldorf MD Realtor® and Veteran is still continue's to serve my country by helping our community of brothers and sisters by representing the Government Affairs division. The position is about assisting in changing the laws that help protect veterans and service members who need to find housing in the Washington DC Maryland and Virginia area.

Skip Young | EXP Realty | Waldorf MD Realtor®

Realtor®, Veteran, New Home Sales

888-860-7369 x 240 Broker

301-337-1999 Cell

eXp Realty

137 National Plaza, Suite 300

National Harbor, MD 20745

www.skipyoung.com

Caruso Homes “Build on Your Lot”

2120 Baldwin Avenue, Suite 200, Crofton, MD 21114

www.carusohomes.com

 

 

 

 

 

Waldorf MD Realtor® | Veteran | eXp Realty | Author | VAREP Director of Government Affairs Greater Annapolis Chapter


Blog author image

Skip Young

Fort Meade MD Realtor | PCSing Relocation Expert | Skip Young | RealtorĀ® | Veteran | EXP Realty As a Maryland Realtor I bring additional skills to the Maryland Real Estate market. I grew up here. I ....

Latest Blog Posts

Need to hire a realtor around Fort Meade, Andrews Air Force Base, PAX River to Sell or buy a new home.

Need to hire a realtor around Fort Meade, Andrews Air Force Base, PAX River to Sell or buy a new home. Looking for Rentals around Fort Meade MDWhile many people across the U.S. have traditionally

Read More

5 Reasons the bubble will not crash in the Forte Meade, Andrews Air forces Base, Patuxent Naval Base

5 Reasons the bubble will not crash in the Forte Meade, Andrews Air forces Base, Patuxent Naval BaseBuying a Home in todays Market in Waldorf MD is Worth the investment. We are not heading to a

Read More

PCS the Military and Veterans buy and sell Homes around Fort Meade, Andrews and PAX

Technologies powering real estate process technology is charging the real estate transaction making buyers Regulations vary by state and locality but here are a few specks keeping the process moving

Read More

Thinking about buying or selling a home around the Fort Meade MD area?

Thinking about buying or selling a home around the Fort Meade MD area?Here is what the experts see coming right around the corner near Fort Meade, Andrews Air Force Base and Pax River Naval Base.

Read More