The Ups and Downs of Real Estate
There is no question that the “trend” in real estate is improving. There are more homes being sold, prices are trending upward and mortgage interest rates are holding steady. All of these factors are good news for the real estate market.
Nevertheless, there are bumps in the road that may cause concern to buyers’ and sellers’, but it is important to keep your focus on the trends in the real estate market and not the bumps that happen. For example: The Centralized Showing Service provides REALTORS® with data that provides data of how many showings have taken place in a zip code during a specified time period. The report reveals that showings of homes dropped to virtually nil for a two-week period. It would possibly indicate to people that the market was slowing down: However, during that same period a heat wave hit the east coast that had the heat index in the triple digits for several days in a row – 118 degree heat index a couple of days.
A review of larger statistics continues to indicate that the market in Maryland and the United States is continuing its’ improvement at a steady pace. Bumps will always be there, but the trend is continuing to show a slow, but steady improvement in the market.
If you are thinking of buying or selling, talk to a real estate professional – talk to a REALTOR® – who can give you the information you need to make an informed decision.
As always, if I can help with any of your real estate needs, please feel free to text or call me at 301-712-8808.