According to 14 economists who were surveyed by CNNMoney, 9 believe that the housing market is in recovery mode. This comes after receiving data from multiple reports that homes prices have continued their increases across the board.
The fact that we have seen improvements in the value of Silver Spring, MD homes should come as no surprise to those who have been staying on top of local real estate news. This region continues to be in high demand due to the constant influx of both government and private sector jobs in and near the nation’s Capitol, as is evident in an unemployment level that remains below the state and national averages. This will be further impacted after the election in November.
Another variable that remains below national and state averages: Housing Inventory. The low supply of homes for sale in Silver Spring, MD is driving up prices and putting some fortunate homeowners back in the black. These individuals are in a unique position to sell their homes because despite a less than stellar economy, homes that are priced competitively have incited bidding wars among frenzied buyers who are eager to cash-in on historically low interest rates.
If you have thought about selling your home in Silver Spring, MD but remained uncertain about the timing, contact Emcee Arah for a complimentary home valuation.
Emcee Arah of DeeCee Real Estate has a comprehensive understanding of real estate, acquired through years of experience and training. This combined with a reputation for integrity and exceptional customer service has earned him a place as one Silver Spring’s most trusted Realtors. Relevant awards and achievements include:
- 100% Club Remax
- Executive Club Remax
- President’s Club Remax
- Certified Freddie Mac CreditSmart Counselor.
Emcee is a member of the National Association of Realtors (NAR), Maryland Association of Realtors (MAR), the Greater Capital Area Association of Realtors (GCAAR), the Metropolitan Regional Information System (MRIS) MLS system, Remax International Network of Realtors, and By Referral Only Network of Realtors. He is also a Certified Distressed Property Expert (CDPE) and a Certified Investor Agent Specialist (CIAS)