2017 Predictions for Baltimore Metro Area Homes

By
Real Estate Agent with Coldwell Banker Residential Brokerage
http://activerain.com/droplet/4Yv6

Out with the old, in with the new. Happy New Year! 2017, like every new year, offers opportunities for hope, success, change, growth and improvement. May it be your best year yet! The 2017 predictions for Baltimore Metro Area homes are based on the most recent trends in the housing industry.

 

A friend recently commented, "I'm excited for 2017. I put my decorations away for hopefully the last time in my current home. The next time I get them out, I'm hoping it will be in my new home." Are you or someone you know in a similar situation? What does 2017 hold for anyone who's thinking about moving? While there's no crystal ball to predict this new year, there are several 2017 predictions for Baltimore Metro Area homes.

 

Prices of Baltimore Metro Area homes have risen and are expected to continue rising modestly. Newly updated tax assessments are beginning to reflect the increase in home Baltimore metro area homes for salevalues. What does this mean?Anyone who is thinking about selling a Baltimore Metro Area home may likely benefit from increased prices. Anyone who is thinking about buying will continue to find a variety of Baltimore Metro Area homes for sale in a variety of price ranges.  

 

Interest rates, which have risen, still remain low. Fortunately, a variety of loan programs are available which increase a person's ability to buy a Baltimore Metro Area home. FHA loans continue to require a low 3.5% downpayment. USDA loans, which are available in Northern Carroll County, require no downpayment whatsoever. USDA is a great loan for buyers who have good credit and steady employment, but lack the funds for a downpayment. The Maryland Mortgage Program provides downpayment and closing cost assistance to qualified buyers. Other types of loan and loan programs are available a well. To learn which option is best for you, ask your real estate agent for the names of some recommended lenders. Different lenders offer different options, finding the one that is best for you is essential to buying a Baltimore Metro Area home. Will there be additional rate increases? Perhaps. If you've been thinking about making a move, sooner may be more advantageous than later.

 

The number of Baltimore Metro Area homes for sale (inventory) is expected to remain low. This creates less competition for home sellers, and greater demand. Sellers enjoy the reduced competition. Fewer homes for sale increases the chances of selling quickly. Thinking about buying? Fewer homes for sale equals fewer homes from which to choose. However, establishing a relationship with a real estate agent in advance will get you over the hurdle. Your real estate agent will be able to inform you of new listings the day they become available for sale. Your real estate agent will also be able to share advanced knowledge of Baltimore Metro Area homes that are "coming soon". Acting quickly to get your dream home will help you get it before another buyer comes along. 

 

Lenders of mortgages have been subject to strict standards, which have made home buying more difficult for some people. There is speculation the standards may be loosened by the new government administration. No one really knows what exact changes may take place. However, some relaxed changes could make buying easier for many people. 

 

 baltimore metro area homes for sale in 2017

 

 

 

If you're thinking about selling in 2017, check out www.WhatsMyMdHomeWorth.info.  No phone number is required and there's even a bonus guide, "Secrets to Preparing a Home to Make the Most Money" you can immediately download. Who doesn't like a freebie?

 

Wish you could buy a Baltimore Metro Area home but aren't quite ready? Or maybe you know someone who would love to eventually buy a home but now just isn't the right time. Check out www.RentToOwnInMd.info for a solution. This rent-to-own program is a unique way to choose the home you would like to eventually buy, and allows you to rent it for up to 5 years before buying. This program is perfect for anyone who is working to improve a credit score, establish a work history or save for a downpayment. It's also ideal anyone who is transferring into a new area but doesn't want to buy a home right away. Regardless of a person's needs, this program is a viable option to achieving the dream of homeownership. 

 

Need a pro to assist you in buying or selling a Baltimore Metro Area home?

Click here to get started! 

Posted by

Melissa Spittel, Carroll County Maryland real estate agent 

 

 

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Topic:
Real Estate Market Trends
Location:
Maryland Carroll County
Tags:
home buying
home selling
real estate trends
market predictions
baltimore real estate

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Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Melissa E. Spittel - wow! Low inventory still remains the highlight for most areas in the US. I am sure this will make the market more stable and steady during 2017.

Just a quick request - why don't you include this entry for this month's ActiveRain contest  (and earn some points, too!) - 

Get Out Your Crystal Balls: What is your prediction for 2017 Contest

Jan 02, 2017 08:41 AM #1
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130,546
Melissa Spittel
Coldwell Banker Residential Brokerage - Westminster, MD
"Achieving Results Together "

Praful Thakkar Thanks for making me aware of this month's contest, I wasn't aware of it! Yes, I will include this blog post. Happy New Year!

Jan 02, 2017 12:36 PM #2
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Melissa

Thank your for sharing your insight for the Baltimore Maryland real estate market in 2017.

Lou Ludwig

Jan 06, 2017 07:49 PM #3
Rainmaker
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Melissa Spittel
Coldwell Banker Residential Brokerage - Westminster, MD
"Achieving Results Together "

Thanks for stopping by Lou Ludwig 

 

Jan 07, 2017 05:23 PM #4
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

There are some good predictions, Melissa.

Without a doubt, 2017 is going to be a year of transition, not only in the political and policy arenas but also within real estate. It is driven by changes in legislative, MLS, and market forces. 

Feb 04, 2017 12:57 PM #5
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Melissa Spittel

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