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Area Real Estate News & Market Updates for Silver Spring MD
Area Real Estate News & Market Updates for Silver Spring  Montgomery County Maryland   
    The market report for Silver Spring MD for August 2012 has good news and badLets take a quick look at the report for Montgomery County Maryland in generalThe bad news first: In May there was only 69000 jobs added for the whole United States.The good news is that the private sector generated 1.8 million jobs between May 2011 to May 2012Our local economy is tops when it comes to job creations and economic conditions. .that is the good news!Unemployment rate is 5.6% in Maryland compared to the rest of the countryThe laws of SUPPLY AND DEMAND are forecasting what the end of the year and the start of 2013 would look like, ,PRICES ARE CERTAIN TO GO UP BECAUSE OF LOW INVENTORY AND A GROWING POOL OF BUYERS. AS THEY FIND THEMSELVES  UNABLE TO BUY & COMPETE WITH OTHERS FOR THE VERY FEW LISTINGS OUT THERE.   CHECK MONTGOMERY COUNTY OVER ALL NUMBERS Activity in the Real Estate market is high . .but inventories  are at record lowsEasy to figure this out. .A lot of people want to sell but, their equities are still too low to motivate them.Most of the inventory is coming from the MUST SELL homeowners to short sales and a few foreclosures out there.If you are a buyer, my advice is to act quickly and ... more

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