The Jobs with BRAC Relocations Haven't Made Dent in Real Estate Inventories
The good news is, despite the hoop-la-la over the BRAC Relocations, much here has not changed in the real estate market.
Harford County, Maryland couldn't be a better location for people moving from Fort Dix/McGuire to Aberdeen and Andrews AFB.
Harford County borders Baltimore County, Cecil County and the Chesapeake. Although it encompasses Aberdeen Proving Grounds and is less than a 30 minute drive to Baltimore, Harford County is still considered a primarily rural county.
Home prices, because of the inventor and average length of time on the market, are back down to 2003-2004 levels. They are still falling, but the decent has slowed quite a bit as we have seen a slight upturn in activity.
The best time to buy a home is now. It has been over 30 years since we have seen interest rates at this level. Analysts expect to see 30-year fixed interest rates to remain at the 4.75 - 4.85% levels for the next couple of months. This is definately a buyers market. Credit availability, although tightened, is still being granted. We have not really had a problem with obtaining financing for our clients, even though the amount of request has lowered considerably. FHA is still loaning to credit scores in the 620's and 3% down. First time home buyers have been awakening with the fear of loss of the $8,000 tax credit by November 30th.
Many involved in the BRAC moves will probably not be first time home buyers, but the interest rates and home prices have definately contributed to the appeal of having to delve into the home buying market.
Aberdeen, Bel Air, Elkton, Forest Hill, Jarrettsville, Baldwin, Belcamp, Street, Darlington and other towns in Harford County sit amoung lush, green hills and a stones throw from fox hunting country. There is plenty of shopping in town, Rocks State Park, Ma & Pa Hiking and Bike trails, quite a few fitness clubs to choose from, horse back riding, swimming, golf, Harford Community College, Havre de Grace's waterside park and much more! You are less than 45 minutes away from the State line of Pennsylvania from anywhere in Harford County and close to Delaware and tax-free shopping.
Harford County offers the beauty and calm of country living with the economic benefits of Baltimore, Aberdeen Proving Grounds and D.C. in less than two hours.
If you are anticipating a move to Maryland because of BRAC or any other reason, visit http://www.bonnie.cox.pcragent.com . Just register by filling out the information on the type and location of home you are looking for and you will get free updates daily on the new listings fitting your criteria.
Have questions about Harford County Real Estate or need help finding a home? email me at bonnie.cox@prudentialcarruthers.com or call me, Bonnie Cox at 410-879-3880 or direct at 301-785-5368.
And finally? Enjoy the great weather. We've earned it!
Bonnie Cox, Realtor
Prudential Carruthers
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