Maryland Real Estate Market News
Maryland real estate builders are confident that the nation-wide housing crisis has climaxed and is now recovering. According to a recent quote by Standard Pacific Corp’s CEO Ken Campbell, “The real estate market is weak. I think it will recover, but it sure as heck is not clear when it’s going to recover.”
Although unemployment remains elevated, real estate buyers and investors are regaining confidence and motivation. Washington has taken decisive steps on Wednesday August 4th by finalizing a $26 billion bill that offers aid for new tenants and home builders.
Laurel, Maryland real estate expert Brien Berard states:
“Maryland real estate is different from the rest of the country. Sales in Washington D.C. and the Maryland suburbs of Montgomery and Prince Georges counties increased 8.2% this June over last June of 2009. The housing inventory decreased a whopping 21%! A big reason for this is declining home prices.”
Maryland Real Estate Listings Are Now Affordable For First Time Home Buyers
The new September 30, 2010 tax credit extension Obama recently pushed helped thousands of new home buyers close this year. Due to conditions beyond the buyer’s control, the extension gives light to a steadily improving Maryland real estate market.
“Maryland real estate listings have become more affordable for first time home buyers,” says Berard. “It will be interesting to see how long the record low interest rates hold at their present position.”
For more information about the Maryland real estate market, visit www.mymarylandcastle.com or contact Brien Berard directly at (301) 604-0198.
Phone (301) 604-0198
Address: 13994 Baltimore Ave.
Laurel, MD 20707
Phone: (301) 604-0198