As I make my way through day two of the new year an article on the internet catches my eye. Things that will cost more in 2014. So I clicked on the article and this is what I read.
After years of record low interest rates the Feds are expected to continue maneuvering with rates working their way up to 4.9% by the end of the year. This was #1 on the list.
Prices on homes started moving in 2013 and though we do expect growth to continue it will be a more 'normal' 3-5%. Yes that means home prices will be going up as the year progresses too. This was #2 on the list.
As a home seller this is very good news. Many homes that were under water will no longer be and possibly those who wanted to sell but couldn't will be hitting the market.
As a homebuyer this means a change in your purchase power. It also means that if one of your resolutions this year is to buy a home you may want to do so sooner than later. 2014 will not be the year to put things off.
Oh and about the stamps. yes they are going up once again from 45 cents to 49 cents.
To learn more about purchasing or selling a home around Annapolis give me a shout. Phone, text, email are all good ways to reach me.
In the meantime you may want to buy those forever stamps in bulk.
I'm here when you need me.
About the Author Martha Brown- As a third generation Annapolitan I love to write about my experiences in and out of the real estate market. Licensed since 1992 all with Long & Foster I am a Certified Residential Specialist (CRS) and a Seller Representation Specialist (SRS) whose passion is homes in the Annapolis MD area and surrounding communities. My goal is to help my clients understand the real estate market and to then make sound real estate decisions.
Martha can be reached at 410-260-2800 ofc or
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Martha Brown of Long & Foster Real Estate.
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Annapolis, MD 21403