Annapolis Md Homes and More: From Stamps To Housing Things Are Going To Cost More In 2014

From Stamps To Housing Things Are Going To Cost More In 2014

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.  cost more

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.

 

 

 

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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 

martha@homesaroundannapolis.com.

When searching for Annapolis area homes for sale

there is no better place than

www.HomesAroundAnnapolis.com

 

Have a real estate question?? 

 Ask Martha

 

 
         Bringing 'Peace of Mind' since 1992                  
 
All Photographs and/or written material and content produced by Martha Brown. All Rights Reserved and may not be reproduced or reprinted without express written permission of

Martha Brown of Long & Foster Real Estate.

320 Sixth Street

Annapolis, MD 21403

410-260-2800 office

410-440-7839 cell/text  

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Comment balloon 42 commentsMartha Brown • January 02 2014 06:00PM

Comments

Martha

I liked your cleverness in this post, espeically about the stamps. Once again we are going to pay more for the same, if not worse, service. Good news for the market, especially for sellers. Buyers need to take action soon if they ARE ready to buy and qualifed. They may be paying more both for the house and the cost of getting a loan. It adds up quickly, especially in higher priced areas.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude - Carlsbad (Solutions Real Estate ) over 4 years ago

Thanks Jeff- the stamp thing is killing me as I have picked up my direct mail sending. ugh. As for buying a home its time to get serious if you have an inkling of a thought to buy. We are on the rise once again!! Happy New Year to you!!

Posted by Martha Brown, Your Homes Around Annapolis Agent (Long & Foster Real Estate, Inc., Annapolis MD 21403) over 4 years ago

Rising prices seem to be a given, something we can always count on.  They rarely go down.

Add rising gas prices to your list.

Posted by Mary Yonkers, Erie/PA Real Estate Instructor (Alan Kells School of Real Estate/Howard Hanna Real Estate) over 4 years ago

Good morning Martha. A good focus is always important. You're right, now is the time to buy and I just bought the stamps yesterday. Suggested.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 4 years ago

Great post Martha, buyers do think that homes will come down or they will be lucky enough to find that 'cheap' one...days are long gone...and those pesty stamps too!

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) over 4 years ago

Low inventory has allowed prices to rise, but in my area the general economy has not risen enough to support higher prices. With all the changes imposed upon us by the government,  2014 will be a very interesting year.

Posted by Karen Steed, Associate Broker Haralson Realty (Tallapoosa, Bremen, Waco, Buchanan, Temple, Carrollton) over 4 years ago

Whew!!! Thought meant food stamps! 

Posted by Greg Nino, Houston, Texas (RE/MAX Compass, formerly RE/MAX WHP) over 4 years ago
Oh no, not the stamps again! And it's usually one or two cents but this time four?! You would think the post office worker would have given me a heads up when I bought a roll of 100 stamps the other day.
Posted by Jeri Herl, CDPE, CLHMS, GRI (Keller Williams Realty Centre) over 4 years ago

Great post everything is going up...

 

 

 

Posted by George P. Cruz Sr., PSL FL CDPE, TRC, CIPS (DR Horton) over 4 years ago
Thanks for the updates, ever little bit of information helps.
Posted by Collette over 4 years ago

The price of homes goes up and down...but stamps only rise!

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) over 4 years ago

We will see how it all shakes out! 

Posted by David Demangos, REALTOR (Keller Williams Realty Carmel Valley / Del Mar) over 4 years ago

Hello Martha:

Sounds about right from my perspective.  We had double digit growth in my market area of Sun City Texas in 2013.  this year I think it will rise but only modestly.

Posted by Brian Rugg, Sun City TX Real Estate - Georgetown, TX Real Est (Rugg Realty LLC Sun City Texas 512-966-3200) over 4 years ago

I like your idea of buying forever stamps in bulk - best advice in your post! LOL

Have a Happy New Year

Posted by Debbie Cook, Silver Spring and Takoma Park Maryland Real Estate (Long & Foster Real Estate, Inc) over 4 years ago

Martha, I hate to see stamps going up but I'm glad the postal service is still in business. Definitely glad to see home values increasing! And the interest rates? Nobody was crying when the economy was booming in early/mid 2000's and they were at 6% plus! Have a great weekend!

Posted by Mitch Muller - Charlotte NC Real Estate, Certified Residential Specialist (ProStead Realty Charlotte, NC CRS SRES mitch@prostead.com) over 4 years ago

My stamps are 46 cents, Martha. I think you missed a stamp increase somewhere in there.

Posted by Cheryl Dukes . . . . . Intown Atlanta (Solid Source Realty, Inc.) over 4 years ago

I always buy forever stamps. As for housing 5% interest rates will mean zero appreciation this year in home prices..in some markets.

Posted by Edward Gilmartin (CRE) over 4 years ago

I've been saying for a long time that the "Perfect Storm" in real estate with a combination of low home prices and low interest rates was going to come to an end and it started to in the last half of 2013. Look for both home prices and mortgage interest rates to continue to rise in 2014 along with the price of stamps.

Posted by Alan Gross, Loan Consultant (PrimeLending, A PlainsCapital Company, Equal Housing Lender) over 4 years ago

Stamps going up AGAIN. I have some branded stamps left over from the previous change. Maybe eventually I will use them all, along with a buncha one cent stamps....

Posted by Travis "the SOLD man" Parker; Associate Broker, email: Travis@theSOLDman.me / cell: 334-494-7846 (Team Linda Simmons, Enterprise, AL 36330) over 4 years ago

A rise in home prices also means a rise in income ! I always buy the "forever" stamps !

Posted by Michael J. Perry, Lancaster, PA Relo Specialist (KW Elite ) over 4 years ago

Mary- Funny but gas prices were not on the list I saw. Food, tuition, health care were on and of course stamps but not gas. Another bright spot maybe?? :)

Sheila- heading out for mine on Monday

Ginny- Yes the days of home prices going down down down are definitely over. Back to homebuying and not bargain buying.

Karen- Some areas are still waiting to feel the rise in home prices and your area may be a hot bed of good buys still.

Greg- ha!!

Jeri- I would have thought he would have too. Its actually 3 cents as the price now is 46 cents. me bad. I missed an increase.

George & Collette- You are welcome

Gary- yep

David- sure will. we dont have a choice do we? :)

Brian- Texas has certainly been one of the bigger players in the housing recovery. Keep up the great work.

Why thank you Debbie

Mitch- Great positive thought process. Go get em and have a great year.

Cheryl- You are right. I missed one. :0 Thanks for catching

Edward- Me too and yes some markets may take longer to adjust to rising interest rates.

Alan- Well good morning, Yes you have and onward we go. Keeps us all on our toes. :)

 

Posted by Martha Brown, Your Homes Around Annapolis Agent (Long & Foster Real Estate, Inc., Annapolis MD 21403) over 4 years ago

Martha - I suppose I have a different take on the mortgage rates increasing this year.  Yes, while they will be higher than the low of mid-three percent for a 30-year conventional loan a year or so ago, 5% is still considered in the historic low category.  It's funny how we all seem to forget what used to be!  As a 23 year old buying my first condo in 1982, I had to agree to a 17.99% loan interest rate!  When rates dropped under 10% years later we thought it was time to celebrate!  It's all a matter of perspective, however with this latest increase to the mid to upper four percent 30-year fixed loan rates it has already impacted some potential buyers.  It will be interesting to see how 2014 unfolds in this regard.

Posted by Greg Mona, YOUR Local Real Estate and Design Resource in AZ! (Platinum Living Realty) over 4 years ago

Travis- Yep they are. Forever stamps are good forever though so go get em.

Michael- Can not comment on that as I have not witnessed a noticeable increase in income in my neck of the woods

Greg- I agree you do because you have some 'history; with you just like I do. The challenge is that many of today's buyers do not have that history so increases from 3% to 5% is major in their life time.

Posted by Martha Brown, Your Homes Around Annapolis Agent (Long & Foster Real Estate, Inc., Annapolis MD 21403) over 4 years ago

Not to mention Obie-Care and all the new taxes that brings. Too bad Obie did not give Realtors an exeption like the unions and so many others received.

Posted by John Rakoci, North Myrtle Beach Coastal Carolinas (Eagle Realty) over 4 years ago

Rates and stamps like everything are going up. What was just doesn't matter. Buyers look at what todays world is going to bring.

Posted by Bill Reddington, Destin Florida Real Estate (Re/max Southern Realty) over 4 years ago

Just what we need right now when things are finally looking better---- inflation!

Posted by David Evans, HUD NLB Cumming GA (RE/MAX TOWN AND COUNTRY) over 4 years ago

I remember dancing for joy when we got 10% and NO points!

Posted by Marte Cliff, your real estate writer (Marte Cliff Copywriting) over 4 years ago

Great post one more reason for home buyers to purchase now and not later. Thanks for sharing.

Posted by Pat Champion, Call the "CHAMPION" for all your real estate needs (Coldwell Banker Camelot Realty) over 4 years ago

It's about time the price of stamps increased - I'm tired of paying the lower price.

Posted by Raymond Denton, Simple Man (Academy Mortgage Corporation) over 4 years ago

Dear Martha,

It had to happen at some point.

Posted by Dörte Engel, ABC - Annapolis, Bowie, Crofton & rest of Maryland (RE/MAX Leading Edge) over 4 years ago

You may also want to factor in ObamaScare. 

Posted by John DL Arendsen, Crest Backyard Homes "ADU" dealer & Contractor (CREST BACKYARD HOMES, ON THE LEVEL GENERAL & FACTORY BUILT HOME CONTRACTOR, TAG REAL ESTATE SALES & INVESTMENTS) over 4 years ago

and don't forget the cost of a mortgage due to G Fee increases etc. The gov wants inflation well here we go in the wrong way.

Posted by Ron Aguilar, Mortgage & Real Estate Advisor since 1995 (Continental Mortgage) over 4 years ago

If buyers have the resources and can qualify to buy a property regardless of the standard finance rate, they have the freedom to buy regardless of the property price. Unfortunately, not many have the resources or are qualified but we should all afford an increase in the price of stamps.

Posted by Kimo Jarrett, Pro Lifestyle Solutions (WikiWiki Realty) over 4 years ago

Unfortunately the cost of most things tends to increase over time. Including homes and yes stamps too.

Posted by Bruce Swedal, Denver Real Estate over 4 years ago

In my local area the buyer pool is not as wide, but yes prices are up.  Average DOM 226.  Affordability is probably what it should have been in 2007.

Posted by Dwight Puntigan, Dwight Puntigan (DRP Realty, LLC) over 4 years ago

obamacare?  a budget crushing trainwreck
the new 3.9% obamacare tax on real estate flip profits...more trainwreck...4%!
rising interest rates...5% is a GREAT deal for 30 yr. money,  borrow all you can
new higher fees for the FHA loans...no surprise...govt. can screw up a wetdream

but...
i still say a stamp is a smokin deal.   i can have some one come to my house, pick up a letter, transport it across the town and deliver it for 50 cents.  i can't start my truck for 50 cents.   and i just bought a HUGE TV for my kid for less than my last bar-tab...so it ain't all bad.

happy new year everyone and lets all make so much money we just don't care about the details!

Posted by Michael Ford, California+Hawaii+Oregon over 4 years ago

I agree with Mike above. No one out there is really looking at the cost of Obama care. For the ones who signed up the cost that is extracting the life out of their budgets, five hundred a month for the average middle class family is just way to much. The tax for the ones who cant afford to sign up is a slap in the face. You cant afford to sign up so I'll tax you to pay for the ones we are giving insurance for free. The ones who will get hit by the tax are Middle income, responsible taxpayers who just don't have disposable income. Big Train Wreck for the Housing market.

Posted by Janine Boulay-Seibert, NC & GA Real Estate Broker (Remax Town & Country) over 4 years ago

i hadn't really thought much about the way that the hyper-expensive, mandated obamacare premiums will cut into budgets for homes but they most certainly will do so.  this topic needs to be explored more fully.  thanks for redirecting my train of thought Janine.

in my case the premium is almost exactly 2x my prior rate.  and the deductible is more than double.  i see many folks paying the 'fine'  the first year as it's just $95, but the real impact will come on 2015 and beyond.  i didn't bother to explore what the price would be with one or two addiitonal family members.  i think i will refrain from doing so...i don't need the shock.

 

Posted by Michael Ford, California+Hawaii+Oregon over 4 years ago

Yes, we see increases, but the Obamacare will definitely hurt most buyers and sellers.

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty, Martha Hilton, Broker) over 4 years ago

Janine, you are spot on!  I was FORTUNATE enough to have my Florida Blue Policy reinstated but at an extra 240$ per month yet still far below the total cost of $1338 per month that I would have had to pay if I signed up for OBAMACRUD.  By the time everyone figures out exactly how terrible this bill is for those of us who work hard to support everybody else, it will be too late to fix it. 

Posted by Marnie Matarese, Showing you the best of Sarasota! (DWELL REAL ESTATE) over 4 years ago
Obama Care will hurt the economy. Obama is stripping away our freedom and shredding the constitution. 2014 and beyond should be interesting.
Posted by Paul over 4 years ago

Sorry ladies & gentlemen. I am turning off comments. This wasnt meant to be a political post in any way.

Posted by Martha Brown, Your Homes Around Annapolis Agent (Long & Foster Real Estate, Inc., Annapolis MD 21403) over 4 years ago

Participate