Market Update for Glen Burnie, Anne Arundel County, Maryland for the week ending May 24, 2008
By June Piper-Brandon, Creating Generational Wealth Through Homeownership
(Coldwell Banker Realty)
The market made some adjustments this week with spring in full swing, with more buyers searching for their first or next home. The weather has been very wet and I think this may be having some effect on the number of home buyers looking for new homes. The number of new listings has increased and the number of homes going under contract has also increased. The numbers boast an improvement in the housing market here in Maryland. There is speculation though that this increase in market activity is just due to seasonal adjustments though rather than market conditions and the reduction in the federal lending rates. It will be interesting to see how this all changes with the changes in the FHA and Jumbo loan limits and adjustments in the interest rates. Overall, it's still a great time ...
Comments
0