For Annapolis Home Sellers, it was a Busy News Week
DAVIDSONVILLE, ANNAPOLIS, EDGEWATER, ARNOLD AND SEVERNA PARK REAL ESTATE
In addition to last week’s earthshaking mortgage interest rate developments, a batch of other events that also could affect Annapolis home sellers made news:
- Annapolis home sellers who’ve been hearing that millennials constitute the next wave of prospective buyers might have been momentarily discouraged by CoreLogic’s new report, which included the dire-sounding, “only 40% of millennials feel financially confident enough to purchase a home.” (Those who know that there are 71,000,000 millennials would have fretted less).
- On the other hand, CoreLogic also informed Annapolis home sellers of their projection that the U.S. residential price index will rise 5.4% by January 2021. This January marked the 8th consecutive year that prices rose in the U.S.
- Last Friday, Freddie Mac’s chief economist put a number to the undersupply of American housing: 3,300,000 units. The reason continues to be outfall from the housing crash of a decade ago, which wiped out many homebuilding companies. For Annapolis home sellers, it’s part of why the prices for their properties are expected to continue to rise.
- An email ad for a security software company cited the FBI finding that the “average loss from a home break-in is $2,316.” Homeowners who have experienced a break-in know that the emotional toll can amplify the cost. That’s why Annapolis home sellers who have installed modern security systems are well served by being able to promote that feature prominently.
If you are thinking that this spring is shaping up as a prime season to list your own Annapolis home, you aren’t alone. Call me!
DEBORAH LAGGINI, Long and Foster Real Estate, Annapolis, MD 21403
REALTOR, Annapolis, Davidsonville, Edgewater, and Surrounding Communities