DAVIDSONVILLE, ANNAPOLIS, EDGEWATER, ARNOLD AND SEVERNA PARK REAL ESTATE
For astronomers and TV weather forecasters, this Monday marked a red-letter day. It now seems as if the same could be said for Annapolis’s market prospects.
In the wee hours, the Sun arrived at one of the two places in every year where its path across the sky crosses the celestial equator (the imaginary line above Earth’s equator). Of course, for Annapolis residents, the reality is that it’s pretty much a non-event. Weather-wise, the equinox is an abstraction. The change of seasons creeps slowly, day-by-day, Monday being no exception.
Still, at Tuesday’s dawn, the last day of Annapolis’s summer has passed. Whether you call it ‘autumn,’ ‘fall,’ ‘Indian Summer,’ or anything else, the new season is upon us.
And in Annapolis real estate terms, it brings new reason to suspect that this fall could be a busy one. One indicator came last week, as Reuters noted that U.S. home sales “unexpectedly rose to a 17-month high” in August.
More directly, last week’s second straight cut in the fed funds interest rate augurs well for Annapolis sellers and buyers alike. With lower Annapolis mortgage rates “continuing to encourage buyers off the sidelines” (Reuters), it wouldn’t be surprising if the market continues to heat up. Despite the Sun’s ducking down past the Equator, it looks to be a propitious time to buy or sell Annapolis homes. That makes it an equally propitious time to give me a call!!
DEBORAH LAGGINI, Long and Foster Real Estate, Annapolis, MD 21403
CELL 410.991.6560
EMAIL [email protected]
REALTOR, Annapolis, Davidsonville, Edgewater, and Surrounding Communities