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Latest articles about real estate in and around Annapolis MD

Is Homeownership Still Considered Part of the American Dream?

Is Homeownership Still Considered Part of the American Dream? | Simplifying The MarketSince the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many […]

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How a Change in Mortgage Rate Impacts Your Homebuying Budget

How a Change in Mortgage Rate Impacts Your Homebuying Budget | Simplifying The MarketMortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased […]

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What It Means To Be in a Sellers’ Market

What It Means To Be in a Sellers’ Market | Simplifying The MarketIf you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to […]

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2021 Real Estate Myth Buster [INFOGRAPHIC]

Some Highlights

There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape.
Here’s a little clarity when it comes to 5 common myths about the 2021 h…

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Buyer & Seller Perks in Today’s Housing Market

Buyer & Seller Perks in Today’s Housing Market | Simplifying The MarketRight now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to […]

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Why You Should Think About Listing Prices Like an Auction’s Reserve Price

Why You Should Think About Listing Prices Like an Auction’s Reserve Price | Simplifying The MarketFor generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price […]

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Should We Fear the Surge in Cash-Out Refinances?

Should We Fear the Surge in Cash-Out Refinances? | Simplifying The MarketFreddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one […]

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What Credit Score Do You Need for a Mortgage?

What Credit Score Do You Need for a Mortgage? | Simplifying The MarketAccording to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for […]

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Americans See Major Home Equity Gains [INFOGRAPHIC]

Some Highlights

Today’s home price appreciation is driving equity higher throughout the country.
If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move.
Now is a great time to put your eq…

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To Renovate or Not To Renovate Before You Sell

To Renovate or Not To Renovate Before You Sell | Simplifying The MarketWhen thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to […]

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What Is the Strongest Tailwind to Today’s Recovering Economy?

What Is the Strongest Tailwind to Today’s Recovering Economy? | Simplifying The MarketLast year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the World Health Organization declaring COVID-19 a worldwide pandemic. Two […]

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What Is the #1 Financial Benefit of Homeownership?

What Is the #1 Financial Benefit of Homeownership? | Simplifying The MarketThere are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is […]

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How to Make a Winning Offer on a Home

How to Make a Winning Offer on a Home | Simplifying The MarketToday’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical […]

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How to Be a Competitive Buyer in Today’s Housing Market [INFOGRAPHIC]

Some Highlights

With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home.
Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in ch…

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Will the Housing Market Bloom This Spring?

Will the Housing Market Bloom This Spring? | Simplifying The MarketSpring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will […]

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