Annapolis Area Home Resource

Mona LaCovey,  ABR, CRS, CRB
Associate Broker
Certified Negotiation Expert (CNE®)

Featured Listings

Reviews

Home Prices Up 7% from Last Year

Home Prices Up 7% from Last Year | Simplifying The MarketAccording to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes for sale has led to upward pressure on home prices across the country, especially in areas […]

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Why Is There So Much Paperwork Required to Get a Mortgage?

Why Is There So Much Paperwork Required to Get a Mortgage? | Simplifying The MarketWhy is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was […]

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5 Reasons to Sell This Winter!

5 Reasons to Sell This Winter! | Simplifying The MarketHere are five reasons listing your home for sale this winter makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in […]

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Median Days on the Market Drops to 34! [INFOGRAPHIC]

Some Highlights:

The National Association of REALTORS® surveyed their members for their Confidence Index.
The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practiti…

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The Real Reason Home Prices are Increasing

The Real Reason Home Prices are Increasing | Simplifying The MarketThere are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are […]

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2 Charts That Show the Truth about Home Affordability

2 Charts That Show the Truth about Home Affordability | Simplifying The MarketThere is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. The naysayers are correct in the fact […]

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Low Interest Rates Have a High Impact on Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is […]

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The Cost of NOT Owning Your Home

The Cost of NOT Owning Your Home | Simplifying The MarketOwning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting a home is an intensely personal decision, […]

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Existing Home Sales Slowed by a Lack of Listings [INFOGRAPHIC]

Some Highlights:

The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
Existing home sales are currently at an annual pace of 5.48 million, the highest pace since Jun…

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About Mona

Relationships are the most important thing for me. One on one with understanding and a drive to get you the home you desire or sell your home for top dollar.

We can have all the experience and knowledge in the world, but if we don't make it work for you it's for nothing. We want you to be so happy with our service that you'll want to refer us to everyone you meet over and over again.

Mona LaCovey at the Annapolis Pier happy to be in Annapolis Real Estate.

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