A recent study by the National Association of Realtors (NAR) has concluded that the housing recession of 2007-10 has drastically lengthened the amount of time that home owners expect to stay in their current home. From 1985 until 2008, the length of time a seller had lived in their house held fairly steady: the median current ownership of homes listed for sale was between six and seven years.
For many people, especially in the Millennial Generation, the Internet is the go-to reference for the DIY (Do-It-Yourself) revolution. There are, however, some subjects that are bigger than the Internet can handle, and real estate is one of them. Someone who relies only on the web can get incorrect, inaccurate – - and even illegal-in-Maryland – advice and innocently make their lives a complicated mess. So, here’s a rundown of common Internet sources of information, and the cautions you might want to implement if you use them.
Urban Lifestyles, a family-owned real estate agency with longtime community roots and history of charitable giving, has joined the national Weichert franchise network. The new office, now known as Weichert, Realtors – Urban Lifestyles, is lead by broker/co-owners Mary and Ron Zimmerman, siblings who’ve lived in the Baltimore area their entire life.
There have been several positive reports on the real estate market to hit the headlines in the last 30 days, showing marked improvement in price and inventory in the national statistics. One news item even calculated that in 2016 the U.S. will surpass the number of existing housing units sold in the previous record-holding year of 2006, before the financial crisis.
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