Where are home prices in Waldorf MD going?? Homes in Waldorf, MD?
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Where are home prices in Waldorf MD going? Homes in Waldorf, MD?

Skip Young Skip Young

Skip Young

Sales Associate Alexandria Toyota

发布日期: 2020年8月12日
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?What about the economy and housing recovery?

Where are home prices in Waldorf MD going?

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Skip Young Realtor

The economy is about housing recovery, we're home prices are going in really that's causing people to move right now. So let's go ahead and get started from “The Wall Street Journal to start with and says a strong economic recovery depends on effective and sustained containment of covid-19, said in the latest monthly survey by The Wall Street Journal with 91% of business recovery depends on containing the pandemic. So are we here in August? Free depends on effective and sustained containment of covid-19. Economists said in the latest monthly survey by “The Wall Street Journal with 91% of business and academic, will stronger economic recovery depend on containing the pandemic. So where we know we are here in economic strength, depends on if we are going on the treatments available, that the vaccines are available, things that are in the process and to be largely dependent on being able to go out safely interact with one another. 

I think about the last several months in what's happened with this external help prices and how it is impacting our economy is now. We're starting to get a look at what's going on with consumers into what I want to bring in here. It's just a look at consumer spending, as compared to January 1st. So when we look at this you can see it clearly, it's different Industries you know. 

For you who are in the grocery business, over the last several months with everybody eating at home and you know, people not being able to go out in the restaurants. Some of those in many states are shut down during quarantine. The grocery business has grown during that time. but other businesses have fallen, you see that deep fall they're really at the end of March. In early April hitting a bottom and starting to come back up. We're looking at right now economically speaking if it varies by the different types of business Apparel in general business is starting to head back.

Bottomed out businesses are recovering and heading that way now we're right here finishing up the second quarter. We finished that up about a month ago and now we're in the third quarter and I want to go back and just talk about it to remember where we started talking about this. We're saying what we would see with GDP shown in the second quarter of the forecast, in which experts deliver the average was right at 31 negative 31% meaning now what actually happened estimated by 32.9%. So very close to what these experts said, would happen in the second quarter so I would offer you right now if we're looking at what those experts said then we have to look at what they're saying right now.

Encouraging relative to economic recovery in those same analysts just forecasted we have a few more for Q3. So you can see last year, the three out of the original five forecasters in the the right on the blue or the additional free forecasters and all them anywhere from 15 to 85%. New Economic recovery over the last quarter of the second quarter as we go forward so we're starting to see economic recovery happen and their lot of questions going into not saying that that's not the case but we are seeing economic recovery happen and that we're very much on average correct in the second quarter. Looking at what they're saying going into the third quarter, this is an interesting perspective for “Morgan Stanley” here but Chic investment officer Lisa Shalett says “is indeed the worst ever GDP reading could be followed by the best ever growth in the third quarter”. So deep down we're seeing you know certainly businesses that have been impacted but then we're seeing this rebound back from it some quicker than others. 

 Housing and economic recovery behavior. 

 So we followed showing time since the start of this to say, okay that's going to give us that leading indicator of people going out looking at houses. You can see here the number of weeks in the middle of May that we've seen a weekly showing up as normalized. January saw this dip down in late March and April, but coming back people are going to know what we're going to go out and look at that house for the reasons that we had for looking for a home. Changed or have grown or become greater during this time it shows us that now or I will say, I do believe a lot of that is filled with pent-up demand. Those it couldn't get out in the spring or have plans to go to buy a home in the spring and an Ender Market is is very very strong coming from from Ivy zelman, she says “this weather in terms of pending contract activity or proprietary buyer demand ratings the various measures of the man captured in this month survey can only be described as shockingly strong covid-19. 

I came back. We've looked very often at the North, a housing market recovery index in this next really takes for things demands price and time on the market and binds us together and spent in creating this index in NC. The dip down and and and Rise back up here and we're now at a point that is above the February 1st. Baseline certainly not this year. Ahead of where we would have been had we not gone through that index is now reading above where we were in February. First thing he told we're we're recovering strongly in that aspect. I think the question that starts to come up in a lot of people's minds and talk a little bit about this is what's going to happen to prices and what is going on with prices. I have talked about the experts should have said hey and we may see price depreciation during this time Quicken Loans came out and said “This pandemic has not stopped a consistent home price growth of recent years and I think this is indicative of the other recovery in coming through that we've seen housing literally become more important. Through this pandemic becomes more important really driving that man now that there's a large range of projections on what's happening with housing prices if you saw this before this is a collection here of 9x / 2. What they're saying about housing prices anywhere from 4.4% appreciation 4.4% appreciation all the way to the very right to about 1% depreciation now the interesting thing here is that CoreLogic just revised their estimate they were saying originally we're going to see about 6.6% depreciation. Blew us away. We talked about our research team and reached out to CoreLogic we respect because “We believe supply and demand will always dominate pricing.” We see those being very strong. Appreciation going in the next 12 months to read this last month's forecast of a 6.6% home price to climb through May 2021 has been revised as projected unemployment rate Improvement recent rebound of home sales to just the pandemic. Did not derail home buyers if anything I wouldn't reject their it's made home more important who continue to be motivated by historically low mortgage rates. This coupled with the declining supply of homes for sale and shield home price growth from the impacts of the current economic uncertainty as a result of the latest forecast reports. Waldorf MD home prices with a client at 1% between June and June 20-21 made their forecasts but again the story right now across the country is that as we look at listings they're lower than they've been even though we continue to bring listings to market.

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If you are stationed here and are looking to purchase or sell a home please contact Skip Young Realtor?:

Skip Young Realtor? with Reviews as a Realtor?, has an extensive background in working with an Elite Unit while serving his country from 91 - 94. Now an Award-winning Realtor?, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in Washington DC, Maryland or Virginia. Military bases such as:

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Waldorf Maryland Realtor? - Skip Young Realtor?

If you are stationed here and are looking to purchase or sell a home please contact Skip You are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in Washington DC, Maryland or Virginia. Military bases such as:

Skip Young Realtor? with Reviews as a Realtor?, has an extensive background in working with an Elite Unit while serving his country from 91 - 94. Now an Award-winning Realtor?, located in Waldorf MD, has proven not just in the ranks of the field with an Elite unit in the Army, but also in the Maryland Real Estate Business. By working with every type of client, to include active duty and veterans alike. His dedication to helping those who are serving and need to use their VA loan, need information on leasing a property due to a short-term duty station at any one of the bases here in the Washington DC, Maryland or Virginia. Military bases such as:

There are currently 23 million veterans and service members right in your local community of Washington DC, Maryland, and Virginia. They transact over $153 billion annually in the Local Real Estate purchases and Selling of Property, along with the Rental Market. Learn how you can help tap into and serve the veteran community with VAREP, the Greater Annapolis Chapter. Skip Young your Waldorf MD Realtor? and Veteran is still continuing to serve my country by helping our community of brothers and sisters by representing the Government Affairs division. The position is about assisting in changing the laws that help protect veterans and service members who need to find housing in the Washington DC Maryland and Virginia area.


Skip Young Realtor?

137 National Plaza Suite 300 National Harbor, MD 20775

(301) 337-1999 www.skipyoung.com skipyoung.com/

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