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Home values have been declining since the Frederick Real Estate market peaked in 2006.? The first 2 years of decline in home prices were in the double digits, but the previous 2 years have slowed to less than a 5% decline. We?ve seen the leveling off of home values here in Frederick County, with ever-so-slight increases in some neighborhoods.? Interest rates have hovered at historic lows, between 4 1/2% to 5%, adding to the affordability.
But some would-be buyers are still on the fence,? due to the insecurity of the economy.
Have you saved money by putting off your home purchase?
The cost of buying is at an all-time low. Interest rates are the major factor in the cost of a home.
As the demand for rentals increases, the cost of renting will increase.? Give us a call for a list of preferred lenders. They?ll go over the details of the cost of buying a home and help you determine how much home you can afford.
Related posts:
- Frederick Md Historically Low Mortgage Interest Rates
- Interest Rates Play A Large Role in Affordability
- Consider Cost of Commuting When Searching for Your Frederick Md Home
- Frederick County Real Estate Statistics ~ August 2011
- Good Credit is More Important Than Ever
Source: http://frederickrealestateonline.com/2011/10/09/renting-a-home-vs-buying-a-home-in-frederick-md/
tim wakefield tim wakefield jacqueline kennedy jacqueline kennedy jackie o john kennedy jr john kennedy jr
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