Frederick Maryland

2014

2014 Year-End Review

• Average Sales Prices were Stable
• Inventory increased 30% - 40% 
• The Number of Sales increased 13% over 2013
• 2013 Saw a Market Correction in Frederick, Md
• 2014 Saw a Return to a more Normal Market

2015

Overall Economic Conditions

• The Latest Jobs Reports show Good News
• Consumer Confidence 20% higher than previous year
• Rents have Risen steadily to a 7-year high +4.9% in 2014
• Many Expect an Increase in Demand Nationally
• Gas Prices have Plummeted

Give Me

Millennials

• Are Favored in the Job Market
• Are Moving out of Mom & Dad's Basement
• Are Forming Households
• Are Still Hopeful of Home Ownership
• Are Expected to Be the Next Wave of Homebuyers

Mortgage Rates 2015

Mortgage Rate Predictions

• The Fed has warned of Rising Rates
• Rates predicted to rise after June 2015
• Lowest Prediction: 4.8% (Fannie Mae)
• Highest Prediction: 5.5% (NAR)
• Some Dissenters Predict Rates Will Stay Low (Lou Barns)

Lending Standards Loosen

• Many Report Loosening Requirements
• Kiplinger Predicts Looser Credit Requirements
• Fannie Mae has Reduced the Downpayment to 3%
• Housing is Projected to be Affordable This Year
• Even Rising Rates are Historically Very LOW

The Highland Group

8923 Fingerboard Rd
Frederick Md
301-401-5119 Direct
301-831-8232 Broker