Vinny Steo
Vinny Steo
Owner/Broker

Market News

Home-Buying Demand Surges 17% from Pre-Pandemic Levels

Home-buying demand is now 16.5% above pre-coronavirus levels on a seasonally adjusted basis, driven by record-low mortgage rates Demand for homes is far outpacing housing inventory. 45% of homes were on the market less than two weeks for the first two weeks of May. 3D and virtual homes tours are becoming increasingly more popular as […]

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Central Maryland April Housing Report

Mortgage Rates Reach All-Time Low According to the April housing report, the size and depth of the secondary mortgage market is helping to keep rates at record lows. These low rates are driving higher refinance activity and have modestly helped improve purchase demand from their extremely low levels in mid-April. While many people are benefitting […]

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Harford County COVID-19 Real Estate Update

The third month of the year continued the streak of increased home sales despite very low inventory according to Maryland Realtors Association. March represents the first full month after the coronavirus became a global pandemic striking the U.S. on a large scale. Even as we all adjust to the new landscape of social distancing and […]

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March Housing Market Update

The March housing market showed robust price growth based on home prices. Accordingly, median sale prices reached ten-year highs in Washington D.C. and Baltimore Metro Areas. New listings inventory continues to retract. The Baltimore Metro area celebrated its best March median home price in the past ten years. It is also one of the top […]

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Real Estate Post-Pandemic Rebound

  As people ponder selling and buying homes amidst the post-pandemic rebound and economic climate, there are things to consider. In my post several weeks ago Selling your home in time of uncertainty, I mentioned that real estate markets are not affected by short-term economic turmoil. The real estate process can take 4 to 6 […]

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