It seems that despite rock-bottom interest rates, consumers aren’t flocking to real estate.  Traditionally, as rates fall, home prices rise, and at least locally in the mid-Atlantic, we’re seeing price stabilization, and in some counties, the prices have indeed started to rise.  However, consumers are having a tough time with creditor requirements for home loans.  I don’t think you should expect the easing of requirements.  Americans still need to reduce their overall debt and get their personal finances in order.

Until this is accomplished, the rising prices will moderate, if not fall once again to meet creditors’ requirements.  Like it or not, banks are in the business to make money, and they, not buyers or sellers, are the real entities who set market prices.  You can read more at: http://home-sweet-home.us/blog/tappedout

You can view the last 6 years of sold real estate price trends in 9 central Maryland counties by visiting:
http://www.home-sweet-home.us/blog/stats

You can also view current market conditions, selectable by individual county throughout the mid-Atlantic, by visiting:
http://www.longandfostersmarketminute.com