Prince George’s County Housing Inventory Declining!
The inventory trend of existing fee simple homes in Prince George’s County is declining.
This translates to a 4.8 month inventory supply of homes. The market is gradually normalizing. Tighter inventories always lead to future price increases as demand begins to outpace supply. Historically, a balanced market is a 6 month supply of homes. Anything greater than 6 months is a Buyer’s market. Anything less, is a Seller’s market.
Bernanke urges Congress to establish clear path for housing recovery.
by KERRI PANCHUK,
Federal Reserve Chairman Ben Bernanke told Congress that creating a full-fledged alternative to Fannie Mae andFreddie Mac would be difficult in the near-term, but he urged lawmakers to lay a “clear path to a new housing financial system.”
Bernanke said a finalized blueprint for the next housing system could spark confidence in the private sector, kick-starting private-label securitization activity. The Fed chair suggested a housing recovery is impossible without a plan.
On behalf of Haverford Homes, we wanted to thank Yolanda Muckle and Gwendolyn Hill both of Long and Foster for two sales at Equestrian Estates this week. We appreciate your hard work!
