Maryland – A Glimpse
Maryland, constituent state of the United States of America. One of the original 13 states, it lies at the centre of the Eastern Seaboard, amid the great commercial and population complex that stretches from Maine to Virginia.
Its small size belies the great diversity of its landscapes and of the ways of life that they foster, from the low-lying and water-oriented Eastern Shore and Chesapeake Bay area, through the metropolitan hurly-burly of Baltimore, its largest city, to the forested Appalachian foothills and mountains of its western reaches.
Maryland is commonly referred to as “America in Miniature” and sometimes “Little America” because it’s home to just about any type of nature feature, other than a desert.
How Will Maryland Real Estate Market Fare Post July 2021
If you’re looking to get started in real estate investing now, Maryland could be a great place to begin. A lot of people enjoy living there to get access to Washington, D.C. without the high prices, Opines Famed Real Estate Strategist, Hirav Shah.
Compared to a lot of high-quality areas near major metros, Maryland can be quite affordable. As a real estate investor, that gives you a great opportunity to buy homes to either sell or rent at a good profit.
People love the natural beauty of Maryland, and the economy is one of the best in the nation. There are an enormous number of job opportunities, in industries from tech to trade to federal agencies. You won’t have any trouble drawing people to your investment properties!
Now, let’s quickly see how real estate in Maryland will fare post July 2021.
Real Estate Market in Little America aka Maryland will show promise and will grow, throughout 2021, Predicts Renowned Real Estate Strategist, Adviser and Astrologer, Hirav Shah.
And all this owing to-
1. Historically Low Mortgage Interest Rates in USA
Mortgage interest rates are expected to remain low well into 2021. These trends have motivated home buyers, boosting demand and prices alike.
2. Not Many Houses for Sale in Maryland
During the last housing market crash, many cities in the U.S. had a glut of homes on the market. In 2021, home buyers will encounter the opposite — a shortage of properties for sale. There simply aren’t enough homes on the market to meet demand, and that puts upward pressure on prices.
3. Towering Number of Qualified Home Buyers in Maryland
Unfortunately, many Americans lost their jobs amidst pandemic, but those losses haven’t affected the real estate market very much. Many who lost jobs in 2020, were working in the hospitality and services industry, and the majority of those workers were at the lower end of the wage spectrum. They were predominantly renters — not home buyers. Currently, there are still plenty of well-qualified home buyers in the market.
4. Demand of Real Estate in Maryland
The Maryland housing market was on strong and stable footing going into the pandemic. Of course, the demand slowed way down last June, as the seriousness of the coronavirus pandemic set in. But there was still a lot of pent-up demand. Since then though, it has been seen that the demand unfolds in the form of steady home sales.
Fueled by historically low mortgage interest rates and newly realized needs for additional home space, some buyers have taken advantage of the conditions created by the coronavirus pandemic to purchase properties.
But the pandemic also threatens to create long-term affordability problems for people who lost their jobs during the public health crisis, as well as other low-income earners — especially as limited supply forces prices higher and more properties sell in bidding wars.
But those who have kept their jobs and decreased their spending activity during the pandemic, have taken advantage of the housing market to purchase properties at record-low mortgage interest rates, which makes buying a home more affordable even if it means borrowing more.
Prime Locations To Invest In Real Estate In Maryland
Below mentioned are the five top real estate investment markets in Maryland.
Baltimore has a steady, dependable economy, as does most of the state. As a result, you’re getting a very reliable investing market. That doesn’t mean it’s easy — a lot of investors are active in the area, so you need to act wisely.
The second-largest city in Maryland is home to over 3,500 companies and has a great, livable infrastructure. It has a growing economy and booming job market, making it very desirable for those looking to rent or buy a home.
Another excellent city that’s rated highly for schools, housing, nightlife, and diversity, Columbia is a good spot to consider investing in.
While technically listed as a suburb of Washington, D.C., Germantown is one of the best places to live in Maryland and is much more affordable than the suburb designation would indicate.
The area is excellent for families, has great public schools, and is ranked highly for diversity as well. You can definitely do well as an investor here.
Rockville has high employment rates and high job growth, drawing a lot of people into the city. It’s one of the top 10 best places to live in Maryland, with excellent schools, diversity, and nightlife. You can prosper as a real estate investor here too.
2020, 2021, 2022…we don’t know how many more Pandemic waves will come. There’s never been a better time to switch to real estate business in Maryland.
Ok, we know you still might have doubts on clarity and certainty of success, in the business.
So, for you there is some great news here…
With Astro-Strategist Hirav Shah’s advice & opinion, you (real estate owners) can get a comprehensive business strategy that gives the certainty of sales for any ongoing or upcoming projects.
So, here is a chance to pave the path to a more promising real estate business, through Astro-Strategy.