Jennifer M Malcolm

Owning a home is a wealth-building investment! nar.realtor/newsroom/middl…

Among 49.5 million rental housing units in the U.S., nearly 46% of them are small rental properties of 1-4 units. Over 70% of the small rental properties (1-4 units) are owned by individuals. spr.ly/6018OGlLY

Wondering if you’ll recover the cost a specific outdoor project or upgrade when you go to sell your home? Check out the chart with ROI estimates from NAR Research:

“The 10-year Treasury yield fell to 3.51% from 3.98% the previous week. Following the yield trend, mortgage rates could fall below 6.5%.”

In 2022, first-time buyers that went from renting to buying decreased to 64% while those moving from the home of family or friends to buying increased to 27%. With 15.6% of 25-34 year olds living at home w/family in 2022 per NAR, it’s likely we’ll see this trend continue in 2023.

“Mortgage rates will likely drop even further this week, as there weren’t any big surprises from the Federal Reserve’s meeting today.”

July Market updates for Ocean Pines and Clear Spring: 22 of 31 homes sold in OP the past 30 days and 2 of the 5 homes sold in CS closed at or ABOVE the asking price. Let me know if you’re interested in buying, selling, would like a CMA, or just have market questions!

Mid-July market updates for Washington County, Ocean Pines, and Ocean City, Maryland. linktr.ee/jennifermalcolm

From NAR: ‘Accdg to Freddie Mac, the 30-yr fixed mortgage rate dropped sharply by 40 basis points to 5.3%…home buying is about 5% more affordable than a week ago. This translates to about $100 less every month on a mortgage payment.’ Graph from keepingcurrentmatters.com.

Interesting take on local & national economic impacts of a home sale. DC had the second highest w/$280K.“Real estate has been, and remains, the foundation of wealth building for the middle class…accounting for nearly 17% of the GDP.” ow.ly/pOmo50JKFAt

“I don’t expect to see the same sharp increases that the market experienced in March and April. It seems that mortgage rates have already priced in some of the effects of the upcoming Fed’s rate hikes,” says NAR's Nadia Evangelou. via @MarketWatch ow.ly/NPx550JOEcb

Pending home sales crept higher in May, ending a six-month streak of declines. However, year-over-year contract activity slid across the U.S. ow.ly/9qNa50JMAce

Smart-home technologies and related services can help older adults make their daily tasks easier and improve their overall quality of life. ow.ly/zF4050JMFHN

Is it a concern? From a macroeconomic perspective, not really. There has been a huge gain in housing asset valuation. The gap between the asset and debt is equity, which as can be seen from the chart is quite massive.

"The bond market indicates that mortgage rates may drop further this week, remaining below 6%."

As we celebrate Independence Day, let's take a look at the typical American home.

The most important quality in a mentor, teacher, or coach is not how much they know. It's how much they care. Caring is more than taking pride in your success. It's feeling joy as you progress. The people you want in your corner are the ones who celebrate your growth.

So true! 🧡

If we don't teach young boys that it's okay to have emotions or that it's okay to be vulnerable, they'll never grow up to feel like it is. @Kschwart @everforwardclub @BranchSpeaks kqed.org/mindshift/5626…

Senior Casey Douglas said the experiences at Hancock have become "a permanent fixture" of the new graduates' identities. "All of us were always, first and foremost, students at Hancock," he said. heraldmailmedia.com/story/news/202…