Today I decided to start a blog to become a source for the local real estate market and trends in Anne Arundel County and Surrounding areas in Md.

So I begin...

2014 Projected to be a Good Year for the housing market:

 Positive outlook due to some of the following factors

* Job Creation
*Mortgage rates still historically low
*Home Prices still show moderate to significant gains
* Consumer confidence on the rise

Some Mortgage Changes for 2014

*DODD-FRANK regulations go into effect January 2014

* Ability to Repay (ATR)
        - Stringent income requirements
        - Inclusions of all debt to income
        - 43% debt to income ratio cap

2014 Outlook , Source: MBA October 2013 Forecast

                             2013     2014

GDP Growth       1.8%       2.4%
Inflation               1.7%       1.9%
Unemployment    7.5%       6.9%
Fed Funds            0.2%       0.2%
10 yr Treasury     2.3%       3.1%
30 yr  Mortgage   4.0%       4.9%
New Home
      Sales
  ( Thousands)      444         492
Existing Home
     Sales
   (Thousands)     5,179        5,441

For more information or a current market minute report visit my website amandacallahan.lnf.com or email me @ amanda.callahan@lnf.com