High Market Expectations Based on “Foot Traffic” and Affordable Down Payments

Housing Market

Among all the market indicators we analyze, occasionally we take a look at foot traffic -‐ how many people actually are out there looking for houses.

The Market is still strong, though not as strong as it was last July and August.  We don’t have as many distressed properties for people to look at, but we are strong compared to what it was December, January, and February.  October2014 Foot TrafficThe reason those bars are red means that the foot traffic, the amount of people going out to take a look at a house, was relatively low.  We had all sorts of weather conditions in many parts of the Country at that period of time.

Since then, we’ve been relatively strong.  We expect over the next couple of months that those bars will go over to dark blue. We believe that we will have a more active Fall market because there is more and more evidence coming out that there are people on the sidelines, people who have not been going ahead and fulfilling their dreams.  The time is right for them to act now.

And the financial indicators say that they can.  “It is not that … potential home buyers aren’t qualified in terms of their credit scores or in how much they have saved for their down payment. Downpayments It is that they think  they’re not qualified or they think that they don’t have enough down payment,” says Housing Wire.

In June Freddie Mac reported a person “can get a conforming, conventional mortgage with a down payment of as little as five percent, sometimes with as little as three percent coming out of their own pockets.”

If you think you cannot afford to buy the house you want, call me now at 301-452-1409.  Let’s see what I can do for you!  — Hill

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F. Hill Slowinski, JD, REALTOR®   (DC, MD, and VA)2014 #2 Logo.25
W.C. & A.N. MILLER REALTORS,  A Long & Foster Co.
Residential and Commercial Property Sales

CHRISTIE’S INTERNATIONAL REAL ESTATE
Consultant, SLOANS & KENYON Luxury Real Estate
Board Member, The Greater Bethesda-Chevy Chase Chamber of Commerce
Member, Charles County Chamber of Commerce
#9 Agent in Washington Metro region
Top producer – Sales, Listings, Rentals 2013-2014
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OFFICE: 4701 Sangamore Road • Bethesda, Maryland  20816
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