In 2013, we saw an unexpected upturn in the housing market. According to a recent article by Realtor.com, home prices rose quicker than expected and while mortgage rates also increased, they still remained at a very attractive low level. We also saw bidding wars/multiple offers return for the first time in several years. These trends were also very much true for us locally in Huntingtown MD, Dunkirk MD, Chesapeake Beach MD and the surrounding areas of Calvert County MD.
As 2013 comes to a close and real estate experts predict where the housing market is headed in 2014, a look back reveals several trends.
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