We are definitely seeing a pick up in the local market in Frederick, County Maryland. I've been involved in 3 multiple offer situations in the last 3 weeks with 3 different buyers. I am amazed at the lack of inventory in the under $300,000 range. I looked at the available townhouses in and around Frederick City yesterday ( or should I say lack there of) and was astonished. But also pleased. things are looking up. We have been enjoying very pleasant mild weather for this time of year.
The first time home buyes seem to be coming back out. The income limits for USDA loans fro Frederick and Washington Counties have just been increased. The FHLB down payment assistance money is back as of the end of February. The CDA program is still available with great interest rates.
It may not last, but the activity in the market in what is traditionally a very slow time is very encouraging. Frederick County is expecting an influx of jobs in the next few years so that coupled with the low inventory of homes available should mean prices will be headed in the right direction in the near furture.
What great news for Frederick County MD.
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