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2015 Predictions for the Real Estate Market

by Don DeHanas, Broker

Buying and selling a home has certainly been a roller-coaster experience over the recent past, and I predict will continue to be full of interesting twists and turns in the near foreseeable future.  Certainly the anticipation of political changes has brought transactions like short sales to a snails pace.  Congress has yet to make a call on the extension of of the Debt Forgiveness Act of 2007, and the short sale process has not gotten any easier since they first became popular 6 years ago. It is doubtful we will see much progress after the election as the lack of bi-partisanship continues to negatively effect the pace at which recovery is happening. Even with the slow pace of short sales, they continue to be the most responsible way a homeowner can avoid Foreclosure.

There are a number of indicators which tell us that the market we are currently in is likely to remain much the same with regards to the number of short sales and Bank owned sales. But also signs that a slowing may be on the horizon, and even predictions of a decline in home values.

I have noted that in the past 30 days I am seeing a softening of the local market.  September is certainly not running at the same rate in terms of real estate activity, as July was. My peers from all across the country are experiencing similar happenings. August stats for the Nations resales and new construction are also down over last year.

On September 18th, 2014, a former Goldman Sachs executive delivered an 18 page report to the White House that has many banking institutions alarmed.  He warns of an adjustment in the current home values by as much as a 15% decrease over the next three years, which could wipe out all of the gains we have seen in the current recovery.  Here is a link to the article.

http://dsnews.com/news/09-18-2014/analyst-predicts-home-price-decline-report-white-house

This report follows a recent CoreLogic report indicating the past several months of national home prices has hit a plateau.  Plateaus of this type can also signify a warning of a correction in home values might be imminent.

By itself, I would say these are the kinds of things we continue to hear, and then the next week, we see good news, however, there does appear to be multiple sources of independent opinions all coming to the same conclusion.

There is a projection this could lead to a resurgence of short sales and foreclosures all across the country, and unfortunately the State of Maryland has not made significant recovery in this area to date. Because Maryland is a Judiciary State, the backlog of homes facing Foreclosure has us ranked 4th in the Nation in terms of the quantity of homeowners having missed making a mortgage payment in 90 or more days.

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Calvert County Public Schools

by Don DeHanas, Associate Broker

The public educational demands for residents of Calvert County, Maryland, are met primarily by Calvert County Public Schools, a school system composed of 4 high schools, 6 middle schools, 13 elementary schools, a center dedicated to vocational education, and myriad other facilities.

In addition to the comprehensive curriculum provided in the schools listed below, students have access to a variety of other exceptional student services. Professional staff members, school psychologists and nurses, program coordinators and a school police liaison officer work in harmony to guide students along their individual academic, social and personal pathways.

Here are the individual schools that collectively make up Calvert County Public Schools:

Elementary Schools

  • Appeal - in Lusby
  • Beach in Chesapeake Beach
  • Barstow - in Barstow
  • Calvert - in Prince Frederick
  • Dowell - near Solomons
  • Huntingtown - in Huntingtown
  • Mt. Harmony - in Owings
  • Mutual - in Port Republic
  • Patuxent - in Lusby
  • Plum Point - in Huntingtown
  • St. Leonard - in St. Leonard
  • Sunderland - in Sunderland
  • Windy Hill - in Owings

Middle Schools

  • Calvert - in Prince Frederick
  • Mill Creek - in Lusby
  • Northern - near Owings & Dunkirk
  • Plum Point - in Huntingtown
  • Southern - in Lusby
  • Windy Hill - Owings

High Schools

  • Calvert - in Prince Frederick
  • Huntingtown - in Huntingtown
  • Northern - near Owings & Dunkirk
  • Patuxent - in Lusby

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The DeHanas Team
DeHanas Real Estate Services
1218 Smallwood Drive
Waldorf MD 20603
Office: 301-870-1717
1-800-842-0190
Fax: 240-754-7867

Servicing all Anne Arundel County, Calvert County, Charles County, and Prince George's County as well as Annapolis, Bowie, Chesapeake Beach, Crofton, Dunkirk, Edgewater, Ft. Meade, Huntingtown, La Plata, North Beach, Odenton, Owings, Pasadena, Severn, Waldorf, and the Upper Marlboro areas of Maryland, all of Washington DC, and Northern Virginia, including Alexandria, Arlington, and King George County real estate advertised in this website are subject to the Federal Fair Housing Act of 1968 which makes it illegal to advertise any preference, limitation, or discrimination based on race, color, religion, sex, handicap and familial status, or national origin, or any intention to make any such preference, limitation or discrimination. DeHanas Real Estate Services will not knowingly accept any listing agreement for real estate sales in Anne Arundel County, Calvert County, Charles County, and Prince George's County as well as Annapolis, Bowie, Chesapeake Beach, Crofton, Dunkirk, Edgewater MD, Ft. Meade, Huntingtown, La Plata, North Beach, Odenton, Owings, Pasadena, Severn, Waldorf, and the Upper Marlboro, all of Washington DC, and Northern Virginia, including Alexandria, Arlington, and King George County areas which are in violation of the law. Our clients and customers are informed that all dwellings advertised on our website in Anne Arundel County, Calvert County, Charles County, and Prince George's County as well as Annapolis, Bowie, Chesapeake Beach, Crofton, Dunkirk, Edgewater MD, Ft. Meade, Huntingtown, La Plata, North Beach, Odenton, Owings, Pasadena, Severn, Waldorf, and the Upper Marlboro, all of Washington DC, and Northern Virginia, including Alexandria, Arlington, and King George County areas are available on an equal opportunity basis. All prices and finance claims appearing in this site are subject to change without notice.