Jean Christian Abels Real Estate

04/06/2023

Per Montgomery County: Montgomery County homeowners in past years have automatically received a $692 County “Income Tax Offset Credit” (ITOC) on their annual property tax bills if it referred to a…

07/14/2022

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision.

The Future of Home Price Appreciation

Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue appreciating over the next five years (see graph below)

As the graph shows, the rate of appreciation will moderate over the next few years as the market shifts away from the unsustainable pace it saw during the pandemic. After this year, experts project home price appreciation will continue, but at levels that are more typical for the market. As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

“People should not anticipate another double-digit price appreciation. Those days are over. . . . We may return to more normal price appreciation of 4%, 5% a year.”

For you, that ongoing appreciation should give you peace of mind your investment in homeownership is worthwhile because you’re buying an asset that’s projected to grow in value in the years ahead.

07/08/2022

The One Thing Every Homeowner Needs To Know About a Recession:

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.
Let's look at historical data to show that recessions DON'T affect home values. We have experienced six recessions in this country over the past four decades. As the graph below shows, looking at the recessions going all the way back to the 1980s, home prices appreciated four times and depreciated only two times. So, historically, there’s proof that when the economy slows down, it doesn’t mean home values will fall or depreciate.
The first occasion on the graph when home values depreciated was in the early 1990s when home prices dropped by less than 2%. It happened again during the housing crisis in 2008 when home values declined by almost 20%. Most people vividly remember the housing crisis in 2008, but our current market different than that market.
But this housing market isn’t a bubble that’s about to burst. The fundamentals are very different today than they were in 2008. So, we shouldn’t assume we’re heading down the same path.

We’re not in a recession, but if we enter one, it doesn’t mean homes will lose value. History proves a recession doesn’t equal a housing crisis. Reach out to me to talk about what's the right move for you in these changing times.

06/24/2022

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Find homes for sale, find an agent, view virtual tours, receive homes by e-mail, learn about buying and selling a home and more!

06/23/2022

The graph below shows how the average home price appreciation outperformed the average inflation rate in most decades going all the way back to the seventies – making homeownership a historically strong hedge against inflation (see graph below):

So, what does that mean for you? Today, experts forecast home prices will only go up from here thanks to the ongoing imbalance of supply and demand. Once you buy a house, any home price appreciation that does occur will grow your equity and your net worth. And since homes are typically assets that grow in value, you have peace of mind that history shows your investment is a strong one.

That means, if you’re ready and able, it makes sense to buy today before prices rise further.

Bottom Line

If you’ve been thinking about buying a home this year, it makes sense to act soon, even with inflation rising. That way you can stabilize your monthly housing cost and invest in an asset that historically outperforms inflation. If you’re ready to get started, let’s connect so you have expert advice on your specific situation when you’re ready to buy a home.

06/02/2022

Do you already have a home? Are you concerned about your savings and investments?
Ever thought about investing in Real Estate?
Even in this market it is easier than you think.
Home price appreciation has been growing strong and is expected to continue higher than inflation. Since the start of the pandemic I have been working successfully with "small" real estate investors from out of state and abroad, focussing on 1-2 Bedroom units showing an appreciation of 20-30% in 2021!
So, why not taking advantage of higher inflation, as inflation for several reasons, is actually a good development for property owners - the value of your house rises with the inflation.

Interested? Lets talk about it. I hope to hear from you soon!

05/05/2022

Unlike some home repair issues, the gradual decline of a chimney often goes unnoticed for years. During this period of modest disrepair, a wide range of structural problems and fire risks can arise. Even small gaps between brick layers create an opening for unwelcome pests. Here are three telltale s...

04/29/2022

Click here to view Rockville, MD blog post which has information on the constantly changing market trends.

04/28/2022

Home security systems are incredible ways to deter break-ins. While this is the most obvious benefit of having one of these systems, there are plenty of others. The following are some of the advantages you can enjoy when you choose to get a security system for your home. Lower home insurance rates S...

04/21/2022

Not everyone has extra time to spend taking care of their front yard. While outdoor spaces are important, it’s easy to let yard upkeep fall by the wayside. Luckily there are lots of things you can do to make your yard attractive and inviting without spending hours working on it every week. Here ar...

04/14/2022

If you’re trying to determine whether it’s better to own or rent a home, there are many factors to consider. Both options have their merits and downsides. Owning a home might seem like the more overwhelming choice of the two, yet there are lots of reasons to consider it. Here are some of the maj...