Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Market Conditions in 21703 : Real Estate Advice

  • All9
  • Local Info2
  • Home Buying1
  • Home Selling0
  • Market Conditions2

Activity 2
Tue Jun 10, 2014
Kathryn Tucker answered:
I live here in Ballenger Creek. I would be glad to gather statistics that would be helpful in making that decision. My email is
0 votes 2 answers Share Flag
Tue Apr 14, 2009
Cathy Chapman answered:
Hi Chi,

Housing prices will most certainly stabilize in the future and they will go up again and they will go back down again. History has shown that real estate runs in cycles. I doubt seriously, however, we are ever going to witness the frenzy that we saw in 2003-2006 that brought us to this place in our history.

It'd be wonderful if we all had a crystal ball to know where we'll be in 5 years in this real estate market. Yes, location is critical, but price is also critical so don't get yourself upside down as others have. I don't foresee any more major drops in values but I'd still be careful not to overpay for a property.

My recommendation is that in our current market, I would not pay more than the most recent sales in a community. Although a recent sale may be low due to a Short Sale situation, it still remains a comparable that appraisers are going to look at and they will continue to bring down values, unfortunately.

I hope this helps!

Good luck!

Cathy Chapman, Broker
Signature Home Sales, LLC
... more
0 votes 10 answers Share Flag
Search Advice