What most people don't advertise is that the number of jobs BRAC is supposed to provide is calculated using the new employees PLUS any ancillary growth expected to take place around the new jobs, i.e. the waitress at your local restaurant, and the people who build the roads that will be expanded as well as the government contractors and military personnel supporting DISA and other organizations.
As for how BRAC will affect the real etate market locally, keep in mind that many families who already own homes in the Fort Meade area are commuting to DC and Baltimore. They will no doubt be vying for some of these new jobs to lessen their commute. Many families will also be on shorter terms contracts (3 years or less) and may own a home elsewhere so they plan to rent here. So, not every BRAC employee is going to have an impact on the sale side of our real estate market. This bodes well for wise investors who are picking up rental properties close to the base.
I've had a lot of families tell me that they are going to "wait until BRAc hits" to sell their home. This has been going on for over a year now. Unfortunately during that time our inventory of available homes now exceeds a two year supply and the families that waited have seen the value of their property decrease dramatically.
In addition to the homes that we have on the market now, I do expect to see those who have been waiting on the sidelines, jump in to the market as soon as we see some influx from BRAC. That will only serve to further saturate a market in transition.
While we are all excited about the impact of BRAC on Anne Arundel County Real Estate, we need to remain cautiously optimistic and recognize this as a supporting factor to bring our market back in line and not expect it to be our saving grace.
As far as selling your house goes, I wouldn't wait to see what happens. Right now there are so many buyers out there who want to take advantage of the $8,000 tax credit. My business has doubled with buyers, and my listings aren't lasting very long either.
If you are having a difficult time, you may want to discuss with your Realtor their marketing strategy, the price of your home may need to be reviewed, it could be many factors. Have you looked at other homes on the market in your area that are comparable with yours? There are many things to can consider when your home isn't selling, but the market is full of buyers!