Maryland
Southern Maryland’s Housing Market Slows Down As Prices Continue To Rise – The Southern Maryland Chronicle
![Southern Maryland’s Housing Market Slows Down As Prices Continue To Rise – The Southern Maryland Chronicle Southern Maryland’s Housing Market Slows Down As Prices Continue To Rise – The Southern Maryland Chronicle](https://i0.wp.com/southernmarylandchronicle.com/wp-content/uploads/2022/08/1.png?fit=1200,675&ssl=1)
HUGHESVILLE, Md. –– As the tip of summer time approaches, the Southern Maryland housing market has proven refined indicators of slowing exercise, although costs have continued to extend.
By way of essentially the most lately collected knowledge from the Southern Maryland Affiliation of Realtors®, it may be noticed that the stock of properties within the area just isn’t shifting as they had been on the similar time final yr.
The entire variety of items offered throughout July was down roughly 27.93%, with the whole greenback quantity down 20.24%, for a complete of $63 million lower than 2021.
Extra proof of those adjustments could be seen by the numerous variety of lively listings within the area. Lively listings are up almost 44.46% from 2021, creating stock ranges that haven’t been seen since earlier than the beginning of the COVID-19 pandemic.
This alteration means excellent news for patrons, as they are going to have extra choices when it comes time to make a purchase order. There has additionally been a slight improve in how lengthy properties are staying in the marketplace, up someday from the identical time in 2021 for a complete common of 14 days. These patterns are inclined to create extra leverage for patrons throughout negotiations.
That extra leverage is seen as the typical offered worth to unique listing worth ratio has dropped from 101.8% in 2021 to now 100.6%. This lower implies that properties which might be promoting are much less prone to see a number of supply eventualities pushing costs increased and that sellers are compromising with patrons extra typically.
“Whereas rising rates of interest could also be impacting a purchaser’s buy energy, that energy nonetheless exists and needs to be utilized,” SMAR 2021-2022 President Gregg Kantak stated. “Typically, residence costs hardly ever transfer backward and have by no means moved backward in response to increased mortgage charges. Moreover, for some buyer-savers, rising rates of interest may very well be a internet optimistic, as they typically push up financial savings charges.”
Nonetheless, whereas the whole months of stock that’s accessible have elevated from dangerously unhealthy ranges over the previous few years, it’s nonetheless largely thought of a vendor’s market.
Extra proof of this may be seen as amid financial uncertainty over the previous a number of months, actual property has remained a thriving funding with residence costs in our area seeing giant will increase in comparison with 2021. The median offered worth of a house in Southern Maryland has gained roughly 11.81% from the identical time final yr.
“Regardless of a unbroken ‘sellers’ market,’ a Survey of Client Funds, launched in September of 2020 by the Federal Reserve, discovered the median U.S. family internet price is $121,700. Nonetheless, the distinction between the online price of householders versus renters is staggering,” Kantak stated. “In 2019, householders within the U.S. had a median internet price of $255,000, whereas renters had a internet price of simply $6,300…a distinction of 40x between the 2 teams. Rates of interest and stock apart, everybody who can improve their internet price ought to accomplish that, and actual property is one of the best instance.”
Housing market statistics from every county within the Southern Maryland area could be discovered beneath:
Calvert County
- Models Offered: 146 (-35.11%)
- Complete Gross sales Quantity: $ 73,255,973 (-26.38%)
- Common Days On The Market: 14 (-3 Days from July 2021)
- Median Offered Value: $472,500 (+22.50%)
Charles County
- Models Offered: 236 (-29.76%)
- Complete Gross sales Quantity: $ 104,488,168 (-24.51%)
- Common Days On The Market: 12 (+1 Day from July 2021)
- Median Offered Value: $422,500 (+6.96%)
St. Mary’s County
- Models Offered: 165 (-16.67%)
- Complete Gross sales Quantity: $ 72,590,591 (-4.40%)
- Common Days On The Market: 16 (+2 Days from July 2021)
- Median Offered Value: $405,000 (+12.50%)
Go to https://www.southernmarylandrealtors.org/pages/housing-statistics/ each month for extra particulars concerning the housing market in Southern Maryland.
Statistics for this text had been compiled with cooperation from Shiny MLS, a number one housing market knowledge supply and an actual property itemizing service for Realtors® all through the area.
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Maryland
Michigan State football opens as sizable underdog vs Maryland
![Michigan State football opens as sizable underdog vs Maryland Michigan State football opens as sizable underdog vs Maryland](https://images2.minutemediacdn.com/image/upload/c_crop,w_4256,h_2394,x_0,y_0/c_fill,w_1440,ar_16:9,f_auto,q_auto,g_auto/images/ImagnImages/mmsport/137/01j6q8yb7r3y04b36mbn.jpg)
Who’s ready for Big Ten play to begin? In all honesty, I am not. I really wish Michigan State football had more tune-up games after seeing them struggle against Florida Atlantic and only win 16-10. But unfortunately, that is not how the schedule unfolds for Michigan State this season.
The Spartans will hit the road for an early Big Ten game as they face Maryland on Saturday at 3:30 pm. Going into the season I thought Michigan State and the Terps were on a pretty level playing field, but after seeing both teams play week one that doesn’t appear to be the case.
And Vegas agrees.
Michigan State opens as a 7.5-point underdog next week at Maryland. My guess is that grows to 8, 8.5.
— Graham Couch (@Graham_Couch) September 1, 2024
As you all know, Michigan State only beat Florida Atlantic by six and did not look very impressive, especially on the offensive side of the ball. So it’s no surprise that MSU will be the underdog next week. But 7.5 points feels like a lot, and according to the Lansing State Journal’s Graham Couch, it likely will only go up from there.
So does Vegas have it right or are they underrating Michigan State?
Looking at Maryland’s week one game against UConn it appears Vegas has this line right. The Terps were up 23-0 at halftime and never looked back and went on to win in dominant fashion 50-7. UConn and FAU are very similar in terms of what level they’re at in college football, so that drastic of a difference in the final score is very scary.
So Vegas probably could’ve gotten away with Maryland being even bigger favorites in this one.
But maybe Vegas saw what I did and thinks a lot of Michigan State’s mistakes on Friday are easy to fix. Maybe they think Aidan Chiles will be much better next week. The Spartan’s defense was also fairly dominant so there isn’t much of a chance Maryland scores 50 points next week either.
I tend to not bet on Michigan State games, but even if I did this would be a line that I would avoid because who knows how much Jonathan Smith’s squad will improve by next week, and who knows how much Maryland might struggle against a Power Four opponent.
Maryland
University of Maryland reverses decision to allow anti-Israel protest on October 7
The University of Maryland on Sunday reversed its decision to allow an anti-Israel protest on the first anniversary of the October 7 Massacre, following backlash from local Jewish groups.
UMD Students for Justice in Palestine and UMD Jewish Voice for Peace had been set to hold their October 7 vigil for Gazans killed in the Israel-Hamas War at the campus’s Mckeldin Mall, but the University System of Maryland (USM) said in a statement that on the day of the Hamas-led pogrom it would limit campus events requiring permits or approval to those supporting “a university-sponsored Day of Dialogue.”
“From the beginning of the war, we have come together as a University System to urge that we use this moment to encourage conversation, compassion, and civility; to engage with one another across our differences and draw on our shared humanity and our shared values to bridge what divides us,” said USM. “These dialogues aren’t new. Many of our universities have been hosting this kind of programming for several months. Reserving Oct. 7 gives us a chance to continue these urgent conversations and to mark this solemn anniversary in a way that gives students—all students—the time and space to share and to be heard.”
USM said that its intent was not to infringe of the free expression and speech of students, but to be sensitive to the needs of students as October 7 was a “day of enormous suffering and grief for many in our campus communities.”
UMD Jewish Student Union, Maryland Hillel, Terps for Israel, and Israeli American Council Mishelanu at Maryland welcomed the USM decision and thanked UMD leadership in a joint social media statement on Sunday.
“October 7, the largest massacre of Jews since the Holocaust, is a day of mourning for the Jewish and Israeli community,” said the UMD JSU. “We are relieved that SJP will no longer to be able to appropriate the suffering of our family and friends to fit their false and dangerous narrative.”
The Jewish groups said that it was distraught that the decision to only hold university-sponsored event had to be made at all, and wished to used the campus space to “grieve together as a community” to promote unity at the university. The unideal situation was necessary, according to the Jewish groups, to ensure the physical and psychological safety of students on the day of mourning.
UMD JVP and SJP attacked the decision to cancel the event, claiming that the vigil for Palestinians killed since the October 7 Massacre was attacked without familiarity of the content. The anti-Israel groups said that the discourse was “the continuation inherently racist, Islamophobic, and dehumanizing rhetoric surrounding Palestinians.” JVP and SJP said that the actions against their event were an attempt to paint “Muslim, Arab, and anti-Zionist Jewish students as barbaric.”
The anti-Israel groups asserted that their vigil for Palestinians who died in the war was no threat to the campus’s Jewish community, but conflation of Zionism and Judaism did threaten UMD and the Jewish community.
“To claim that Palestinians cannot hold a day of remembrance in mourning one year of genocide, or lay claim to that date is an insult to every life lost in the Zionist entity’s genocidal campaign,” UMD SJP and JVP said on Instagram on Sunday. “The disproportionate scale of suffering experienced by the Palestinians over the past year necessitates their remembrance and our solidarity on this day. The suffering of all innocents killed must not be monopolized and necessitates a fair and just representation.”
SJP and JVP demanded the right to organize and exercise their right to free speech, accusing Zionists of attempting to stifle Palestinian voices.
The organizations indicated on their Sunday Instagram post that they still planned to hold their all-day event at Mckeldin Mall, and on Monday a link to register still active and listing the campus building as the rally location.
UMD Jewish groups said that they would be holding their own event to memorialize the victims of the October 7 pogrom at the Maryland Hillel.
Maryland
Sunshine for your Labor Day in Maryland
![Sunshine for your Labor Day in Maryland Sunshine for your Labor Day in Maryland](https://assets3.cbsnewsstatic.com/hub/i/r/2024/09/02/44f70b16-36c5-418b-a083-913b44ccccef/thumbnail/1200x630/35894c49deb7bc01bace1597e72e5c6f/354a4da6cd4b544ff5da5921dfff7e33.jpg?v=25685eaa472b1a5dbb5bd46ae506d232)
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