I live in Montgomery County Maryland and this article is nonsense. I would like to have multiple offers on my house but the fact is that this area is not booming like the article says.
Northern Virginia has some neighborhoods that are doing well. A lot depends on the school district. But in Maryland it is still difficult to sell your home.
The scam around here is they raised the property tax as house values fell, but now they're starting to re-assess housing at higher prices. Our house went from $375K down to $350K, but is now valued at almost $400K according to our last re-financing evaluation. Our next official county tax reassessment is next year, and I'm sure I'll have to dispute the value they put on the house.
You’re right about MoCo. Nothing is selling in my beautiful, convenient neighborhood. The houses for sale are flawless, in a great school district, backing to parkland, close to shopping and commuter routes, within walking distance of the charming elementary school. Nobody is buying, partly because nobody can get a mortgage.
Life’s not so good in Sanctuary County, eh? What’s gone in in MoCo is sinful.