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Annapolis Maryland
Annapolis is the capital of Maryland and is a part of the Baltimore-Washington Metropolitan Area. Situated on the Severn River, about 2 miles from its entrance into Chesapeake Bay, Annapolis is about 26 miles South East from Baltimore.
Annapolis Real Estate
The center of Annapolis is the city dock, developed as a port for the tobacco trade in the 17th and 18th century. Annapolis real estate market has many historic homes from these time periods. Today, the Annapolis Real Estate market is growing very rapidly. New homes are being built in Annapolis at a staggering pace. Over the last few decades real estate value in Annapolis has climbed steadily. However in the recent months real estate prices in the Annapolis area has begun to soften a bit. The softening market has prompted some sellers to increase incentives to sales agents and buyers, ranging from increasing sales commissions to reducing pricing. Many believe this presents an opportunity to scoop up hot Annapolis homes at reduced prices.
The reasons for the cooling market include mortgage rates than are beginning to move higher, a temporary oversupply of homes, and the property tax consequences of moving to a new home. Many experts and market watchers say the fundamentals underlying Annapolis's real estate market remain sound
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