The housing bubble in Maryland has not burst, just softened.
At least that?s what industry experts from some of the state?s universities are saying.
“For the rest of the year there is still some capacity being taken out of the market so that will cause some softening in the way of lower sales levels, rising inventories and slowing rates of appreciation,” said John Hopkins, associate director of applied economics at Towson University?s RESI.
Hopkins said that housing demand in Maryland should remain solid because of strong job growth, a shortage of homes in the market, more affordable pricing relative to neighboring areas.
