A critical mass of government sector jobs is keeping Maryland's unemployment rate low vis-�-vis the rest of the nation, and that has helped buoy the housing market. But there are chinks in the armor, as this article, derived from House Predictor research, explains.
An excerpt from the article reads:
Maryland housing sales are rising as a direct result of having one of the best employment rates in the nation. The federal government is hiring workers and government related jobs are growing as a result of the Obama administration, energizing home sales right outside of Washington D.C. Maryland is banking on government assistance in more ways than most other states.
The deflationary cycle in housing prices is showing signs of easing up in Maryland as home sales improve. But the declining values of homes have a long way to go before reaching stabilization as a result of the financial crisis. The days of fast money are over as new mortgage standards replace loose lending practices.
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