When it comes to finding your dream home in the Chesapeake Bay region, it’s not the easiest time to shop. Prices are up and inventory is still low. Interest rates have remained up around 7 percent compared to the 2.5-3 percent rates of four years ago.
But letting interest rates dictate your real estate decisions could cost you the best parts of Bay living, says Associate Broker Chris McNelis, of McNelis and Associates of Berkshire Hathaway HomeServices PenFed Realty. Here’s her insight on waterfront living in a tough real estate climate:
