Is This a Good Time to Buy a New Home?

  • August 11, 2022

The timing of buying a home is a question that every prospective homeowner faces. In today’s economy it seems everything from popular cryptocurrencies to major tech firms and corporations can easily plummet in value overnight. There is however, no reason to assume that real estate markets will follow this same volatility. Homes Keep Their Value …

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  • November 30, 2021

We are excited to announce that Classic Homes of Maryland is moving to the newly renovated state-of-the-art facilities at “Sixty-One Sixteen” in North Bethesda. We are constantly working to improve our customer’s experience – This fantastic new space will consolidate our team and offer a variety of meeting places, including a shared indoor/outdoor terrace. Come …

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Disruptions in the Building Industry

  • October 14, 2020

The current increased desire for new homes has created a perfect storm of high demand and limited availability of materials in the construction industry, which has vendors and builders across the country struggling to keep up. In a recent survey by Meyers Research, half of the builders surveyed had experienced delays in acquiring supplies. Outdoor …

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Lumber Prices Reach Record Highs

  • September 29, 2020
A photo taken inside a home under framing.

At Classic Homes of Maryland, we’ve always worked hard to avoid and delay inevitable price increases. Since 2017 we’ve only raised our prices once, while many builders do so several times throughout each year. Unfortunately, the pandemic has created an environment where avoiding increases is no longer possible. A perfect storm of short supply and …

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Join Us to Help Families in Need

  • May 14, 2020

Classic Homes of Maryland is teaming up with Friends of Sparsh to help families in need during these difficult times. Donate to Friends of Sparsh and Classic Homes will match your donation up to $1,000. Friends of Sparsh can feed a family of four for an entire week for just $40. Together we can help make a difference. …

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Classic Homes Featured in Bethesda Magazine

  • May 7, 2020

Classic Homes of Maryland is proud to support local media like Bethesda Magazine. The coronavirus outbreak has illustrated just how important local news is to keeping us informed and connected. Due to the coronavirus pandemic, Bethesda Magazine is offering the digital edition of the May/June 2020 issue for free for a limited time. Don’t miss …

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Changes in Response to the Coronavirus

  • March 18, 2020

We care deeply about our customers and employees. As always, health and safety are our primary concern. We are closely watching the situation with the spread of the novel Coronavirus and will be making changes in the interest of public safety and continued productivity. Events The construction tour planned at the custom Avenel in Silver …

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Local Market Flooded With Land Opportunities

  • March 9, 2020

Traditionally the spring season is considered the best time to list a home. With interest rates nearing all time lows, that seems to hold truer than usual this year. Already we’re seeing a flood of potential teardowns and land in areas that have had scarce availability just a month ago. If you’ve been searching for a right lot, …

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Mortgage Rate Drops Reshaping Housing Markets

  • March 4, 2020

Fears over the potential effects of a coronavirus outbreak have resulted in huge sell offs in the stock market, leading investors to the security of the bond market. These factors have brought mortgage rates close to historic lows. The emergency rate cut announced today by the Federal Reserve will help keep that downward momentum. Prospective …

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Impact Fees on Teardowns in Montgomery County?

  • January 8, 2020

A major consideration when planning to build a custom home is the cost of permits and fees owed to the County. The impact fees for building a residence on vacant land in Montgomery County can reach over $60,000. Montgomery County residents can avoid paying the high cost of impact fees by tearing down an older …

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