A lot of people think that the economy is the most important factor affecting real estate appreciation. Clearly, there are several factors on a national level that change your house's value: unemployment, mortgage rates, the stock market, and more. But the most important issues that determine your home's value depend on the local Annapolis economy and housing market.

Access to services - Many of us prefer to live in areas with the most accommodating traits for families to thrive, like a close proximity to schools and work. So those regions generally appreciate, or keep their value consistently, year to year.

The latest home sales - You should receive reports on the recent real estate sales in the districts that you're asking about from your real estate agent. You'll want to analyze things like how long a house stays on the market and seller discounts.

History of appreciation - In the past 5-10 years, have house prices gone up or down? Does location or affordability affect how desirable the area is thought to be?

Local economy - Is there a fair combination of work in an area, or does it rely upon just one industry? Have companies moved into or away from an area? Are local companies hiring? These items play a role.