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Beginning June 1, 2010, just before settlement, Fannie Mae will be running last minute credit report checks to ensure borrower's credit has not changed since loan application. Though I tell my clients not to go open lines of credit before settlement, because I know many times there is a spot check, this is a new [...]
Towson Mews is a new neighborhood being built by Evergreene Homes. There will be 35 townhouses in between Virginia Avenue, East Pennsylvania Avenue, and Jefferson Avenues. They will all have two car garages with entry from the rear of the house. I got to tour the model and learn more about Evergreene homes and Towson Mews, and took [...]
This Month in Real Estate October 2013 has been released! Home sales activity rose again, to a pace of 5.5 million from the 5.4 million we saw in This Month in Real Estate September 2013. The median home price dropped slightly to $212,000. This is still up 14.7% from this same point in 2012. The [...]
Computerized appraisals have been an issue for awhile, but recently, they have become a problem for a much larger group of people. Appraisals done by people in general are both objective and subjective, which means that often if you had two professional appraisers come to your house, you would likely get two different price opinions, [...]
Yesterday, I posted two good reasons why now is a good time to buy a house from a publication from Keller Williams Realty International entitled "7 Reasons Why Now is a Great Time to Buy a Home" , after posting the top three on Tuesday. Today round out the final two good reasons why a [...]
Baltimore home sales were down in September by 19.4% over September 2009, with 1,706 homes sold versus 2,117 this time last year. At the same time in 2009, we had the First Time Homebuyer Tax Credit, which was originally due to expire September 30, 2009, before it was extended. The Baltimore County housing market took [...]
Baltimore house values are still struggling compared to much of the rest of the US in July 2010. Finally, Baltimore homes are seeing an increase in value, with the first quarter of the year up 2.9% over 2009. The rest of the country, on average, saw an increase of 7.9%. The rough news is that [...]
Baltimore County home sales were up in June 2010. Baltimore home sales had not seen an increase in the past year, so this is great news. From RealEstate Business Intelligence, Inc. through MRIS, the Metropolitan Regional Information Systems (our local MLS), the numbers show that the Baltimore County average sold price is up 8.25%! The [...]
This Month in Real Estate July 2010 is here! May's sales across the United States were down 2.2% from April, but May closings were up 19.2% from May 2009. I am certain much of this is due to the extended homebuyer tax credit and buyers working to ensure they close long before the settlement deadline [...]
Baltimore real estate sales were down in May 2010, a noted amount after the Homebuyer Tax Credit ended. As noted from MRIS, the local Multiple Listing Service, pending sales decreased 13.7% compared to May 2009. April 2010 had 16,089 contracts written. May had only 9,527, which is 6,562 less! The good news is that the [...]