July 2009 - Posts
What's the 'State of the Real Estate Market' in Frederick County? Besides an increase in sales, a decrease in inventory and a leveling off of the price declines, we're seeing challenges arising in the appraisal aspect of some transactions.
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Loan Program Conventional Conv > $417,000 FHA/VA FHA > $417,000 30 Year Fixed 5.125% 5.25% 5.00% 5.25% 15 Year Fixed 4.375% 4.625% 4.50% 5.00% 3/1 ARM 4.00% 4.25% 4.25% 4.25% 5/1 ARM 4.00% 4.25% 4.25% 4.25% 7/1 ARM 4.25% 4.50% The above scenario
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MARKET RECAP The signs are pointing to an economy in full-recovery mode. The leading economic indicators (LEI), which attempt to forecast the economy six months hence, posted a third consecutive monthly increase, with seven of the 10 indicators improving
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Many potential buyers are asking if the $8000 First-time home buyer's tax credit will be extended or expanded to include all buyers. I wrote an earlier post on the subject . The issue has broad bi-partisan support in Congress, most legislators and
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With today's internet technology, anyone can google (or bing) and find anything. A buyer can even find the house of their dreams. To be truthful, it can be argued that you don't need an agent to find a home for you. (Although I might argue that
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Absorption rates for Frederick County and major communities: Frederick County as a whole 7 months 21701 7 months 21702 5 months 21703 7 months Urbana 5 months Ijamsville 6.5 months Monrovia 6 months Mount Airy 6 months New Market 10 months Walkersville
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Frederick County real estate market statistics for the month of May 2009. Listed by community. Monrovia 2009 2008 % Change Avg. Price $260,800 $406,150 -36% Median Price $359,900 $364,500 -29% DOM 113 164 -31% # homes sold 3 6 -50% New Listings: 5 Total
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Real estate market statistics for June 2009 for sales activity in Thurmont MD have been published.* Here is the synopsis: Thurmont 2009 2008 % Change Avg. Price $192,369 $240,875 -20% Median Price $216,320 $241,000 -10% DOM 56 142 -61% # homes sold 9
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Real estate market statistics for April 2009 for sales activity in Walkersville MD have been published.* Here is the synopsis: Walkersville 2009 2008 % Change Avg. Price $287,200 $277,500 +3% Median Price $327,550 $285,000 +15% DOM 79 109 -28% # homes
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Real estate statistics for June 2009 in the Mt. Airy real estate market have been published.* Here is the synopsis: Mt. Airy 2009 2008 % Change Avg. Price $394,371 $358,295 +10% Median Price $372,000 $348,165 +7% DOM 143 102 +40% # homes sold 28 7 +300%
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Real estate market statistics for June 2009 for sales activity in New Market MD have been published.* Here is the synopsis: New Market 2009 2008 % Change Avg. Price $332,511 $355,794 -6% Median Price $304,000 $332,500 -9% DOM 147 105 +40% # homes sold
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Real estate market statistics for June 2009 for sales activity in Middletown MD have been published.* Here is the synopsis: Middletown 2009 2008 % Change Avg. Price $417,222 $397,400 +5% Median Price $375,000 $319,900 +17% DOM (days on market) 179 125
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Real estate market reports are out for June 2009*. The city of Frederick had a month of mixed sales results: Real Estate Market Report for Frederick City, by zip code . 21701 2009 2008 % Change Avg. Price $243,500 $308,000 -21% Median Price $225,000 $260,000
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Real estate market statistics for June 2009 for sales activity in Urbana MD have been published.* Here is the synopsis: Urbana 2009 2008 % Change Avg. Price $369,500 $444,574 -17% Median Price $347,500 $422,670 -18% DOM (days on market) 69 70 +0% # homes
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The real estate market reports are out from MRIS* for Frederick County sales in June. Here are the highlights: Average Sold Price: 2009: 278,244 2008: 310,917 -11% Median Sold Price: 260,000 272,500 -5% Total Sold: 237 198 +20% Average Days on Market:
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As much as 30% of the homes for sale in the Frederick Real Estate Market are what we refer to as "distress sales", including short sales and REO's, or foreclosures. When a homeowner can't make their mortgage any more, for various reasons,
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A New and Better Deal There is positive news about Fannie and Freddie refinancing that should keep many borrowers from falling into foreclosure. HUD announced that it will expand its loan-to-value ratios for refinances; specifically the expansion will
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There are many things a Frederick Real Estate Agent should do to sell your Frederick home, but these 5 skills are absolutely neccessary to assure you have the best real estate transaction possible. 1. Your Frederick County Listing agent should be a strong
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I hear it many times, “We’ll get a better deal if we work with the Frederick listing agent because he/she can give up a portion of their commission.” Since I hear it so often, I’d like to address it in this post. The answer to
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