February 2010 - Posts
RESPA - stands for: Real Estate Settlement Procedures Act. RESPA first passed in 1974, before that there were very few guidelines, and not much written forms. Buyers were even given their estimated settlement charges verbally. (Imagine that!) Obviously,
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Builders Have a Few More Spec Homes The big national home builders are seeing fewer cancellations of contracts and more serious buyers. They have prepped for spring buyers seeking the tax credit by building a few more homes on “spec,” in the
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Real estate market statistics for January 2010 for sales activity in Thurmont MD have been published.* Here is the synopsis: Thurmont 2010 2009 % Change Avg. Price $238,900 $220,350 +8% Median Price $247,225 $233,200 +6% DOM 82 71 +15% # homes sold 4
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Real estate market statistics for January 2010 for sales activity in New Market MD have been published.* Here is the synopsis: New Market 2010 2009 % Change Avg. Price $343,900 $321,000 +7% Median Price $365,000 $870,000 +30% DOM 79 119 -34% # homes sold
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Mount Airy Real Estate Statistics for January 2010 have been published by MRIS*. Here is the synopsis: Mt. Airy 2010 2009 % Change Avg. Price $388,400 $341,100 +14% Median Price $377,500 $314,900 +20% DOM 134 107 +25% # homes sold 8 13 -38% Inventory
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Real estate market statistics for January 2010 for sales activity in Walkersville MD have been published.* Here is the synopsis: Walkersville 2010 2009 % Change Avg. Price $179,000 $242,317 -26% Median Price $144,500 $234,450 -38% DOM 71 131 -45% # homes
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Real estate market statistics for January 2010 for sales activity in Middletown MD have been published.* Here is the synopsis: Middletown 2010 2009 % Change Avg. Price $270,467 $370,980 -27% Median Price $252,000 $308,000 -18% DOM (days on market) 30
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Real estate market statistics for January 2010 for sales activity in Urbana MD have been published.* Here is the synopsis: Urbana 2010 2009 % Change Avg. Price $346,000 $507,000 -32% Median Price $340,000 $345,000 -38% DOM (days on market) 125 195 -36%
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MRIS has published the real estate sales statistics for Montgomery County for January 2010* County-wide 2010 2009 % Change Avg. Price $403,100 $421,840 -4% Median Price $326,250 $319,000 +2% DOM 75 120 -38% # homes sold 576 387 +49% New Listings: 1232
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January 2010 Real Estate Market Report for Frederick City, by zip code: 21701 2010 2009 % Change Avg. Price $246,100 $247,100 -.4% Median Price $254,000 $187,000 +36% DaysOnMarket 145 184 -22% # homes sold 30 19 +58% New Listings: 67 Total Marked Contract:
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MRIS has published the real estate sales statistics for Frederick County for January 2010* County-wide 2010 2009 % Change Avg. Price $253,863 $268,200 -5% Median Price $230,000 $239,950 -4% DOM 97 152 -36% # homes sold 155 120 +29% New Listings: 352 Total
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The following is a list of articles and interviews proclaiming the rise of interest rates in the near future. The trigger will be the end of the Mortgage Backed Securities purchases by the Fed. Dan Green of The Mortgage Reports Blog, television interview
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Updated News: FHA has decided to increase the MIP gradually over the next several years. Effective on or about April 5, 2010 FHA will increase the Up Front Mortgage Insurance Premium from 1.75% to 2.25%. This is the amount that gets added to the base
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On Friday, the last business day of January, Fannie Mae announced that it would pay the closing costs, up to 3.5%, on purchases of foreclosed homes in its inventory. Fannie Mae is the country's largest provider of residential home funding, and is
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