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Timonium home sales in November 2012 were up in a HUGE way from November 2011! The total sold volume for Timonium home sales last month was $$21,009,298, which is an 70.93% increase over November 2011, where $12,293,200 homes sold. The average sold price was up 17.86% to $362,229. The average price was down a little from October 2012 Timonium home sales, but [...]
The Towson 21286 zip code saw another increase in home sales in October 2012, when compared to October of last year. Home sales in 21286 for October totaled $3,759,900 which is up 12.07% from the same point in 2011. It is down from the higher average in September 2012 21286 Home Sales, but that is an often [...]
The Maryland Senate passed a ground rent bill yesterday that would require the owners of ground rents to register them before they would be allowed to collect the money from them. This was in response to the ground rent registration law that was overturned last year, where if the ground rent were not registered by [...]
The foreclosure backlog is large, and with foreclosure filings up 33% in August over July, analysts think the real estate market has yet to hit bottom. What does this mean for Baltimore real estate? Well, it could mean that Baltimore house values could see further drops. As more foreclosures come on the market in any [...]
I received an email this morning from one of the lenders that I would recommend, and he said FHA and VA loans started the day at 3.875%! He said: So far this week, mortgage rates have improved as investors continue to worry about the health of the economy and anticipate a moderate recovery. Treasury prices [...]
NAR did an analysis of what a Government shut down could mean for those trying to either buy or sell a home. It's not good for either. On the Realtor.org website, they discuss the implications: FHA would not be able to insure/endorse any new loans. IRS cannot process federal tax returns. This means that if [...]
Many buyers and sellers are trying to time their sale or purchase based on whether they feel house prices may have hit the bottom or if they will fall further. According to a recent USNews Money report, the housing market bottom may already be here. Why? Some areas show homes are undervalued, and increases in [...]
Federal Home Loan Bank's $7,500 First Time Buyer Grant is back for many qualifying individuals. Brian Picker, one of my mortgage partners from 1st Mariner Mortgage, announced the return of the program and his company's involvement in it. Here are particulars on the grant qualifications from the information he sent over to me: Details: • [...]
This Month in Real Estate September 2010 is here early! September's video discusses foreclosures, and how California, Florida, and Arizona topped the list in most foreclosures per state. Maryland foreclosures too are at an all time high, as I discussed in both July & August, up 56.2% in the first half of 2010, and 10th [...]
Does HUD owe you a refund? If you had an FHA-insured mortgage after September 1, 1983 and meet certain qualifications (including no refinance), then possibly! Here are the eligibility requirements from their website: Who may be eligible for an FHA refund or share? Premium Refund: You may be eligible for a refund of a portion [...]