Howard County Maryland Real Estate Talk

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Market Update - Montgomery County: July 2007 VS July 2006
2007-08-29 00:21:00
Montgomery County :  July 2007 VS July 2006Sales prices rose from a year ago by 9.85% from an average of $547,991 to $601,995.  Sellers are being negotiated 4.68% off of their original list price versus 4.08% one year ago and homes are staying on the market longer.  In 2006 the average home was on the market for 49 days.  In July of 2007 the average home is on the market for 68 days.  That?s a 38.78% increase.  1815 new listings came to the market and 917 where put under contract.  These numbers show there is a large supply of homes on the market and it is getting bigger every month.If you would like a more detailed valuation of your home, contact us today.
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Market Update - Baltimore County: July 2007 VS July 2006
2007-08-29 00:14:00
Baltimore County :  July 2007 VS July 2006Sales prices fell from a year ago by 1.03% from an average of $323,544 to $320,221.  Sellers are being negotiated 4.82% off of their original list price versus 3.95% one year ago and homes are staying on the market longer.  In 2006 the average home was on the market for 49 days.  In July of 2007 the average home is on the market for 67 days.  That?s a 36.73% increase.  1520 new listings came to the market and 860 where put under contract.  These numbers show there is a large supply of homes on the market and it is getting bigger every month.If you would like a more detailed valuation of your home, contact us today.
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Market Update: Anne Arundel County: July 2007 VS July 2006
2007-08-28 23:57:00
Anne Arundel County :  July 2007 VS July 2006Sales prices fell from a year ago by .80% from an average of $432,290 to $428,848.  Sellers are being negotiated 7.75% off of their original list price versus 6.4% one year ago and homes are staying on the market longer.  In 2006 the average home was on the market for 64 days. In July of 2007 the average home is on the market for 92 days.  That?s a 43.75% increase.  1131 new listings came to the market and 612 where put under contract.  These numbers show there is a large supply of homes on the market and it is getting bigger every month.If you would like a more detailed valuation of your home, contact us today.
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Drastic changes in the mortgage industry! How will it impact you?
2007-08-05 16:15:00
The mortgage industry has seen drastic changes in the last several weeks that could potentially affect today's homebuyer. These were caused by the deterioration in the sub-prime market segment that has carried over to the Alt-A segment (good credit borrowers that are using stated income, no documentation, and limited documentation loans). The secondary market (where all lenders package and sell the mortgages they originate to Wall Street) has responded with very few buyers for these types of loans. Mort gage banks have been forced to raise rates on these types of loans and/or stop making them. The only reliable source of mortgage funding for most lending institutions right now are FannieMae and FreddieMac. If a borrower is looking for a loan amount of $417,000 or less (Fannie and Freddie loan limits) and they can document income, they will probably see little or no impact.  If a borrower cannot fully document his or her income they may have trouble obtaining a loan.  What ...
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Post your Howard County Real Estate Questions Here.
2007-07-31 13:44:00
Do you have a question regarding Real Estate in or around Howard County Maryland?Have a question about Real Estate in General?Post it as a comment below.
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1.36 Acres in Howard County - 4BR 3.5BA
2007-07-28 00:25:00
Vist 2925SummerHill.com for pictures and more informationOPEN HOUSE on Sunday, July 1st from 2-4pm 2925 Summer Hill Drive West Friendship, Md. 21794 Sophisticated Style You'll cherish the luxurious layout of this 5015 sq.ft brick Colonial on 1.36 acres in Howard County ! Details include: 4 bedrooms, 3.5 bathrooms; a grand two story foyer with hardwood flooring; dual stairs leading to the upper level; a welcoming formal living room with cathedral ceilings that can be used as a library & an impressive Atrium window; elegant dining room with crown moldings and chair railings; a spacious two story family room with a wood-burning fireplace, Atrium windows & hardwood flooring; a gourmet kitchen with multiple 42" cabinets, granite countertops, double Corian sinks, a breakfast bar, side by side refrigerator, double ovens; recessed lighting & more; main floor laundry room located in the mud room; an oversized owners suite with a separate sitting area,cahterdal ceilings, huge...
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$899,900 Brand New Construction in Ellicott City. Loads of options
2007-07-27 19:33:00
Visit http://123move.net/listings4.php?property =5225carson for pictures and informationBedrooms: 4.0Baths: 4.50Sq. Ft.: 4985.00Built: 2007BRAND NEW CONSTRUCTION LOADED WITH OPTIONS! 10K TOWARDS CLOSING COSTS! OUTSTANDING FLOORPLAN W/2-STORY FOYER, 2 STORY FR, GOURMET KITCHEN W/GRANITE COUNTERTOPS & UPGRADED MAPLE CABINETRY, REAR SOLARIUM ADDITION. FULLY FINISHED LL W/REC ROOM & FULL BATH. HARDWOODS THRUOUT 1ST FLOOR (EXCEPT TILE IN SOLARIUM). MBR W/SITTING ROOM & SUPER BATH. 3 FULL BATHS ON UPPER LEVEL. BRICK FRONT. CALL BRIAN AT 410.340.8666!Call Brian at 410-579-MOVE
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$579,900 - 4 bedroom - Single Family Home - Former model! Perfect condi
2007-07-27 19:23:00
This former model home is in perfect condition. Visit http://www.8201RamblingRose.com for more information and pictures8201 Rambling Rose LaneLaurel, MD 20724Russett Bedroom s: 4.0Baths: 3.50Sq. Ft.: 4270.00Built: 1993MLS: AA6481699Lot (ft): 8437Acres: 0.19-Brick front colonial on corner lot-Tall 9? ceilings on the main level-Extensive crown molding, chair rail & wainscoting-Grand 2-story foyer w/hardwood floors-Gourmet kitchen w/upgraded 42? white cabinets, center island w/flat top cooktop, wall oven, built-in microwave, side-by-side refrigerator w/ice-maker, double sink, pantry, desk area, recessed lighting, breakfast area & hardwood floors-Sunken family room w/patio door to deck, loads of windows w/half round transom windows, berber carpeting, gas fireplace w/mantle & eyeball lighting-Formal dining room w/bay window-Living room w/built-in mirrors & moldings-Study w/built-ins & hardwood floors-Powder room w/pedestal sink & hardwood floors-Mud room ...
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Is the Howard County Real Estate market depreciating?
2007-07-08 23:45:00
No!  In fact in May of 2007 vs May of 2006 the average sold price of a home was up .80%.  However, the average days on market was up 90.70%, from 43 in May 2006 to 82 in May 2007.  This is the reason why people believe the market is slowing down.  Why is it taking longer for homes to sell?  There are several factors including higher interest rates, price to income levels, but the main reason is over pricing by sellers and Real tors.  Even though the average price went up by .80%, the average list price is up 2.33%.  As a result of overpricing, it takes longer for homes to sell.  And in the end for the overpricing seller and Realtor, buyers are negotiating harder in 2007 vs 2006.  The average negotiation in 2007 was 96.32% of the list price vs 97.78% of the list price in 2006.  One final fact...20.74% less homes sold in May 2007 vs May 2006.  This means there are less buyers for the sellers.  Sellers need to create more value...
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5BR 3.5BA - 5,500sqft in Emerson
2007-07-02 17:16:00
This Ryland built gem is the largest in the community with over 5,500 finished square feet, three finished levels, five bedrooms and three and a half baths. A grand two-story foyer with hardwood floors and bright Palladian style window; 2 story family room w/gas fireplace; formal dining room w/chair rail and crown molding; spacious living room w/bright windows; study w/crown molding and French doors to living room; gourmet kitchen w/ 42? Maple Cherry cabinets, stainless steel refrigerator, wall oven, built-in microwave, Jenn-Air gas cooktop Corian island w/downdraft, pantry, desk, butler?s station, custom light fixture and recessed lighting; bright morning room off kitchen w/hardwood floors; separate laundry room off kitchen; master suite w/cathedral ceilings, ceiling fan and double walk-in closets; super master bath w/soaking tub and double sink; huge finished lower level w/walk-out to rear yard; lower level features 5th bedroom, 3rd full bath, storage/utility room and rec room w/r...
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