Month: May 2012

Anne Arundel County Real Estate Market Update

Spring is in full bloom and so is the housing market !  All indicators point to a robust real estate market in Anne Arundel County with the lower price ranges driving the market.   Statistic                                             Values                             YoY                           MoM Total Sold $ Volume                 $174,542                    +12.32%                   +23.33% Closed Sales                                              478                         +4.6%                    +11.16% Median Sold Price                      …

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Prince George’s County Market Update (April 2012)

As the spring market continues to unwind PG County is continuing to see positive signs in terms of the housing market.  April #’s continue to show signs that market stabilization may be near.  The big unkown is the so called “shadow inventory” of foreclosures and how this will affect the supply of foreclosures. Statistic                             Values                 …

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March Foreclosure Sales Lowest Since December 2010, LPS Reports

Lender Processing Services, Inc. (LPS), a provider of data and analytics to the mortgage and real estate industries, recently released its March “Mortgage Monitor” report showing foreclosure sales at its lowest since December 2010. LPS data shows that foreclosure sales in March totaled 67,890, down by 8.5% on a monthly basis. The report of LPS …

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Most Americans Prefer Buying a Home to Renting, Survey Shows

Most Americans favor buying a home to renting, this according to the latest quarterly national housing survey conducted by Fannie Mae. Across all education levels, across all demographic groups and across all income groups, Americans say that owning a home makes more sense than renting. “The survey finds that despite the recent housing crisis, most …

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Mortgage Rates Down to All-Time Record Lows

Freddie Mac released last Thursday its “Primary Mortgage Market Survey” showing that fixed mortgage rates hit new all-time record lows — signaling that homebuying affordability is high. The 30-year fixed mortgage rate averaged at 3.84 %, down from the prior all-time record low of 3.87% recorded on February 9, 2012. The 15-year fixed mortgage rate …

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