Buying a Home

One in Four U.S. Home Sales in 2Q 2012 are Foreclosure-Related Sales

According to RealtyTrac, foreclosure-related sales accounted for 23% of all U.S. residential sales during the second quarter of this year. RealtyTrac, which monitors foreclosed properties, reported that the foreclosure-related sales in the second quarter of 2012 climbed up from the 22% in the first quarter of this year and up by 19% from the same …

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Two Cities in Maryland Voted by CNN as Best Places to Live

The cities of Columbia and Ellicott in Howard County, Maryland were chosen as this year’s number 8 “Best Places to Live” by CNN. “Living on the border of Columbia and Ellicott City offers the best of both worlds — a charming, historic downtown with plenty of restaurants (Ellicott City) and a thoughtfully laid-out planned community …

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Maryland’s Home Prices Rise Yet Again in July 2012

Based on the latest housing statistics of the Maryland Association of Realtors (MAR), the average home price and median home price in Maryland for the month of July this year climbed up yet again. MAR’s latest housing statistics show that the average price of homes sold in Maryland last July was $307,383, a 3.8% increase …

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Mortgage Rates Continue to Rise for 3rd Straight Week

For third straight week, the average U.S. rates on 30-year fixed mortgage and 15-year fixed mortgage have continued to rise, this according to the latest report of Freddie Mac. As of August 16, according to Freddie Mac, the 30-year fixed-rate mortgage was 3.62%, an increase from last week’s average of 3.59%. However, this latest 30-year …

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