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home sales: The Evolving Real Estate Market - 11/30/07 09:17 PM
Financial news in the last few days have revealed that conforming mortgage interest rates are near a 2 year low. Add to that the fact that according to a report from the National Association of Realtors inventory levels of unsold homes are at their highest in 22 years; a 5.1% drop in the national median sales price; buyers have the opportunity to buy a home at lower prices and with lower payments because of the combined conditions. Even real estate mogul Donald Trump has said that the next six months is a great time to buy real estate.
Conforming mortgage loans have limits of $417,000. Non-conforming Jumbo loans which … (2 comments)

 
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Charles Kraus, GRI - Greater Annapolis MD Area

Annapolis, MD

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Coldwell Banker Residential Brokerage

Address: 170 Jennifer Rd, Suite 102, Annapolis, MD, 21401

Office Phone: (410) 224-2200

Cell Phone: (443) 822-0700

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