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real estate: Save Seller Assisted Down Payment Assistance - 08/14/08 09:48 PM
The recent legislation that Congress sent to the President, which he signed eliminates a program that many first time buyers have relied on and will miss once it is phased out on October 1st, 2008. Many banks are already pulling back from these seller funded down payment assistance programs in advance of the October 1st, 2008 date.
Ameridream, The Genesis Program and Nehemiah among the seller funded down payment assistance programs will fade into the sunset and be replaced by a federal tax credit that appears as if it will fall short of the job these programs acheived. There is a grass roots effort … (7 comments)

real estate: Response to Washington Post article - 01/04/08 12:02 PM
Elizabeth,
You seen to make the real estate industry's point in your recent article, "All's Well in the State of Denial",  http://www.washingtonpost.com/wp-dyn/content/article/2007/12/15/AR2007121500025.html?nav=rss_realestate  that the media is using the current housing market problems to make news and sell advertising. Seems we're both in the sales industry. While it may not be a good time to buy a home if one is only going to live in it for 2 or 3 years, it is a good time to buy if you're looking to buy for the long-term.
The hot market of 2003 - 2005 had buyers clambering to purchase property during the hot market at … (1 comments)

real estate: 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

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