anne arundel county: Case-Shiller Home Price Index Continues to Decline - 08/29/08 09:05 AM
The S&P/Case-Shiller Home Price Indexes were released on Tuesday. Prices in the Metro-Washington DC area fell 15.7% in June 2008 versus the same period last year while only falling 0.9% from May 2008. In Anne Arundel County the home price index (caluclated using a similar methodology to the Case-Shiller index) for June … (0 comments)
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anne arundel county: Real Estate Market Assessment - 08/20/08 06:49 AM
For the fourth month in a row, inventory levels were above the 4,500 level. In July the number of active units in Anne Arundel County trended down 0.6% but was up 9.1% from last year. The average sold price dropped below $400,000 and was down 8.5% from last year. The pending … (0 comments)
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anne arundel county: Housing Stimulus Bill Passed on 7/30 - 08/04/08 08:10 AM
On July 30th the President signed into effect the "Housing and Economic Recovery Act of 2008" without much fanfare from the Whitehouse or the Press. I don't even remember hearing anything about it on CNN or any other network news shows. So, what's the big deal? Well, maybe there is no … (0 comments)
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anne arundel county: Real Estate Market Assessment - Annapolis, Maryland - 07/15/08 01:08 PM
The buyers' market continues with no cooling in sight. Sellers, now facing the dog days of summer, are likely to see the inventory level reach new highs and falling prices hit new lows with no relief in sight.
In Anne Arundel County in June the total sold volume was down 31.8% … (0 comments)
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anne arundel county: Real Estate Market Assessment - 07/02/08 02:57 PM
More of the Same for 12 to 18 More Months
The current real estate market is likely to continue to remain the same for the next six to twelve months. After the upcoming election it may take six to twelve months for the new President to implement policies that will have … (0 comments)
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anne arundel county: Real Estate Market Assessment - 06/17/08 10:06 AM
Active inventory continues to increase, while new listings continue to decrease and pending sales also decline. The trend established more than two years ago continues. Pending sales declined 22.6% from this time last year. While new listings declined 23.8% from last year and active listings were up 4.3% over May 2007. … (0 comments)
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anne arundel county: Real Estate Market Assessment - 05/18/08 10:08 AM
In April 2005 in Anne Arundel County the ratio of pending sales to active listings was 65.8%. In April 2007 the ratio was 11.1%. This ratio has been on the decline for the past three years. However, it appears that the ratio has bottomed out and is now nearly level for … (0 comments)
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anne arundel county: Current Conditions - Declining Market - 05/03/08 10:27 AM
We need a new way of thinking about real estate. You see, our homes are a commodity - not a product. When the seller establishes the selling price it's a product, but when the buyer sets the selling price it's a commodity. And, the price of the commodity moves up or … (0 comments)
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anne arundel county: Real Estate Market Assessment - 04/15/08 04:02 PM
April showers may bring May flowers but is the real estate market is ready to bloom? While negative news coverage of the real estate market dominates the headlines well positioned sellers and ready willing and able buyers are making deals. Although the inventory of active units is up, the average sold … (0 comments)
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anne arundel county: The Buyer’s Market Maintains Momentum - 04/04/08 08:40 AM
The trend is clear. It remains a buyer's market and home sales continue to be sluggish. While current economic conditions continue to deteriorate throughout the country, the metro Washington-Baltimore area - which has been relatively recession proof in years past - is suffering from lagging home sales, declining prices, and increasing … (0 comments)
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anne arundel county: Real Estate Market Assessment - 02/16/08 03:28 PM
While sellers wait for the housing market to thaw, buyers remain in hibernation. Will the spring market ever arrive? The housing slump isn't over yet and prices are likely to continue to tumble for the foreseeable future. However, market indicators are promising. Inquiries are up. Showings are up. Units Sold are … (0 comments)
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anne arundel county: The Economy and Market Indicators - 02/03/08 09:41 AM
Despite what Washington or the media says, all signs point to the fact that we are in a recession. The 2008 Presidential candidates claim we're in economic trouble. Recent bold moves by the President, the Congress and the Federal Reserve are aimed at halting further economic decline.
In an emergency session … (0 comments)
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anne arundel county: Real Estate Market Assessment - 12/12/07 08:11 AM
REAL ESTATE MARKET ASSESSMENT
Last week during the season's first snow temperatures plummeted and we had our first taste of winter. And it was chilly. But the cold snap was short lived unlike the current real estate market which appears to have frozen solid. While sellers wonder if the market will ever … (0 comments)
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anne arundel county: Anne Arundel County Housing Affordability Index Rises 2.1% - 12/10/07 02:36 PM
Maryland Housing Economics
Anne Arundel County Housing Affordability Index Rises 2.1%
December 10, 2007 - The Anne Arundel County Housing Affordability Index rose 2.1% in November 2007 to 61.1 - up slightly from 59.9 in October 2007. In November 2007 the Average Sold Price of a home in Anne Arundel County was $415,771 … (0 comments)
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anne arundel county: Real Estate Market Assessment - 12/06/07 03:22 AM
Real Estate Market Assessment
The seasonal slump in the real estate market may already be upon us. As it does each year, home sales slow in late November and don't pick back up until January or February. And, it is likely to be slower this winter than in years past. Why? Well, … (0 comments)
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anne arundel county: What is Affordable in Today's Market? - 12/06/07 03:19 AM
What is Affordable in Today's Market?
What is affordable in today's real estate market? Using the classic definition affordable means the ability to purchase a home with a 20% down payment while qualifying for a conventional 30-year fixed rate mortgage under traditional lender guidelines where the borrower's mortgage payment does not exceed … (0 comments)
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