A View from the Beach

Mortgage and Lending - Jeff Baxter Mortgage Team - NMLS #191033
Thoughts on the mortgage market and the Delaware Beach (Bethany Beach, Rehoboth Beach, Fenwick Island, Dewey Beach, and Lewes).



Strongly influenced by vacation home and investment property purchases, the local Bethany Beach market remains realtively strong.  A local Realtor - Leslie Kopp - recapped the summer end on her website:  As the summer season ends, our real estate market is sending mixed messages. We usually use s...
On September 18th, you're invited to the Sussex County Women's Council luncheon at the Heritage Inn on Route 1 in Lewes, DE.  Networking begins at 11:30 AM and the Luncheon is from 12-2 PM.  Cost is $25. The topic for the meeting is Insurance for Realtors and their Clients and we'll discuss Medic...
Edited to post to the Delaware Real Estate Group FYI - Here's the website for the local chapter:  http://www.sussexcountywcr.com/ It's really just a placeholder right now, but I'm sure it will be more developed in the future.  Links to SCAOR, the national WCR website; a database of members, etc. ...
Well, the news came today - Sunday, September 7th - that the Treasury is putting Fannie and Freddie into conservatorship under authority granted by the housing relief bill passed by Congress in July.  Senior management is leaving, all lobbying will be stopped, and dividends on the stock suspended...
According to data from the Sussex County MLS, there were 229 residential sales in July, 2008, compared to 321 in July 2007 - a 29% drop year over year.  These sales consisted of 145 single family homes, 59 condos/townhomes and 25 mobile homes Year to date, there have been 941 single family homes,...
At the beach, many property owners have used the 1031 exchange procedures outlined in our tax laws to delay or "push-off" taxable gains on the sale of investment properties and, many times, vacation homes.  Part of the strategy is to continue to rent the property for a while and then move into th...

Jeff Baxter

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