We're not there yet. We can expect six to twelve more months of declining home prices. Although not all gloom and doom, "Home prices have already tumbled 20% from their peak three years ago, and will probably sink another 10% before stabilizing. Some 12 million homeowners currently owe more on
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10/29/2008
RISMEDIA, May 27, 2008-(MCT)-Mortgage broker Joe Adamaitis spends much of his time in Florida, where foreclosure is almost an epidemic. But the story that sticks out in his mind is that of a Manchester, NH woman who called him one day looking for advice. The subprime lender who issued her mortgag
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10/28/2008
Alan Greenspan called current conditions a "once in a century credit tsunami". You can read more about Greenspan's comments in front of the House Oversight Committee on the FOXNews Website.
10/24/2008
For the sixth month in a row, inventory levels remain above the 4,500 level. In September the number of active units in Anne Arundel County trended down 1.1% and was down 2.0% from last year. The average sold price was $403,687 and was down 8.5% from last year. The pending transaction to active l
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10/13/2008
This custom designed and built "pegged post and beam" contemporary is situated on private wooded 2.6 acre lot features 3 BR / 2.5 BA, soaring ceilings and exposed beams, wide plank floors, an open floor plan, 2 fireplaces - one with a large brick hearth, 1st floor master bedroom and spacious mas
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10/07/2008
The S&P/Case-Shiller Home Price Indexes were released on Tuesday, September 30th. According to the data prices the Washington DC metro area fell 15.8% in July 2008 from the same period last year while only falling 1.1% from June 2008. In Anne Arundel County the home price index for July 2008 was
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10/03/2008