realtor in silver spring md: Confidence of Home Builders at 6-Year High
- 11/21/12 09:57 AM
A good gauge of real estate market conditions is National Association of Home Builders’ (NAHB) confidence level. Based on the most recent survey available, single-family home builders’ confidence is at a 6-year high. The survey is scored by comparing builder perceptions of the marketplace. For example, surveyors are asked to rate their expectations of home sales for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” These scores are then calculated to derive a seasonally adjusted index where any number over … (0 comments)
realtor in silver spring md: Down Payments at 3-Year Low for First-Time Home Buyers
- 11/13/12 09:18 PM
Down payments on homes for sale in Silver Spring, MD have fallen to a three-year low. Currently, the median down payment is 9 percent for first-time home buyers. As low as this figure is, it's still much higher than it was during the housing boom when about half of all first-time buyers made no down payment. After the housing crash, mortgage lenders tightened lending standards making it significantly harder to qualify for a home loan. As a result, first-time home buyer programs allowed funds to come a variety of the following approved sources: Continue Reading Down Payments at 3-Year Low for First-Time Home Buyers … (0 comments)
realtor in silver spring md: Advice for November Home Buyers
- 11/07/12 05:05 AM
If you're planning to search homes in Silver Spring, MD during the fall and winter months, be prepared to encounter unique challenges and opportunities alike. Challenges There will be significantly less inventory to choose from, so it may take longer to find your "dream home." Lower inventory generally means higher prices. You will have to make the move during cold seasons and close to major holidays. Snow/ice can impede a home inspectors ability to conduct a fully comprehensive inspection of the home's roof, chimney, etc. Opportunities Continue Reading Advice for November Home Buyers … (1 comments)
realtor in silver spring md: The Great Recession’s Great Opportunities for First-Time Buyers
- 10/31/12 01:23 AM
The Great Recession, which officially began in December 2007, brought with it hardships for many Americans. Unemployment levels soared as countless businesses closed their doors. The American Dream became difficult for many homeowners to hold onto as foreclosures and short sales skyrocketed. The silver lining of this economic crisis has been the extraordinary opportunities created for first-time home buyers. Mortgage rates have hovered at historic lows, making home ownership more affordable than it has been in decades. Though banks have tightened lending guidelines, there are still plenty of loan programs to assist borrowers with fair to excellent credit. The Great Recession has … (1 comments)
realtor in silver spring md: What Are You Waiting For?
- 10/24/12 11:05 AM
If you're similar to many American consumers, then you're probably beginning to feel more confident about the economy. If you've been paying attention to home values, then you've noticed an increase. You're also probably aware that mortgage rates are continuing to float along the floor. All-in-all, you can't get much better circumstances to buy a home in Silver Spring, MD then what you have right now. If you've been afraid to purchase for fear of not getting the lowest price possible, then you need to make your move now. Truthfully, the bottom has come and gone and home prices are ascending. … (0 comments)
realtor in silver spring md: Tips for First-Time Real Estate Investors
- 02/27/12 05:45 AM
If you're a first time real estate investor, make a point of tuning in to the amazing host of articles that are available on the Internet. They're a terrific source of information; practically everywhere you look, there are loads of articles – and they're free for you to read and download. Articles are a great source of free information. Check out this real estate investment web site as an example of a terrific place to find these articles. A lot of experts find that one of the best general article sites is Ezine Articles. You need a resource that's well-organized … (0 comments)
realtor in silver spring md: Silver Spring – Where the Fun Never Ends!
- 01/27/12 08:24 AM
It's already the last week of January! It's time to get out and enjoy the terrific places to go and unique things to do in our area! Here's a look at just a few of the possibilities available for your enjoyment during the upcoming week in Montgomery County: Saturday, January 28 at noon, experience the rich culture of the Chinese Lunar New Year at Lakeforest Mall! Come out for the opening ceremony; view the beautiful decorations and exhibits. Entertainment and activities will take place over two weekends, January 28 & 29 and February 4 & 5 from 12:00 p.m. - 5:00 … (0 comments)
A good gauge of real estate market conditions is National Association of Home Builders’ (NAHB) confidence level. Based on the most recent survey available, single-family home builders’ confidence is at a 6-year high.
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