ARCHIVED BLOG POSTS

2008 

A few months ago the large Government Sponsored Enterprises (GSEs) -- quasi governmental entities that make up the "secondary" mortgage market - imposed declining market guidelines that forced lenders to require larger down payments in areas that were considered "declining markets". These were en...
05/16/2008
Here's a quick snapshot of the homes on the market in College Park and Berwyn Heights -- Currently Active (I.e., available for sale) -- 160 homes (condos, townhomes and single family homes)Low Price -- $117,900High Price --  $699,900Number of homes SOLD within the last 90 days -- 27 This means th...
05/13/2008
Here's a quick snapshot of the homes on the market in College Park and Berwyn Heights -- Currently Active (I.e., available for sale) -- 160 homes (condos, townhomes and single family homes) Low Price -- $117,900 High Price -- $699,900 Number of homes SOLD within the last 90 days -- 27 This means ...
05/13/2008
I recently listed a nice townhome in a decent neighborhood for a great price.  Sure enough. It got lots of showings and, lo and behold, an offer!!  Or was it? A lot of paper came through my eFax number and into my e-mail box but when I printed it out there were a whole lot of blank spaces in the ...
05/10/2008
In this article in today's Wall Street Journal, Cyril Moulle-Berteaux makes a strong case that we may be seeing the bottoming out of the housing crisis.  He makes the argument that prices may well have fallen enough and new home inventories are starting to fall indicating that the worst is over. ...
05/06/2008
There seems to be a disconnect between what might be considered a reasonable list price and the price the "new" buyers are offering in the marketplace. Probably, more to the point, there seems to be a disconnect between Realtors doing a little research on homes that match what they're clients mi...
05/05/2008
During the frenzy of the early "00s when anyone and everyone seemed to be able to get a mortgage and buy a house the Buyer's home sale contingency went out the window.  Even though Seller's probably understood that a house would sell quickly, why take the risk or even consider it when there were ...
05/04/2008
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It was a beautiful Sunday afternoon -- sunny, high 70s, slight breeze. If I was a golfer it would have been perfect for a day on the links.  Instead I was inside a nearly vacant home holding an Open House for a Seller who kept asking, "When are you going to have an Open House?"I prepared.  Postca...
05/04/2008
Rainer
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Ken Montville

The MD Suburbs of DC
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