Happy New Year!
Best Wishes for a Spectacular 2009!
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
Happy New Year!
Best Wishes for a Spectacular 2009!
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
3891 Greenmeadow Lane, Davidsonville, Maryland 21035 is a gorgeous home for rent in sought-after Davidsonville, sited on a four-acre lot in Merrywood Manor.
This is a rare and wonderful opportunity to live in an established and prestigious neighborhood for a fraction of what it would cost to own! It’s a great location for commuting to Washington, DC, Fort Meade, NSA, Baltimore, Annapolis, or nearby. So if you know of someone relocating to the DC area, or looking for a rental home in the area, please get in touch.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
It took the press several months to change its tune after the real estate market started the downturn, and while I have been saying that it’s a great time to buy real estate in this soft market, the news media has been full of gloom. Now the sentiment seems to be changing. MSNBC reports today, “Bad Economy Great Deals; Housing Crisis Presents Significant Buying Opportunities.” The Wall Street Journal has the following headlines, “Today’s bidding wars; Buyers flock to condo auction, ready to snap up bargains” and “U.S. homes now undervalued, economists say.”
It’s hard to know if this change in attitude has been driven by the dramatic stock market declines, which have created plenty of doom and gloom headlines of their own. Certainly real estate looks a lot better by comparison! People need to invest their money somewhere, and it seems like this is the market that, two or three years from now, people are gonna look back and say, “Oh my gosh, I wish I had bought then.”
If you miss this opportunity, don’t blame me! I’ve been giving you the heads up that you can take advantage of this market, and that Washington DC area real estate and Annapolis Maryland real estate offers solid value. If you are tempted to take action in the real estate market in the next few months, it’s time to get started now.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
The National Association of REALTORS (NAR) reported in October that existing home sales increased over 5 and a half percent — a sign of improved housing affordability. The estimated annual volume has been revised upwards from of 4.91 million to 5.18 million units for 2008, representing a 1.4 percent increase over the previous year. The combination of lower prices, higher inventory and low mortgage rates have all contributed to the increase in sales.
“This is the first time since November 2005 that home sales have been above year-ago levels,” said NAR president, Richard Gaylord. “Credit tightened at the end of September, but the improvement demonstrates that buyers who have been on the sidelines want to get into the market to make a long-term investment in their future.”
Freddie Mac is reporting a recent drop in interest rates for the 30-year, conventional, fixed rate mortgage, averaging 6.04 percent in September, down from 6.48 percent in August. Despite the lower rates, speculative investors have not yet returned to the market, according to Lawrence Yun, NAR chief economist. Yun reports, “80 percent of current buyers are purchasing a primary residence, which is a bit higher than historic norms.”
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Total housing inventories were down 1.6 percent for the month of September, marking two consecutive monthly declines since inventory levels peaked in July.
Anne Arundel County figures for October 2008 are shown below.
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Information is deemed reliable, but is not guaranteed.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
The National Association of REALTORS reported in late September that recent sales for existing homes declined slightly, to an estimated annual volume of 4.91 million units for 2008. Recent tightening in mortgage lending has created challenges for some of today’s home buyers. According to Freddie Mac, the thirty year fixed rate mortgage hovered around 6.5 percent during the month of August, up slightly from the month before.
Officials are hoping that recent actions taken by the Federal government will create stability in the housing market. Lawrence Yun, chief economist for the National Association of REALTORS, says, “With higher loan limits and a beefing up of the FHA program, all the mechanisms have been falling into place to increase mortgage availability.”
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Statistics from the National Association of REALTORS®
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Anne Arundel County figures for September 2008 are shown below.
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Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2008 – Information deemed reliable, but is not guaranteed.
P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland
“Carlyn got us a quick sale above the asking price. She qualified prospects well, used a professional photographer for advertising photos, and provided expert advice during negotiations. Carlyn is what other Realtors aspire to be!”
– Paul Donnelly
“As first time home buyers, Carlyn Lowery was very attentive to our basic needs of walking us through each step of the home buying process from a novice standpoint. The long detailed list of items due at specific times from the start of the contract all the way through to the week of closing was greatly appreciated. It was great having an agent who took the time to clearly lay this all out for us. End result – a very smooth time at settlement. No surprises!”
– Ann Hannam
“We wanted a professional who would work with us to sell our home
quickly for a good price and protect our interests as sellers through the process.
Carlyn’s business acumen is her (and will be your) greatest asset.”
– Sue Bogard
“Carlyn was wonderful. She was organized, prepared, and knew the steps to take to sell our home quickly and used a wide array of marketing to get the job done. She gave great advice
during each of the phases, and in particular on the negotiation.”
– Michael Morgan
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