Wednesday, July 15, 2015

Market Update - Summer, 2015

Rodgers Forge - Summer Market Update - Zipcode 21212

10 Homes Currently For Sale
6 homes - 3bdrms/1bath - $259,9K-$342,9K
1 home - 3dbrms/2bath - $325K
1 home - 4bdrms/2bath - $359,9K
1 home - 5bdrms/4bath - $449,9K


17 Homes Currently Under Contract
1 home - 2bdrms/1bath - $269,9K
7 homes - 3bdrms/1bath - $244,9K-$349,5K
6 homes - 3bdrms/2bath - $289K-$335K
2 homes - 4bdrms/2bath - $329K-$359K
1 home - 5bdrms/3bath - $439,9K


24 Homes Sold Since May 1, 2015
13 homes - 3bdrms/1bath - $225K-$335K
6 homes - 3bdrms/2bath - $285K-$300K
3 homes - 4bdrms/2bath - $299,9K-$369,9K
1 home - 4bdrms/1bath - $329K
1 home - 5bdrms/3bath - $389K

Thursday, July 9, 2015

402 Murdock - New Listing

 
This new listing at 402 Murdock is a showstopper. 
Unique 4 bedroom/2bath with over 2000 sq ft of finished space. 
Open this Sunday, July 12, 1PM-3PM. 
Tell your friends!
 









Tuesday, May 5, 2015

Home Sales Snapshot

Existing Home Sales in March surged by 6.1 percent from February to an annual rate of 5.19 million units. This was the largest monthly increase since December 2010. Sales are also up 10.4 percent from a year ago. Lawrence Yun, the National Association of REALTORS® chief economist, noted, "After a quiet start to the year, sales activity picked up greatly throughout the country in March."

On the flip side, New Home Sales in March unexpectedly declined as sales fell 11.4 percent from February to an annual rate of 481,000 units. This is a stark contrast to the 543,000 units recorded in February, which was the strongest performance for new home sales in seven years. The harsh winter weather in January and February shut down construction sites, and that had an impact on March's figures. We will have to see if new home sales are further curtailed heading into the spring home buying season.

Also of note, Fannie Mae released its April 2015 Economic and Housing Outlook, revealing that economic activity was suppressed in the first quarter, largely due to the West Coast port disruptions and difficult weather patterns that gripped a large portion of the Northeast. Now that spring has arrived, it will be important to see if economic activity blooms along with the weather. 

                                                                                                             
Marc Hayes
Mortgage Consultant
NMLS #198734
Mortgage Master Inc.
Cell: 410-979-9588
Direct Line: 443-632-0868
Fax: 443-321-0548
E-Mail: mhayes@mortgagemaster.com
                                                                                                             

Rodgers Forge May Market Update -- Zipcode 21212

8 Homes Currently for Sale 
4 homes-- 3bdrms/1 bath -- $244.9K - $289K
2 homes --3bdrm/2bath --$289K - $300K
1 home  --4bdrm/2 bath --$303.9K
1 home  --5bdrm/ 2 bath -$399.9K

20 Homes Currently Under Contract
9 homes -- 3bdrm/1bath -- $229.9K - $335K
7 homes -- 3bdrm/2bath -- $285K-$299.9K
2 home --  4bdrm/2 bath --$299.9K- $369.9K
1 home --  4bdrm/1 bath --$329K 
1 home --  5bdrm/3 bath -- $389K

11 Homes Sold since April 1, 2015
3 homes --3bdrm/1 bath -- $255K -$330K
4 homes -- 3bdrm/2 bath -- $262K-$335K


    






















1 home --   4bdrm/2 bath -- $310.5K
1 home --   4bdrm/1bath -- $290K
1 home --   5bdrm/2bath -- $372.5
1 home --   5bdrm/3bath --$390K

Average days on market: 29
based on 20 homes currently under contract

Saturday, March 28, 2015

Rodgers Forge -- Zipcode 21212 
 
13 Homes Currently for Sale 
8 homes-- 3bdrms/1 bath -- $239.9K - $319K
3 homes --3bdrm/2bath --$299K - $309K (2 Rodgers Choice)
1 home  --4bdrm/2 bath --$299.9K
1 home  --5bdrm/ 3 bath -$389K

10 Homes Currently Under Contract
3 homes -- 3bdrm/1bath -- $269K - $330K
4 homes -- 3bdrm/2bath -- $268.5-$339K
1 home --  4bdrm/2 bath --$315K 
1 home --  5bdrm/2 bath --$379.9K 
1 home --  5bdrm/3 bath -- $399K

11 Homes Sold since February 15, 2015
6 homes --3bdrm/1 bath -- $229K -$299K
3 homes -- 3bdrm/2 bath -- $199K-$350K


       






















1 home --   4bdrm/2 bath -- $325K
1 home --   5bdrm/3 bath -- $439K
Average Days on Market based on recent solds:: 38 days

Thursday, February 5, 2015

February Market Update

Rodgers Forge -- Zipcode 21212 
 
14 Homes Currently for Sale 
 1 home -- 2bdrm/2 bath --$320K
4 homes-- 3bdrms/1 bath -- $244.9K - $279.9K
6 homes --3bdrm/2bath --$199.9K - $449K (2 Rodgers Choice)
1 home  --4bdrm/1 bath --$287K
1 home  --4bdrm/2 bath --$309.9K
1 home  --5bdrm/ 3 bath -$399.9K

9 Homes Currently Under Contract
6 homes -- 3bdrm/1bath -- $229.9K - $299.9K
1 homes -- 3bdrm/2bath -- $298.9K
1 home --  4bdrm/2 bath --$325K 
1 home --  5bdrm/2 bath --$379.9K

6 Homes Sold since January, 1st 2015
4 homes --3bdrm/1 bath -- $239K -$299K
2 homes -- 3bdrm/2 bath -- $269.7K-$270K


    






















 
Average Days on Market for 5 houses: 42 days

Tuesday, January 20, 2015

Good News From FHA--More Affordable Mortgage Costs

       FHA will be lowering their mortgage insurance premiums by .50% ( 1.35% down to .85%). This is a pretty significant drop for FHA and will make it more appealing and affordable for homebuyers. To quantify the savings, for a $200,000 mortgage, the savings would be $83 per month ( $1000 per year).
      Fannie Mae and Freddie Mac recently announced they will be offering 97% financing again for some borrowers. This is a great option for good credit borrowers who may be short on down payment funds. This option is only available as a 30 Year Fixed for owner occupied, 1 unit properties and at least 1 borrower on the loan must be a 1st time home buyer. In addition, the full 3% down payment can come from gift.
        Interest rates have hit their lowest point in the last 18 months with conventional 30 Year Fixed rates in the mid to upper 3’s! FHA 30 Year Fixed rates are down as low 3.25%!
              Conforming loan limits have increased to $517,500 for many Maryland counties including Baltimore City and County. FHA loan limits are also up to $517,500. While jumbo rates are very competitive these days, the guidelines are more stringent compared to conforming loans.
       This is very good news for the Maryland Real Estate Market! For buyers, this means more affordable payments, for sellers who are ready to put their house up for sale, this means a good Spring market.