Monday, December 7, 2009

Happy New Year! January 2010 Housing Update

As of January 4 in The Forge:
FOR SALE: 19 homes, $250Kto $349.9K;
--1 home is 4 bdrms/1 bath
--3 homes are 3bdrm/2 baths
--15 homes are 3bdrm/1 bath

UNDER CONTRACT: 6 homes; 2 homes in Rodgers Choice
--1 home is a 4bdrm/2 bath, $339K
--1 home is a 3bdrm/2bath, $298K
--2 homes are 3bdrm/1 bath,$304.9K and $307K
--2 homes (Rodgers Choice) are 3bdrm/2 bath, $324.9( pot. short sale) and $389K


SOLD: since December 1: 6 homes
--2 homes are 3bdrm/1 bath; actual sold prices: $200K, $307K (EOG), $334.9K(EOG)
--3 homes are 3bdrm/2 bath; actual sold prices: $295K, $298K (EOG), $349.9K (EOG)
--1 home is a 4bdrm/2 bath; actual sold price: $325K

Average Days to put a house under contract: 44days
(Based on days on market of the homes currently under contract.)

Sunday, November 8, 2009

Homebuyer Tax Credit Expanded! Plus--New Tax Credit for Existing Home Owners!

It’s official!
President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. In addition, the extension also opens up opportunities for others who are not buying a home for the first time. To help you understand what the new tax credit details mean to you and your clients, I’ve put together a concise overview of the new tax credit deadline, income caps, and more.
Tax Credit for HomebuyersFirst-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000.Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.
Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.
What are the New Deadlines?In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.
Tax Credit Versus Tax Deduction.It’s important to remember that the tax credit is just that… a tax credit. The benefit of a tax credit is that it’s a dollar-for-dollar tax reduction, rather than a reduction in a tax liability that would only save you $1,000 to $1,500 when all was said and done. So, if a first-time homebuyer were to owe $8,000 in income taxes and would qualify for a tax credit of $8,000, she would owe nothing.Better still, the tax credit is refundable, which means the homebuyer can receive a check for the credit if he or she has little income tax liability. For example, if a first-time homebuyer is eligible for a tax credit of $8,000 but is liable for $4,000 in income tax, she can still receive a check for the remaining $4,000!
Maximum Purchase Price Qualifying buyers may purchase a property with a maximum sale price of $800,000.

Tuesday, November 3, 2009

November Housing Update

As of November 3 in The Forge:

FOR SALE: 16 homes, $249,9K to $344K
--2 homes are 4 bdrms
--4 homes are 3bdrm/2 baths
--10 homes are 3bdrm/1 bath

UNDER CONTRACT: 10 homes
-- 6 homes are 3bdrm/1 bath $220K to $307K
--3 homes are 3bdrm/2 bath $300K-$349.9K
--1 home is 4bdrm/2 baths $335K
SOLD since October 1: 8 homes
--6 homes are 3bdrm/1 bath; actual sold prices from$265K to $307K (5 w seller contributions)
--1 home is a 3bdrm/2 bath sold for $290K
--1 home is a 5bdrm/4 bath sold for $445K

Average Days to put a house under contract in Rodgers Forge : 32 days!

Based on homes currently under contract.

Note: In the last 4 month period since July 1, 2009, out of 31 homes that have sold:

--1 home sold over asking price

--3 homes sold at the asking price

--18 homes sold within $10,000 of the asking price.

Questions about the market or your home? questions about the first-time homebuyer tax credit extension? Call me or post to my blog.

Wednesday, October 7, 2009

October Housing Update

As of October 7 in the Forge:

FOR SALE: 22 homes, $259.5K to $359.9K
--13 homes are 3bdrm/1bath
--6 homes are 3bdrm/2 bath
--2 homes are 4bdrm/2 bath

UNDER CONTRACT:11 homes
--7 homes are 3bdrm/1 bath $220K-$307K
--3 homes are 3bdrm/1 bath $269.9K-$300K
--1 home is 5 bdrm/4 bath $445K

SOLD since September 1: 4 homes
--2 homes are 3bdrm/1 bath sold price:$263K and $274K
--1 home is 3bdrm/2 bath sold price $267K
--1 home is 4bdrm/2 bath sold price $307K

Average Days to put a house under contract: 53 days

Saturday, September 19, 2009

$8,000 Home Buyer Credit May be Extended

The deadline for the current $8,000 credit is November 30. To take advantage of this, buyers may need to make an offer on a house by the end of September, according to the National Association of Realtors. (That's because it's taking longer to complete transactions these days, the trade group says.) In the face of this looming deadline, housing and real estate interest groups have stepped up their efforts to convince lawmakers in Washington to extend the credit. Sen. Johnny Isakson, a Georgia Republican who worked in the real estate business before turning to politics, has been pushing for an expansion of the credit for some time. "December through February is historically the worst time for home sales anyway because of the winter months, so with the credit ending November 30, you have a double whammy" on the market, Isakson says. On Wednesday, he and several other lawmakers—including Senate Majority Leader Harry Reid, a Nevada Democrat—introduced a bill that would extend the tax credit for an additional six months. (Isakson had previously introduced legislation to extend the credit by a year.)
Credit--Luke Mullins, US News and World Report

Rates are Still at All-time Lows

As of September 18,2009

FHA 30 Year Fixed
$175,000 to $417,000
Credit Score 660, 3.5% Down
5.00% & 04.75% & 1.5 points
FHA - Jumbo 30 Year Fixed
$417,001 to $560,000 (Baltimore Metro Area)
Credit Score 660
3.5% Down
5.25% & 5.00% & 1 point
Conforming 30 Year Fixed
$275,000 to $417,000
Score 740
5.00% & 4.75% & 1 point
15 Year Fixed
$275,000 to $417,000
Credit Score 660+
4.375% & 0
Conforming ARMS5/1 Libor Arm
$275,000 to $417,000, 5/2/5 Caps,
Credit Score 740
4.125% & 3.75% & 1 point

Thursday, September 3, 2009

September Housing Update

As of today in The Forge:

--15 houses currently for sale from $268.5K -$319.5K. This is less than 1% of the homes in the neighborhood.
--12 are 3bdrms w 1 bath, 3 are 3bdrms w 2 baths.
--8 homes are currently under contract
--It took an average of 43 days for these homes to go under contract.
--7 homes have sold since August 1.
-- 3 were 3 bdrms w closing prices from $267K- $304K
--2 were 4 bdrms w closing prices of $309K-$350K
--1 was a 5bdrm closing at $440K.

The deadline is approaching for the First-Time Homebuyer credit! This is such a deal! $8,000 can be yours if you settle on your first property (within the last 3 years) by DECEMBER 1. Rates are still low, and houses are very affordable! Need more details? Have questions? Write in or feel free to call me.

Sunday, August 2, 2009

July Housing Update

As of today in The Forge:
--19 houses currently for sale from $269K -$415K. This is about 1% of the homes in the neighborhood. OF these:
-- 2 are 5bdrms priced from $392.5K-$415K
--1 is a 4bdrm at $307K
--16 are 3bdrms priced from $269K-$319K. Of these only 3 have 2 baths.:
--8 homes are currently under contract--It took an average of 36 days for these homes to go under contract.
--11 homes have sold since July 1.
--Of these 8 were 3 bdrms/2baths w closing prices from $$275K-$320K
--2 were 4 bdrms w closing prices of $330K-$342K
--1 was a 5bdrm closing at $390K.
The Forge continues to see a robust market. Rates are still very good, houses are very affordable and buyers have lots of reasons to buy in this market--especially first time home buyers who can take advantage of the $8,000 tax credit!
Need more details? Have questions? Write in or feel free to call me.

Tuesday, July 21, 2009

What a Difference A Makeover Makes!


When selling a house, perception is everything. And sometimes it is just the little things. The splash of color from a well placed throw rug or a tall vase with colorful blooms, or the bowl of limes on the table....
A few makeover tips for homeowners/ home sellers:
--if it looks tired, it is. Freshen up a room by putting in a new throw rug, or getting a new lampshade.
--check your bedding. Does it have some miles on it? Some fresh colors might make it a whole new room!
--dramatic artwork can really set off a room. Get some cool wrapping paper from a specialty shop and cut it to fit a frame and voila!
--de-clutter! Less is more when showing off your real estate space.
--Plants and flowers are great, but keep them freshly watered so they look plump and fresh.
--the more light the better. Brighten up your lower level with lamps and more lamps.
--For great curb appeal, sharp edging of your lawn along the sidewalk can make all the difference!

Saturday, July 18, 2009

RODGERS FORGE IS OPEN ON SUNDAY!

Starting at 12 noon on Sunday, there will be more than 12 homes open in Rodgers Forge--Take advantage of this big neighborhood OPEN HOUSE and bring your friends to the neighborhood, or, just go around and get some decorating ideas or landscaping ideas! Don't miss it! The Real Estate Blog would love to hear your feedback on these homes--any comments you have would be very welcome!! Houses are selling well in our neighborhood, rates are good, and summer is an ideal time to make a move! So take the kids, bring a friend, and visit some homes....
Below are some of the houses that will be open for your viewing:

107 Brandon Road--12-2pm
427 Dunkirk Road--12-2pm
132 Stevenson Lane--1-3pm
7212 Lanark Road--12-2pm
7235 Lanark Road--12-2pm
27 Murdock Road--12-2pm
32 Murdock Road--12-2pm
40 Murdock Road--12-2pm
134 Overbrook Road--1-3pm
149 Regester Avenue--12-2pm

Tuesday, July 14, 2009

July Housing Market Update

As of today in The Forge:
--22 houses currently for sale from $269K -$430K. This is about 1% of the homes in the neighborhood.
--Of these: 3 are 4bdrms priced from $307K-$369K
--2 are 5bdrms priced from $392.5K-$430K
--3bdrm price range is $269K-$319.9K
--Of the 3bdrms, 11 have 1 bath, 7 have 2 baths
--14 homes are currently under contract
--Average time it takes to put a home under contract is 46 days, but most took less time than that.

--12 homes have sold since June 1.
--Of these 12 were 3 bdrms w closing prices from $$240K-$348K
--2 were 4 bdrms w closing prices of $342K-$410K.

The Forge continues to see a robust market. Rates are still very good, houses are very affordable and buyers have lots of reasons to buy in this market!
Need more details? Have questions? Write in or feel free to call me.

Tuesday, June 30, 2009

Mortgage Notes--Do you know what HVCC is?



Rates are pretty good...still. Whether it's 5.25% or 5.75% , it's still good! More importantly, you should be aware of the new HVCC policy which can delay your closing or cost you extra money if you switch lenders and are attempting to use the same appraisal.

HVCC stands for home valuation code of conduct. This "code" of conduct was adopted by Fannie Mae and Freddie Mac as of June 1. Andrew Cuomo from New York did an "end run" around the legislative process and went directly to Fannie Mae and Freddie Mac to adopt this policy. This is a policy that was introduced in response to the "flipping" of homes that caused a lot of people to lose their homes due to fradulent practices concerning the appraisal process.
In short, mortgage originators may not order their appraisals anymore nor can they even speak to the appraiser regarding value. All appraisals, except on FHA and VA loans, must be ordered through a "management company". This is another layer to the already burdensome process of getting a mortgage. Appraisal fees immediately went from an average of $350.00 to $400.00.

The good news is that the National Association of Realtors and enjoined the lawsuit that the National Association of Mortgage Brokers has initiated and they are calling for an immediate moratorium on the HVCC procedure for the next 18 months. Let's hope that they are successful.

If I can help you with any mortgage questions and how this HVCC may or may not affect your upcoming home purchase or refinance please contact me and I will be happy to help guide you through the process.

Marc Hayes
Mortgage Consultant
O-443-632-0868
C-410-979-9588

Monday, June 15, 2009

Mortgage Rate Update/Monday June 15

Rates are continuing lower today as mortgage and treasury prices rally. ( Rates not back to previous lows, but at least heading in the right direction). Treasuries are climbing after the Japanese and Russian Finance Ministers expressed confidence in the U.S. dollar and U.S. securities. The economic releases last week were not as positive as the previous week and have helped stop the freefall in the treasury market as well.
Bruce W. Kessler
Mortgage Loan Officer
First Home Mortgage

Great Turn-out for Annual Rodgers Forge Picnic

Saturday's Community Picnic was a great success. Estimates are that we saw close to 500 neighbors at the big event. The kid's were lined up for pony rides all afternoon(after 200 rides we had some tired ponies!); even the pit beef ran out before 1pm! We had a very talented clown in the house who designed many different animal balloons--we loved the poodles on leashes-- and we saw lots of faces painted in many colors! The food was fabulous thanks to Wolford's. It was great to meet and catch up with lots of neighbors from many streets in the neighborhood.
Thanks to those who stopped at the ticket table to check on their dues and get them paid. the Rodgers Forge cups were a popular item. Many thanks to Kate Canada and her team of volunteers for pulling off an awesome event and for making sure we had good weather!

Monday, June 8, 2009

June Housing Update

As of today in The Forge:
--23 properties currently on the market, price range $269.9-$445K
--Of these, 3 are 5bdrm EOGs from $395-$445K
--3 are 4bdrm homes from $317-$349.9
--2 rentals on the market
--14 properties currently under contract, price range $245-$399K
--Average days it takes to put a house under contract: 45
--11 properties sold since May 1, sold price range $213-$350K
Questions, comments? Post them! Or call me anytime.

Friday, June 5, 2009

Mortgage Rate Update

Mortgage rates continued the trend higher this week. Today is no exception with financial markets reacting to a better than expected May Jobs Report. Payroll losses in May totaled 345,000, which was far fewer than the 520,000 that were expected. The unemployment rate did rise slightly higher than expected to 9.4%. The deceleration in job losses as well as stabilization in manufacturing and housing is evidence that we are taking the first steps to economic recovery. Stocks are relatively flat on the day while treasury and mortgage prices are lower, mortgage rates higher. Clients that have been floating their rate have lost some ground the 10 days.
Bruce W. Kessler
Mortgage Loan Officer
First Home Mortgage

Friday, May 29, 2009

Community Yard Sale in June

COMMUNITY YARD SALE
SATURDAY, June 20, 2009
8:00 a.m. – 1:00 p.m.

The residents at Stanmore Road and Stanmore Court are organizing a yard sale. Save the date if you are interested. For more information or if you want to organize one for your block on the same date, contact Cynthia Blind at 410-296-5854 or email - cblind@wtplaw.com.

Thursday, May 28, 2009

Tax Credit Update

The Secretary of HUD has reversed the earlier announcement from last week about permitting the 2009 Tax Credit to be used up front by buyers as part of their down payment. The program now remains as a tax credit that must be applied for by qualified buyers on their Federal Tax return. You can have your 2008 taxes ammended to get the credit or apply for the credit with your 2009 return.

Wednesday, May 13, 2009

It's Only A Buyer's Market if You Actually Buy!

There are so many incredible buying opportunities--I mean, once in a lifetime incredible buying opportunities, that many realtors are left wondering, why aren't buyers making a decision?? First-time homebuyers get an $8,000 tax credit, AND now, it looks like they will be able to use it as a downpayment! See the link below. Interest rates are at an all-time low, but nothing lasts forever. FHA money is below 5% right now, but by mid summer that will be gone since the bond money will all be gone. And with FHA, buyers only need 3.5% downpayment money. See what I mean? Buyers need to move now to take advantage of this magical moment in real estate history. The deals are out there--and in Rodgers Forge there is an inventory of homes that sellers want to move! Spread the word--it's only a buyers market if buyers actually buy. And now is the time! Please blog any other info you may have heard about the tax credit, or with other questions or issues you are hearing about.
http://www.realtor.org/press_room/news_releases/2009/05/re_summit?lid=ronav0019

Monday, May 11, 2009

Dumpster Day A Clean Sweep For Neighbors


The Rodgers Forge Community cleaned out the neighborhood on Saturday filling six dumpsters full of unwanted stuff. They also filled an Amvets truck and donated many re-usable items. President Janice Moore is pictured with some hard working committee members who were on hand to organize the morning's activities. This is a yearly event so if you missed it this weekend, we will do it again next May.

Thursday, April 30, 2009

May Housing Update

As of May 1:
  • 20 properties currently on the market(1% of total homes)
  • 5 properties for rent
  • Price Range: $229K-$465K
  • 13 currently properties under contract
  • 41 days on market(average time to go under contract))
  • 5 properties sold in April, $270K-$319K

For more details on these sales or housing values, contact me or feel free to post a question.

Monday, April 6, 2009

It's Spring in the Forge! And the Spring Housing Market is Hopping!

April Housing Update--
As of April 1:
--15 properties for sale
--price range: $229K-$465K
--12 properties under contract(42 avg number of days on market)
--3 properties sold in March
--$270K 3bdrm/1bath
--$283.5K 3bdrm/2 bath
--$328K (w$10K seller contribution) 3bdrm/2 bath
In 2008 from January through April 6 the average price of houses sold in the forge was $285K with an average of 62 days on the market. In 2009 for the same time period, the average price of houses that have sold is $287.5K with an average of 50 days on the market. For more details on these sales or housing values, contact me, or feel free to post a question.

Wednesday, March 25, 2009

RF Community Association President Janice Moore Sends a Letter to Delegate Bohanan; Send your Letter to john.bohanan@house.state.md.us

I am asking you to PLEASE support House Bill 693. I am a 24 year resident of Rodgers Forge Community and a past president of the Association. Our community is directly adjacent to Towson University (TU) on the southern boundary. Our community was founded in 1923 and through the years, Rodgers Forge has weathered through five different TU changes or if you will reinventing of TU. We are a row home community of 1,777 with two community schools (Rodgers Forge Elementary and Dumbarton Middle). Our residents are retires, professionals, singles, and families. This bill is essential to the stability of our community. It would ensure that communication would take place BEFORE any growth would occur AND the input from the Greater Towson community into the proposed growth/change would be done in a logical and planned manner with minimal impact. This is what this House Bill 693 would do: Growth with responsibility and communication! I thank you for your time. Janice Moore, Rodgers Forge

Monday, March 16, 2009

Over 75 Community Neighbors Attend Towson Master Plan Review--Student Housing Takes Center Stage

"A vibrant university is good for everybody, but we have too many 18-22 year-olds with nowhere to live," commented Wiltondale resident Brian Murphy responding to the presentation of the updated Towson University Master Plan on Wednesday night at the Minnegan Room at Unitas Stadium. Towson architects and planners fielded questions from neighbors and gathered feedback from surrounding communities in attendance including Rodgers Forge, Knollwood, Burkleigh Square, and Wiltondale. The 2010 plan was written in 2003 and is required to be revisited by the University System of Maryland every five years.
"We are willing to deal with the ones {students}we have but we are at maximum capacity," Knollwood resident Terry West said. "There aren't enough beds for these students and we can't handle any more students living in our communities."
Currently, according to University statistics, 85 percent of first-year students live on campus. After gaining junior status, students are no longer guaranteed on-campus housing. Housing issues were clearly the focus of neighbors concerns as residents lined up at the microphone to tell their stories and offer suggestions or solutions until 9:45pm. the meeting began at 6:30pm.
"I saw no surprises on the Master Plan, which is a relief," commented Rodgers Forge Community Association President Janice Moore. "I was encouraged by their willingness to consider using the space in the West Village of the campus reserved for possible faculty and staff housing for student housing. We will be glad to take the faculty and staff in the neighborhood!" While it was encouraging to see Towson representatives so open to suggestions and solutions, the proof will be in the reality that we live out in the community. Unfortunately, our collective experience has been one of disappointment in the University not living up to it's promises and seeing solutions put into place that simply do not have any teeth or staying power. Frankly, the communities do not need more solutions. How about putting substance behind the existing ones? That would be a good first step toward building trust in the surrounding communities.

Sunday, March 8, 2009

Zillow Zestimates Are not Always Accurate

Have you ever wondered about those “Zestimates” from Zillow.com ? How accurate are they really?
"I pondered this recently, as a listing I have coming on the market in Hunt Valley has a Zestimate about $40,000 LESS than the value determined during my true, in-depth market analysis" commented Marney Kirk, Keller William Realtor and real estate blogger. "On the other hand, using their “My Estimator” tool brings the value up to over $110,000 HIGHER than its true value!" According to Marney, the site does not have correct information for Towson because Baltimore County has not provided it to the public about the square footage, number of baths, the fact that it has hardwood floors throughout, a finished basement, and other important details.
As an example, if there is a Rodgers Forge home with the correct value of $300,000, 71% of the time the Zestimate could price the home as low as $240,000. Can you imagine being a seller viewing that info? Or how about a buyer, if it were 20% above? Would you, as a buyer, be happy with paying $360,000 for this home?
Zillow.com even recommends getting a comprehensive market analysis from a qualified local real estate agent. To get a free market estimate of your Rodgers Forge home, call me anytime!
Thanks to Marney Kirk from Keller Williams for her excellent information! CLick here to link to the entire articlehttp://www.realtormarney.com/zillow-zestimates-for-towson-real-estate-may-be-misleading/

Tuesday, March 3, 2009

March Update--Rodgers Forge Real Estate Activity

Current Statistics
as of March 3, out of approximately 1800 homes:
  • 15 homes for sale
  • 4 homes for rent
  • Sale Price Range: $269,900 -- $369,000
  • Rental Range: $1,675-$1,200 per month
  • 3 0f 15 homes for sale have been on the market for approx 200 days
  • Of the other 12 homes for sale, average days on market: 27
  • 6 homes currently under contract--average days on market: 25
  • Since January 1, 11 homes have settled, average price $287,000, averaging 60 days on market

Summary: Homes are selling in the Forge and they are selling pretty fast given the economy. Price and condition of the property are driving the contracts.

  • If you are thinking of listing and want top dollar: make sure your property is updated and that it sparkles! 2 new or updated bathrooms and an updated kitchen really sell a property. Open kitchens done well, will sell well .
  • Price: If your property is not perfect or needs updating and you want to sell quickly, price it competitively, maybe just under the price of comparable houses in the neighborhood and it will sell . This is a buyer's market. Be prepared to negotiate any listed price.
  • Questions? Call or email me, or post a comment. If you want a print- out of current listings, solds, and under contracts, I will be glad to email them to you.

Thursday, February 26, 2009

A Good Day of Testimony In Annapolis for HB 693

Pictured here are Jean Ottey-Rodgers Forge, Chris Raborn-Wiltondale, Delegate Steve Lafferty-HB693 Sponsor and GT Kelinger-Burkleigh Square after testifying before the House Appropriations Committee in Annapolis yesterday on the House Bill sponsored by Delegate Lafferty requiring Towson University to publish an Impact Statement to the community if the student population changes or if there is a change to the Master Plan. "We are happy to be vigilant as a community," commented Jean Ottey, "but we shouldn’t have to stay up nights wondering about the next shoe that is going to drop because Towson University is not accountable in a meaningful way to the community. Sadly, we need this bill so that we know we have a process we can depend on." Neighbors from all the surrounding communities that touch the Towson University campus were represented yesterday in Annapolis to testify in favor of House Bill 693 sponsored by Steve Lafferty and co-sponsored by Susan Aumann and Bill Frank. It was a great show of support. Towson University was also there to testify against the bill. Steve Lafferty encouraged Rodgers Forge residents to write to the delegates on the apprpriations committee to show your support for this bill. It is an important part of the process.

Tuesday, February 24, 2009

Community Impact Bill Needs our Support--Jean Ottey Testifying Today for Rodgers Forge

Jean Ottey will be testifying today in Annapolis in support of the Community Impact Bill--House Bill 693, sponsored by Delegate Steve Lafferty. Delegates Frank and Aumann are co-sponsors. This bill will require Towson to make an impact statement each year the full time student population increases or there is a change to the Master Plan. This Bill will ensure communication so that the surrounding communities will not be blind-sided, or surprised as Rodgers Forge was with the Arena location. It is unfortunate to have to mandate cooperation, but given what Rodgers Forge has seen in recent weeks, it would be foolish for the surrounding neighborhoods to count on Dr. Caret's magnanimity. The community needs to support this bill to require Towson's cooperation. Below is some of the testimony that will be given today:
In support of House Bill 693—USM Designated Growth Institutions—Community Impact Statement
Let me say that Rodgers Forge was very pleased with the outcome of the negotiations to relocate the arena. We were pleased that Towson/Dr. Caret were willing to work with us to come to a mutually agreeable compromise that worked for everyone. Good outcome.

However, the community had to expend a tremendous effort to this end, because Towson had changed their plans without telling anyone. We were blind-sided by the change in the location of the Arena. It is this kind of action without attention to correct process or with any thought to the community that we as a community worry about in the future. Towson can talk about all the community meetings they attend, but this was a big change that went under the radar. We as a community are worried about the next thing that might slip under the radar if we are not standing at attention.

We believe this required impact statement would keep this from happening. We are happy to be vigilant as a community, but we shouldn’t have to stay up nights wondering about the next shoe that is going to drop because Towson University is now a designated growth university—we need this bill so that we know we have a process we can depend on.

Saturday, February 14, 2009

Towerlight Article Displays Amazing Narrow-Minded Attitude--RF Will Need to Stay Vigilant

http://media.www.thetowerlight.com/media/storage/paper957/news/2009/02/12/Sports/Heating.It.Up.RodgersForge.Is.Out.Of.Line.Here-3625625.shtml
Click on my comment below. Post your own comments!

Signing Ceremony-- Rodgers Forge and TU Commit to Location of Arena and other Concessions--



On Thursday, February 12, Janice Moore, President of the Rodgers Forge Community Association, and Robert Caret, President of Towson University sign a Memorandum of Understanding detailing specific agreements about the location of the new Towson University Arena. Members of the Rodgers Forge Arena Committee are also pictured here at the ceremony. For more info on the agreement see the article on Arena Agreement below.

Stimulus Plan Approves $8,000 Tax Credit for Homebuyers

Attention first-time homebuyers!
As part of the Stimulus bill just passed by Congress, if you buy a home this year, you are eligible for an $8,000 tax credit--which can even be advanced as a loan to help with settlement costs. Effective for purchases on or after January 1, 2009 and before December 1, 2009, here are the highlights:

--Maximum tax credit--$8000
--Reduces tax liability for the year of the purchase. Any unused amount of tax credit refunded to purchaser
--First-time homebuyers only (may not have owned a principal residence in 3 years prior to purchase)
--No repayment for purchases during this year

Thursday, February 12, 2009

15 Properties Currently for Sale in RF

Out of 1800 homes, that is less than 1% of the homes in the neighborhood.
--Prices range from $279,000 to $369,000.
--Average days on the market based on the 8 homes currently under contract is under 48 days. 7 of those homes took less than 30 days to sell.

Arena Agreement to be Signed and Sealed Tonight!

The Rodgers Forge Community and TU President Robert Caret have reached a tentative agreement on the location of the proposed new Arena.

Dr. Caret and the Rodgers Forge Community will sign a "Good Neighbor Accord" Memorandum of Understanding in a 10-minute signing ceremony/press conference tonight, 2/12, at 5:30 p.m. at the Towson Center Arena lobby. Residents are encouraged to attend.

The new Arena will be placed on the northwest side of the existing arena, away from the neighborhood, adjacent to the parking area identified as Lot 20. Other concessions that Towson has agreed to include the following:
--Fencing: a buffer zone along the property lines will be created by a fence that will be placed behind the TU Child Care Center and continue west behind the resindences located on the 100 block of Stanmore road. TU will maintain and repair it as needed.
--Landscaping: Two rows of Leyland Cypress and one row of desiduous trees will be planted prior to construction in the same vicinity as the fence to block the view of the campus from the neighborhood.
--Arena Operation: Contruction of the site will only commence between 7am and 7pm on weekdays. Subsequent Arena events will conclude by 9pm on weekdays and by 10pm on weekends. No tailgating will be permitted in the parking areas and green spaces abutting theRodgers Forge community.
--Community Liaison: TU will appojunt a community liaison who will be empowered to cross all departments at TU for the purpose of rectifying concerns of the surrounding communities and will be available and reachable 24 hours a day to address concerns requiring immediate attention.

There will be a Board of Regents meeting tomorrow, Friday 2/13, 11:00am,at the TU Student Union (Chesapeake room) at which time the Memorandum detailed above will be read to the Regents and into the minutes by representatives from Rodgers Forge and the GTCCA, Greater Towson Council of Community Associations, which is the umbrella organization of 30+ Towson neighborhood associations of which Rodgers Forge is also a part.

The community thanks President Caret and Towson University for listening to it's neighbors. We look forward to a continuing dialogue.

Thursday, January 29, 2009

Rodgers Forge Housing Update

Currently out of almost 18oo homes in the neighborhood, there are only 8 homes listed for sale in the multiple list service. Prices range from $282K - $364.9K.

Average sold price in the last 3 months for a 3 bedroom home: $291K
Average list price in the last 3 months for a 3 bedroom home: $298K

This gives you the average price adjustment --about $7,000--from the list price as buyers negotiate prices.

These are just averages--your results could be different.

Tuesday, January 27, 2009

Baltimore Sun Article about Last Night's Meeting

Residents protest arena expansion at Towson
January 27, 2009
As Towson University President Robert L. Caret began a discussion on the advantages of living near a college community, dozens of residents entered the hall with large signs calling for a halt to a $45 million new arena on the campus. The residents demonstrated at the town hall meeting to which the Greater Towson Committee invited the presidents of Goucher College and Towson University, asking them to discuss resources the schools provide to the community. The presidents and other university officials gave the audience a preview of campus plans, including the $45million arena set for construction next year. The 5,000-seat arena is planned as an addition to the Towson Center building near Osler Drive and has been criticized as intrusive and unnecessary. Opponents have organized into Halt TU Arena Now and are circulating a petition against the project. Caret promised that he would meet with community leaders as soon as possible and said he is willing to consider a different orientation for the addition. "People can trust what I say," Caret said. "I put out facts. And I think we had good dialogue. I'm pleased we're back at the conversation level." Many in the audience said that mistrust is still a major issue. "He cares about the growth of Towson University but not the growth of the community as a whole," said Jean Ottey, who lives in neighboring Rodgers Forge. Mary Gail Hare

Rodgers Forge 4th Graders Go To Middle School

Rodgers Forge fourth-graders go to middle school
Shuttle to take students to next-door building to ease overcrowding this fall
By Arin Gencer arin.gencer@baltsun.com
January 26, 2009

Come fall, fourth-graders at Rodgers Forge Elementary will report to the crowded Towson-area school each morning before heading next door to Dumbarton Middle School.But they won't be going to their new classrooms on foot. Students who both walk and ride to the elementary will make the trip of about one-fifth of a mile to Dumbarton by shuttle bus.The ride should be a quick one - about two minutes down Dumbarton Road, where both schools sit, separated by a playing field. In the afternoon, shuttles will return the children to Rodgers Forge.Susan L. Deise, principal of Rodgers Forge, said safety is one of the primary reasons for the plan, as school officials contemplated how best to get more than 120 children down a busy street.
"We need to have the shuttle to protect all of the things that we have in place at Rodgers Forge," Deise said, such as the schedule, before- and after-school clubs and child care, among other things. Using shuttles helps maximize instruction time, she added.Having all students begin and end their day at Rodgers Forge also reinforces that the fourth-graders are part of the school community, she said."If we begin and end our day [together], there is still that sense of unity," Deise said. Their return at the day's end will also give them time for recess and exchanging library books, she said. And while walking might be nice in the spring, winter and inclement weather is not ideal for such exercise, she said.Towson-area parents received letters this month notifying them that third-graders from overcrowded Rodgers Forge will be moving to Dumbarton for their fourth-grade year. Deise has also provided a detailed Q&A on the move, with more specific information."We have simply run out of enough space to accommodate additional classrooms," she wrote in her letter to school families. Moving fourth grade to Dumbarton is part of a continuing effort to handle the school's climbing enrollment, the letter stated.The move is a temporary measure until the new Towson elementary school is built, Dumbarton Principal Nancy B. Fink explained in her letter to middle school families. The new elementary is expected to open in August 2010.No additional cost is anticipated for the shuttles, said Kara E.B. Calder, schools spokeswoman. The morning buses that bring the children in will likely remain to take the fourth-graders to Dumbarton, she said.Rodgers Forge had 709 students as of Sept. 30 and was nearly 80 percent over its capacity, according to the school system's latest enrollment report. That figure has climbed to 714, and counting, Deise said in a recent interview. Projections for next year indicate as many as 765 students, she said.Meetings for parents and residents are scheduled for 7 p.m. today at Rodgers Forge and Feb. 2 at Dumbarton.
Copyright © 2009, The Baltimore Sun

Monday, January 26, 2009

Rodgers Forge Meets President Caret

Town Hall Meeting Turns into "Rodgers Forge Meets President Caret"

The tone for the meeting was set when Janice Moore, President of the Rodgers Forge Community Association got up at the Towson Town Hall Meeting at Minnegan Stadium and actually introduced herself to President Caret saying, "I have never met you before." Even though we have unhappily been wrestling over community issues with you for how long? Yet, you President Caret, have never met the President of our community association. We know you're busy, but now that you have met, we hope you will be true to your word and halt all activity on the new Arena (it may be only an addition, as you call it, but lest semantics muddy the waters, it is still a big brand new, first class Arena that will be attached to the existing Towson Center which is presently slated to be deposited in the backyard of Stanmore Road) until you have met with the community directly to begin a dialogue to promote what is good for the entire community at large, and not what is only good for the university at the expense of the rest of the community.

We await with great anticipation a phone call from your office giving us the time and place of this meeting which you promised would be held either Friday (1/30) or Monday (2/2). We look forward to working with Towson University so that you can demonstrate your willingness to work with the community for a solution that both forwards the university's progress and supports our mission to promote a vibrant family neighborhood with strong home values not threatened by university encroachment. Our goal is to continue to maintain a high quality of life in the neighborhood that is enhanced by having the University as our neighbor--not hindered by it, or even crippled by it.

We are hoping that President Caret will take steps to personally rebuild the trust that has been eroded by the university's seemingly deliberate lack of communication and lack of concern for the community they exist in and exist to serve.

More to come----

Rodgers Forge Residents Fight TU Arena

RF Residents Collectively Call TU a "Bad Neighbor"

Some 250 Rodgers Forge residents attended a meeting last Wednesday evening to confront Towson University about the new arena that is slated to be built virtually in the backyard of Stanmore Road, a very important boundary for our neighborhood.
Residents wore red and carried a red banner: "Halt TU Arena Now". The meeting was widely covered by the print and broadcast media. The residents, the Rodgers Forge Board, and other concerned citizens did a good job of articulating the concerns of the neighborhood which include the following:
  • Without informing the neighborhood TU changed the scope and location of the Arena from the 2003 Master Plan
  • Property values will be in jeopardy due to industrial noise, safety issues and inherent parking problems that will ensue from basket ball games and concerts of some 6000 students
  • Neighbors on Stanmore believe their quality of life will be greatly diminshed

Neighbors are collectively calling for a HALT to all plans for the new arena until a forum can be called in which the community is invited to sit at the table and work together with the university to agree on a plan that is in the best interest of the entire community.

Friday, January 16, 2009

Welcome to Rodgers Forge Real Estate!

I started this blog to keep a current dialogue going about homes in the neighborhood, current values, and anything that affects that value. Rodgers Forge is a Baltimore gem that we need to keep shining bright. I want to shine a light on all that is good about our neighborhood and help us to be vigilant about any issues that might have a negative affect. We live in a great location with great schools, great neighbors, and great home values. Let's keep it that way!