Rodgers Forge Real Estate

Housing Market Picks Up Speed for 2012

2012-01-25T15:31:00.000-08:00

(MoneyWatch) By Ilyce Glink

It's only January, but already the latest real estate news indicate that the housing market is looking up.

CoreLogic's latest MarketPulse report, released Wednesday, suggests 2012 could be the year of the housing turnaround. Improved unemployment figures, low mortgage interest rates and inexpensive homes could be just the kick the housing market needs to begin a recovery.

Home sales are expected to rise between 2 and 5 percent year-over-year, according to Freddie Mac's U.S. Economic and Housing Market Outlook survey, also released Wednesday. That's not as much - or as quickly - as some people would like to see, but at least it didn't forecast home prices to fall further than they already have.

Foreclosures hit lowest level since 2007
FHA extends waiver to help resell foreclose homes
Freddie Mac offers a break to unemployed homeowners

This optimistic outlook is due largely to all the good economic news we're hearing about the end of 2011: Existing home sales increased in November, while the inventory of unsold homes decreased to a six-to-seven month supply. Nearly 80 percent of American households believe now is a great time to buy, and if that optimism translates to sales, the inventory could dwindle even further.

It's not just buyers who are feeling good about the 2012 real estate market. Homebuilder confidence is the highest it's been since 2007, due once again to the economic news we're hearing about the latter part of 2011.

Housing starts began to climb last year, rising to around 600,000 in 2011 from 587,000 in 2010. The latest National Association of Homebuilders (NAHB) index rose four points from December 2011, reaching 25 on the 100-point scale. The optimal score is 50 and, while we're not there yet, we could be on our way: According to the NAHB, confidence has risen four months in a row, with the latest uptick measured across each region.

WOW! Only 17 homes on the Market in Rodgers Forge!

2012-01-18T08:37:00.000-08:00

This time last year, we had approximately 21 homes on the market in Rodgers Forge, and as the year continued, we saw higher and higher inventories of homes for sale reaching to about 35 homes at the peak. this "early" Spring is actually a great time to consider putting your house on the market while inventories are at their lowest level. Houses that are updated and in good condition sell very quickly. There are buyers out there looking for the right house.
17 Homes currently for sale:
5 -3bdrm, 2baths: $245K-$314.9K
10 -3bdrm, 1 bath: $229K-$284K
1 -4bdrm, 1 bath: $284.9K
1 -2bdrm, 2 bath: $190K (Condo)
6 Homes Under Contract
3 -3bdrm, 2 baths: $259K-$285K
1 -3bdrm, 1 bath: $200K
1 -4bdrm, 2 bath: $339.9K
1 -5bdrm, 3 bath: $599K (Victorian-short sale)
8 Homes Have Been Sold (from December 1-January 18)
5 -3 bdrm, 2 baths: $220K-$290K
2 -3bdrm, 1 bath: $219.5K-$223K
1 -5bdrm, 1bath: $305K
Of the homes sold since December 1, it took an average of 49 days to put a home in Rodgers Forge under contract.

Cost of Owning a Home More Affordable than at any Point in the Last 15 Years

2011-11-28T06:43:00.000-08:00

Monthly mortgage payments lower than the average rent levels in 12 metro areas...
http://online.wsj.com/article/SB10001424052970203764804577060502694077494.html?KEYWORDS=NICK+TIMIRAOS

Even in this market, we have seen competing offers in Rodgers Forge!

2011-11-22T16:11:00.000-08:00

As the year winds down it is interesting to look at the market and take stock of the good , bad and the ugly. We saw an unprecedented number of properties for sale in the neighborhood this year. At any given time this summer we were well over 30 homes for sale, which is a good 20% more than what is typical in Rodgers Forge. The number of days on market swelled as the houses that were in disrepair and/or vacant sat for months. We even had a few lanquish for more than a year while prices were cut again and again. While this did not help overall values, the neighborhood still saw brisk sales for homes that were in very good condition--especially those with 2 full bathrooms, new and open kitchens, and those coveted end-of-groups. These properties would typically be sold in under 30 days, some within 7 days. We even saw competing offers this year for homes that were in top condition and had all the things buyers are looking for.
So what is your house worth in today's market? For a 3 bdrm/2 bath that has a newer kitchen and is in top condition, you can expect $285K-$300K. We saw a 3bdrm, 1 bath with a lovely open kitchen sell a few weeks ago for $295. For an EOG in top condition, you can expect $310K-$325K. For homes with more bedrooms prices are higher.
What if your house is not perfect and needs work? As long as you purge your house of clutter, apply some fresh paint, and maybe get a little staging advice, you would be surprised how some elbow grease applied in the right areas can go a long way toward a quick sale at a good price.
As long as rates stay low, which the Fed has guaranteed for the next 2 years, buyers will be buying houses. And Rodgers Forge continues to be a neighborhood of choice for many young families, first -time home buyers, and buyers who want a stable neighborhood that they know will be easy to resell.
If you want more specific information about your own home and it's value, I would be happy to provide a market analysis. Feel free to email or call me.

November Housing Update

2011-11-22T13:30:00.000-08:00

HAPPY THANKSGIVING!
Here is the latest activity going on in the neighborhood:
20 Homes Currently For Sale:
9-3bdrm, 2baths: $245K-$329.4K
9 -3bdrm, 1 bath: $$243.5K-$289.9K
1 -4bdrm, 1 bath: $284.9K
1 -5bdrm, 1 bath: $325K
11 Homes Under Contract
5 -3bdrm, 2 baths: $239K-$297.5K
4 -3bdrm, 1 bath: $200K-$268K
1 -4bdrm, 1 bath: $313.9K
1 -4bdrm, 2 bath: $339.9K
3 Homes Have Been Sold
1 -3 bdrm, 2 baths: $387.4 K
1 -3bdrm, 1 bath: $295K
1 -4bdrm, 2baths: $316.5K
Based on the current properties under contract, it is taking on average 107 days to get a house under contract. However, there are still plenty of homes that are taking less than 30 days to be sold. It soley depends on the condition of the property.
Information provided as of October 31, 2011.

2011-07-16T06:17:00.000-07:00

AS OF JULY 15TH, 2011 NEIGHBORHOOD REAL ESTATE ACTIVITY IS AS FOLLOWS:

ACTIVE PROPERTIES - 35 Homes for Sale

* 9 - 3 BR, 1 Bath. $274,000 - $289,000
* 11 - 3 BR, 1.5 Bath. $235,000 - $294,900
* 9 - 3 BR, 2.0 Bath. $251,500 - $312,000
* 5 - 4 BR, 1.5 Bath. $274,900 - $334,900
* 7 - 4 BR, 2.0 Bath. $265,000 - $339,000

UNDER CONTRACT - 15 Properties

* 1 - 3 BR, 1.0 Bath. $250,000
* 4 - 3 BR, 1.5 Bath. $200,000 - $299,900
* 7 - 3 BR, 2.0 Baths. $229,900 - $334,900
* 1 - 4 BR, 2.0 Baths. $339,900
* 1 - 5 BR, 2.0 Baths. $425,000
* 1 - 5 BR, 2 Full, 2 Half Baths. $395,000

19 Homes SETTLED (since May 6th)

* 11 - 3 BR, 1.0 Bath. $196,400 - $317,000
* 5 - 3 BR, 2.0 Bath. $242,000 - $309,500
* 1 - 4 BR, 1.5 Bath. $337,000
* 1 - 4 BR, 2.0 Bath. $339,000
* 1 - 5 BR, 2.0 Bath. $425,000

* The AVERAGE # of Days On Market for a Rodgers Forge property to go under contract b/w May 6th - July 14 = 81 Days

May Neighborhood Housing Update

2011-03-05T06:45:00.000-08:00

As of May 6 in the neighborhood:

27 homes for sale:

--9 homes are 3bdrm, 1bath, $269K-$294.9K

--14 homes are 3bdrm, 2 baths, $259K-452.2K* (*Rodgers Choice)

--2 homes are 4 bdrm, 2 bath, $339K-339.9K

--1 home is 4 bdrm, 1 bath, $279K

--1 home is 5bdrm, 2 bath, $425K

15 homes are under contract:

--10 homes are 3bdrm, 1 bath, $200K-$317K

--3 homes are 3bdrm, 2 bath, $242K-309.5K

--2 homes are 4 bdrm, 1-2 bath, $337.5K-339.5K

5 homes have been sold since April 1:

--4 homes are 3bdrm, 1 bath, sold at $225K and $283K

--1 home is 3bdrm, 2 baths, sold at $323K (EOG)

the average number of days to put a house under contract based on April data: 38 days.

February Neighborhood Housing Update

2011-02-02T15:00:00.000-08:00

As of February 2 in the neighborhood:
21 Homes for Sale:
--12 homes- are 3 BDRM/1bath, $249.9-$320K
--8 homes are 3BDRM/2 bath, $49.5-$339K
--1 home is a 4BDRM/1bath, $339.9K
7 Homes Under Contract:
--4 homes are 3BDRM/2 bath, $255K-299.9K EOG
--3 homes are 3BDRM/1 bath, $257K-$294.9
1 Home Sold since January 1:
--1 home 3BDRM/2 bath, $277.5K
Average number of days to put a house under contract in Rodgers Forge: 110
Based on the most recent seven homes that are currently under contract.

Tax Assessments are in the Mail

2011-01-05T20:53:00.000-08:00

http://articles.baltimoresun.com/2009-12-29/news/bal-md.assessments29dec29_1_homestead-tax-credit-program-home-values-assessment-supervisor

January Housing Update

2011-01-05T10:21:00.000-08:00

As of January 5 in the neighborhood:
--22 Homes for Sale:
--14 homes- are 3 BDRM/1bath, $229.4-$299.9K
--7 homes are 3BDRM/2 bath, $255K-$339K
--1 home is a 5BDRM/1 1/2bath, $339K
--3 Homes Under Contract:
--2 homes are 3BDRM/2 bath, $289.9K(152 days on market); 299.9K EOG(22 days on market) --1 home is a 4BDRM/2 bath, $279K(92 days on market)
--5 Homes have Sold since November 30:
--3 homes are 3BDRM/1 bath, $290K-$293K
--1 home is 3BDRM/2 bath, $285K
--1 home is a 5BDRM/4 bath, $435K
Average number of days to put a house under contract in Rodgers Forge: 88*
*This number should improve quickly in the Spring market

November Housing Update

2010-11-02T16:24:00.000-07:00

As of November 2 in the neighborhood--
27 Homes for Sale:
--22 homes- are 3 BDRM/1bath, $253.9-$299K
--4 homes are 3BDRM/2 bath, $255K-$299K
--1 home is a 4BDRM/2 bath, $359.9

9 Homes are Under Contract:
--6 homes are 3BDRM/1 bath, $255K-$329K
--1 home is a 3BDRM/2 bath, $299.9K
--2 homes are 5BDRM, $449.9K and $354.9K

5 Homes have Sold since October 1:
--1 home is 3BDRM/1 bath, $320K (EOG)
--2 homes are 3BDRM/2 bath, $315K and $281.5
--1 home is a 4BDRM/1 bath, $315K
--1 home is a 5BDRM/2 bath, $435K
Average number of days to put a house under contract in Rodgers Forge: 37

FIRST ANNUAL YWGC YARD SALE- Saturday, October 23

2010-10-12T13:26:00.000-07:00

Heads Up Rodgers Forge!
If you didn't have a chance to do a yard sale this summer, here is your perfect opportunity!
Saturday, October 23 9-3pm/ near Princeton Sports!
1425 Clarkview Rd in the Parking Lot just outside our office
--$10 to rent a table!
--donation truck for anything left over
--Incred-A-Shred will be there!
--cool raffles for Ravens stuff and more
--food and beverages
--It will be a fun day and a fun way to make some money and clean out your house before winter sets in.

October Housing Update

2010-10-08T09:15:00.000-07:00

As of October 8
--27 homes for sale
20-- 3 bdrm, 1 bath; $259.9-$299.9
4-- 3bdrm, 2 bath; $269.5-$299.9
1-- 4bdrm, 2 bath; $369.5
1-- 5bdrm, 4 bath; $449.9
--10 homes under contract
5-- 3bdrm, 1 bath; $225.0-$329.0
2-- 3bdr, 2 bath; $286.9-$315.9
1-- 4bdrm, 1 bath; $320.0
2-- 5bdrm, 2 bath; $354.9-$464.0
--4 homes sold ( since September 1)
3bdrm, 1 bath; $254.5-$325.0
Average days to put a house under contract: 35 days

Mid-Year Housing Trend Report

2010-09-05T07:40:00.000-07:00

The Baltimore metro market showed positive results this quarter after several quarters of mixed performance. Yearly statistics show a modest increase in prices since the 2nd quarter of 2009, and improvement in both volume and days on market. It is too soon to declare the Baltimore metro area housing market in recovery, but the remainder of 2010 may herald recovery.

Baltimore City: prices rose 3.2% in the 2nd quarter of 2010 from a year ago. The city’s low average sales price of $165,959 tends to contribute to volatility in percentage changes.

The Northern suburbs: prices were down slightly, by 0.5% from one year ago. The average sales price in the Northern suburbs for the 2nd quarter of 2010 is $274,825

The Southern suburbs showed an increase of 1.5% compared to the 2nd quarter of 2009. The average sales price in the Southern suburbs in the 2nd quarter is $372,205.

As a whole, Baltimore metro prices rose 0.9% from one year earlier. The ratio of inventory to sales ticked down by 0.2 months to 7.7 months during the 2nd quarter. Unit sales volume in 2nd quarter 2010 totaled 7,211 units, an increase of 21.5% over the same quarter in 2009.

Reported by MRIS

September Housing Update

2010-09-05T07:12:00.000-07:00

As of September 5 in The Forge:

For Sale

26 Homes

--20 3bdrm, 1 bath $255-$324.5K

--2 3bdrm, 2 bath $284.5-$299.9K

--1 4bdrm, 1 bath $320K

--1 4bdr, 2 bath $369.5K

--1 5bdrm, 2 bath $479K

--1 5bdrm, 4 bath $449K

Under Contract

8 homes

--5 3bdrm, 1 bath $225-325K

--2 3bdrm, 2 bath $286.9-$315.9K

--1 4bdrm, 1 bath $289.9K

Sold

5 homes

--2 3bdrm, 1 bath $285K

--1 3bdrm, 1 bath $288.4

--1 3bdrm, 1 bath $291K

--1 4bdrm, 1 bath $277.5K

Average days to put a house under contract: 75

based on the current homes under contract

Rates remain very low in the 4% range. Houses can be settled within 30 daqys on average.

This is a very good time to consider refinancing your mortgage if you rate is 6% or above.

2010-09-05T07:11:00.001-07:00

2010-07-23T18:18:00.000-07:00

August Housing Update

2010-07-01T08:46:00.001-07:00

As of August 1st in The Forge: Our market is still very active.
FOR SALE:
28 homes: $215K to $379.9K
--2 homes: 3 beds/1 bath, $289K-$319K

--18 homes:3 beds/ 1bath/1 half, $264.9K-$332K
-- 5 homes: 3 beds/2 baths, $269.5K-$349.9K
--1 homes: 4 bed/1 bath/ 1half, $289.9K
--1 home: 4 bed/2 baths, $379.9K

--1 condo: 2 bed/2 baths, $215K (Rodgers Forge Condos)
UNDER CONTRACT:
6 homes: $225K-$299.9K
--5 homes: 3 bed/1 bath/1half, $225K-$299.9K
--1 home: 4 bed/1 baths/1half, $277.5K
SOLD: Since July 1, 2010

8 homes: $225K-$524.9K
--1 home: 3 bed/1 bath, $225K

--2 homes: 3 bed/1bath/ 1 half, $279.9K-$289.9K
--2 home: 3 bed/2 baths, $256.9K-$299.9K
--1 home: 3 bed/3 baths, $299.9K

--1 home: 4 bed/3 baths, $ 389.9K
--1 home: 5 bed/3 baths/1 half, $524.9K

Average days to put a house under contract: 60 days.

April Housing Update

2010-04-09T19:15:00.000-07:00

As of April 9 in The Forge: Note there are almost as many homes under contract as there are for sale. Our market is very, very active. The deadline for the tax credit is April 30.
FOR SALE:
24 homes: $269.9Kto $424.9K
--15 homes: 3 beds/1 bath, $269.9K-$321K
-- 4 homes: 3beds/2 baths, $289.9K-$299.9K
--1 home: 4 b/1 bath, $277.5K
--1 home: 4 bed/2 bath, $349.9K
1 home: 2 apartments (EOG), $269.9K
--1 home: 3 bed/2bath/2 halfs. $$424.9K (Rodgers Choice)
UNDER CONTRACT:
23 homes: $239K-$389K
--12 homes: 3 bed/1 bath, $$239K-$315K
--6 homes: 3 bed/2 bath, $285K--$3339K
--1 home: 3 bed/3 bath, $350K
--1 home: 4 bed/1 bath, $339K
--1 home: 5 bed/2 bath, $377K
--2 homes: 3 beds/2 baths/2 halfs, $369K-$389K (Rodgers Choice
SOLD: Since March 1, 2010--9 homes
--5 homes: 3 bed/1 bath, $281.5K-$321K
--3 homes: 3 bed/2 baths, $278K-$340K
--1 home: 4 bed/1 bath, $344.5K
Average days to put a house under contract: 72 days.

Scenario G Approved with Modifications

2010-03-25T09:27:00.000-07:00

According to today's Towson Times, a modified version of Scenario G was approved which keeps our neighborhood relatively intact with the exception of a small group of duplexes south of Overbrook Road in the 6400 block of Pinehurst Road. As approved, this scenario will render Rodgers Forge Elementary at 93.2% capacity when the September 2010 school year opens. Click on this link to read the article. http://www.explorebaltimorecounty.com/news/105298/gselected/

March Housing Update

2010-03-02T20:42:00.000-08:00

As of March 2 in The Forge: Note there are almost as many homes under contract as there are for sale. Our market is very active.

FOR SALE: 16 homes, $254.9Kto $363K;
--1 home is 4 bdrms/2 bath
--6 homes are 3bdrm/2 bath
--9 homes are 3bdrm/1 bath
UNDER CONTRACT: 14 homes;
--6 homes are 3bdrm/1 bath, $279K--$325K
--4 homes are 3bdrm/2 bath, $279.5K, $339K
--2 homes are 3bdrm/2 bath/2 1/2bath, $369K-389K(Rodgers Choice)
--1 home is a 4bdrm/1bath, $345K
--1 home is a 5bdrm/2 bath, $344K(inside group)
SOLD: 4 homes (Since February 1)
--2 homes are 3bdrm/1 bath; actual sold prices: $295K, $300K
--1 home is 4bdrm/1 bath; actual sold price: $320K
--1 home is a 4bdrm/2bath; actual sold price $332K

average days to put a house under contract: 66

First-Time HomeOwner Tax Credit Window is Closing

2010-02-25T07:54:00.001-08:00

If you or someone you know in the neighborhood is thinking of making a move, now is the time! The first-time home owner tax credit window will be closed as of April 30--meaning you must have a binding contract by that date for the buyer to qualify for the $8,000 tax credit. This neighborhood is a perfect opportunity for first time homebuyers. And as of today we have 14 homes under contract, 8 of which were sold in less than a month. Buyers are out there looking for homes in Rodgers Forge. Don't miss it! And--when you buy your next home, YOU will qualify for a $6500 tax credit as long as you have signed a contract for your next home by April 30! This is a fantastic opportunity to get a break on your real estate selling costs which we don't often see in Maryland. Contact me if you have questions about the tax credit. Here is a link with more information. http://www.federalhousingtaxcredit.com/glance.php

February Housing Update

2010-02-12T20:28:00.000-08:00

As of February 12 in The Forge:
FOR SALE: 17 homes, $250Kto $463K;
--1 home is 5 bdrms/2 bath
--1 home is 3bdrm/2 bath/2 1/2 bath(Rodgers Choice)
--5 homes are 3bdrm/2 baths
--10 homes are 3bdrm/1 bath
UNDER CONTRACT: 12 homes;
--6 homes are 3bdrm/1 bath, $239K--$325K
--2 homes are 3bdrm/2 bath, $279.5K, $299.9K
--1 home is a 3bdrm/2 bath/2 1/2bath, $389K(Rodgers Choice)
--1 home is a 4bdrm/2bath, $339K
--1 home is a 4bdrm/1 bath,$327K
--1 home is a 5bdrm/2 bath, $344K(inside group)
SOLD: 3 homes (Since January 1)
--2 homes are 3bdrm/1 bath; actual sold prices: $295K, $305K (EOG),
--1 home is 3bdrm/2 bath/2 1/2bath; actual sold price: $325K

average days to put a house under contract: 62

Red-Shouldered Hawk Spotted in my Own Yard!

2010-02-08T11:11:00.001-08:00

According to neighbors in the know, this is a red-shouldered hawk. There are quite a few on the Sheppard Pratt property and with all the construction over there, we are seeing more of them in the neighborhd. This is a young one--they begin nesting in February. A blue jay was taunting him. It was quite a sight. Beautiful!

Heavy Snow Can Bring Down Gutters

2010-02-06T21:22:00.000-08:00

Some neighbors were already removing snow from porch roofs hoping to save their gutters.

Neighbors were pitching in to shovel out

2010-02-06T21:18:00.000-08:00

Late in the afternoon along Dunkirk Road neighbors were digging out as the last snowflake fell and the sun started to peek out. Many shovels make lighter work!

Keep Property Values High--Keep our Kids Walking to School

2010-01-10T17:33:00.000-08:00

Many neighbors attended the first open meeting about school redistricting last week at Loch Raven High School. No public comment was allowed, but we did break down into small groups and were able to give our individual as well as collective opinion on which boundary option out of 4 possible options we preferred. Option G was the one that keeps most of the Rodgers Forge neighborhood attending RFES and thus keeps our kids walking to school. Option G would render RFES at 93.18% capacity. However, many residents were agreeing that even if the school is at capacity it is acceptable if it keeps the neighborhood in tact. It is being at 150-200% over capacitiy that is unacceptable. So even if Option G were broader and covered a little more ground such as Gaywood, Rodgers Choice and the Rodgers Forge Apartments, many residents felt that the school could absorb it. Some of the other boundary options cut up the Rodgers Forge neighborhood in ways that made many residents who attended the meeting question a process that would have led to such options--especially the one that cut Rodgers Forge at the Blenheim Road boundary where chunks of Dunkirk and Murdock Roads would be separated from the rest of the neighborhood.

Mark Your Calendars! Residents are strongly encourages to attend the next meeting on January 20 at 7PM at Dumbarton Middle School. At this meeting the Boundary Committee for BCPS will review the tabulated results from the meeting that we attended last week. Committee members will make their recommendation to the School Board before its February 9 meeting. Both sessions are open to the public. A public hearing on the preferred option is scheduled for February 24, 7pm at Loch Raven High School. The Board is expected to vote on the boundary issue at their March 9 meeting. Today's Baltimore Sun has an article on the issue - http://www.baltimoresun.com/news/education/bal-md.co.boundary10jan10,0,4661392.story

Happy New Year! January 2010 Housing Update

2009-12-07T06:58:00.000-08:00

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.)

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

2009-11-08T11:09:00.000-08:00

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.

November Housing Update

2009-11-03T10:25:00.001-08:00

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.

October Housing Update

2009-10-07T20:36:00.000-07:00

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

$8,000 Home Buyer Credit May be Extended

2009-09-19T07:42:00.000-07:00

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

2009-09-19T07:07:00.000-07:00

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

September Housing Update

2009-09-02T21:06:00.000-07:00

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.

July Housing Update

2009-08-02T20:11:00.000-07:00

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.

What a Difference A Makeover Makes!

2009-07-21T07:38:00.000-07:00

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!

RODGERS FORGE IS OPEN ON SUNDAY!

2009-07-18T14:14:00.000-07:00

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

July Housing Market Update

2009-07-14T05:37:00.000-07:00

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.

Mortgage Notes--Do you know what HVCC is?

2009-06-30T11:43:00.000-07:00

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

Mhayes@remortgagefunding.com

O-443-632-0868

C-410-979-9588

Mortgage Rate Update/Monday June 15

2009-06-15T08:49:00.000-07:00

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

2009-06-15T08:19:00.000-07:00

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!

June Housing Update

2009-06-08T05:17:00.000-07:00

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.

Mortgage Rate Update

2009-06-05T08:42:00.000-07:00

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

Community Yard Sale in June

2009-05-29T07:18:00.000-07:00

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.

Tax Credit Update

2009-05-28T06:26:00.000-07:00

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.

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

2009-05-13T07:52:00.000-07:00

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

Dumpster Day A Clean Sweep For Neighbors

2009-05-11T20:30:00.000-07:00

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.

May Housing Update

2009-04-30T20:34:00.000-07:00

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.

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

2009-04-06T17:23:00.000-07:00

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.

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

2009-03-25T19:46:00.000-07:00

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

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

2009-03-16T17:19:00.000-07:00

"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.

Zillow Zestimates Are not Always Accurate

2009-03-08T18:59:00.000-07:00

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/

March Update--Rodgers Forge Real Estate Activity

2009-03-03T12:31:00.000-08:00

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.

A Good Day of Testimony In Annapolis for HB 693

2009-02-25T21:14:00.000-08:00

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.

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

2009-02-24T05:48:00.000-08:00

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.

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

2009-02-14T15:26:00.000-08:00

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--

2009-02-14T14:57:00.000-08:00

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

2009-02-14T14:03:00.000-08:00

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

15 Properties Currently for Sale in RF

2009-02-12T08:56:00.000-08:00

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!

2009-02-12T06:27:00.000-08:00

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.

2009-01-29T10:37:00.000-08:00

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.

Baltimore Sun Article about Last Night's Meeting

2009-01-27T18:52:00.000-08:00

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

2009-01-27T11:34:00.000-08:00

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

Rodgers Forge Meets President Caret

2009-01-26T18:59:00.000-08:00

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

2009-01-26T12:56:00.000-08:00

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.

Welcome to Rodgers Forge Real Estate!

2009-01-15T22:52:00.000-08:00

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!