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Real Estate Weekly – 5/25/12: More funds OK’d for school construction

BY: Daily Record Staff
POSTED: May 25, 2012
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Home Builders Association presents Awards of Excellence The Sales and Marketing Council of the Home Builders Association of Maryland presented dozens of Awards of Excellence at its annual ceremony this week, honoring companies and individuals in the industry for their outstanding work in 2011. Among the awards to individuals were: Overall Salesperson of the Year, [...]


Roland Park wants Baltimore Country Club (access required)

BY: Melody Simmons
POSTED: May 23, 2012
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Baltimore Country Club tried to sell its property in Roland Park to Keswick Multi-Care Center three years ago for $12.5 million.

Residents of the well-groomed, historic Roland Park community are being asked to dig deep in their pockets to help purchase 17 acres of rolling open space at the Baltimore Country Club as part of a $10 million fundraising campaign. Nearly 150 residents attended the annual meeting of the Roland Park Civic League Tuesday night to [...]


Sales of new homes rose 3.3 percent in April

BY: Associated Press
POSTED: May 23, 2012
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WASHINGTON — Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover. New-home sales increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343,000, the Commerce Department said Wednesday. Sales rose sharply in every region of the country but the [...]


Locals praise PlanMaryland clarifications

BY: Associated Press
POSTED: May 22, 2012
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ANNAPOLIS — Frederick County officials are praising clarifications to PlanMaryland, a statewide development plan criticized by many local officials from rural parts of the state. Gov. Martin O’Malley signed the measure on Tuesday. Supporters say the bill clarifies that the plan may not be used to establish a new cause for state denial of projects, [...]


Sales of previously occupied homes up in April

BY: Associated Press
POSTED: May 22, 2012
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WASHINGTON — Americans are buying more homes in every region of the country, the latest indication that the housing market could be on the mend. An increasing portion of those sales are from first-time buyers, who are critical to a housing recovery. Sales of previously occupied homes rose 3.4 percent in April from March to [...]


Realities of Real Estate: Showing your home is key part of sales process (access required)

BY: Bob and Donna McWilliams
POSTED: May 18, 2012
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When you put your house up for sale, people will obviously need to come take a look at it. In real estate lingo, the process of having total strangers nose around your house is called a “showing.” This week, we thought we’d talk about how showings work, how to prepare for a showing and what [...]


Real Estate Weekly – 5/18/12: Boscov’s returning to White Marsh Mall

BY: Daily Record Staff
POSTED: May 18, 2012
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DHCD accepting applications for Rental Housing Works initiative The Maryland Department of Housing and Community Development is accepting applications for the $17.5 million Rental Housing Works initiative announced in January. Rental Housing Works promotes job creation through the rehabilitation and new construction of much-needed affordable rental housing for Maryland’s working families, seniors and individuals with [...]


Mortgage rate falls to record low 3.79%

BY: Associated Press
POSTED: May 17, 2012
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WASHINGTON — Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify. Mortgage buyer Freddie Mac says the rate on the 30-year loan dipped to 3.79 percent. That’s down from [...]


National foreclosures drop again in April (access required)

BY: Melody Simmons
POSTED: May 17, 2012
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National foreclosure filings in April hit the lowest monthly total since July 2007, a new report by the data firm RealtyTrac shows. The filings, which include default notices, scheduled auctions and bank repossessions, were reported on 188,780 properties in the U.S. last month, a 5 percent decrease over figures from March and a 14 percent [...]


Numbers suggest housing market is recovering

BY: Associated Press
POSTED: May 16, 2012
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U.S. builders requested more permits to build single-family homes last month and started work on more homes and apartments, adding new projects to round out existing construction such as this apartment complex in Lawrence, Kan.

WASHINGTON — U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing. The Commerce Department said Wednesday that builders broke ground in April at a seasonally adjusted annual pace of 717,000 homes. That’s a 2.6 percent increase [...]


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Maryland Moment – Fish soon-to-be out of water

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Production Manager Dave Likens, left, and Sound Engineer Dave Mason set up the weigh-in stage at the National Harbor on Wednesday for the FLW Tour's bass-fishing competition being held May 17-20 on the Potomac River. The event is scheduled to be televised June 24 on the NBC Sports Network. (The Daily Record/Maximilian Franz)[More..]