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Based on the latest housing statistics of the Maryland Association of Realtors (MAR), the average home price and median home price in Maryland for the month of July this year climbed up yet again. MAR’s latest housing statistics show that the average price of homes sold in Maryland last July was $307,383, a 3.8% increase …
Maryland’s Home Prices Rise Yet Again in July 2012 Read More »
Many people are enticed to buy foreclosed homes due to their fantastic pricing. According to the National Association of Realtors, as of June this year, foreclosed homes were sold for an average discount of 18% below market value. While it is certainly an opportunity to buy a foreclosed home due to its fantastic pricing, there …
For third straight week, the average U.S. rates on 30-year fixed mortgage and 15-year fixed mortgage have continued to rise, this according to the latest report of Freddie Mac. As of August 16, according to Freddie Mac, the 30-year fixed-rate mortgage was 3.62%, an increase from last week’s average of 3.59%. However, this latest 30-year …
Mortgage Rates Continue to Rise for 3rd Straight Week Read More »
As early as April this year, the Wall Street Journal reported on the surged of bidding wars among home buyers. With the rise of median existing single-family home price but a lack of inventory of homes for sale nationwide, as reported by the National Association of Realtors, there is a possibility of bidding war among …
The recent National Delinquency Survey of the Mortgage Bankers Association’s (MBA) reveals that among the U.S. states, the rate of new foreclosure fillings in Maryland was the highest in the nation during the second quarter of 2012. Out of 1,000 home loans in Maryland, nearly 20 – double the national average – were drawn into …
New Foreclosure Filings in Maryland Highest in the U.S. during 2nd Quarter 2012 Read More »