The year 2023 proved to be a shifting market year — one in which mortgage rates continued a significant increase and sales volume was further reduced.However, with only a small gain in inventory and a ...

Realtor.com released its 2024 Housing Market Forecast and Predictions report recently and the headline was: “Housing Affordability Finally Begins to Turnaround.”Synopsis of the data was as follows:As ...

In a recent news release, Gov. Wes Moore announced the UPLIFT (Utilizing Progressive Lending Investments to Finance Transformation) program to increase homeownership opportunities, one of the most powerful ...

According to the U.S. Census Bureau’s latest news release, privately owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1.487 million. This is 1.1 ...

Agency discussions can be a little confusing to the consumer with listing agents, subagents, dual agency and buyer agency. But if you are a buyer, understanding the buyer’s agent role is key.A buyer’s ...

Last week brought about two welcome events for real estate homebuyers and sellers— the fed kept the federal funds rate flat, and the 30-year fixed mortgage interest rate had a minor reduction.The housing ...

On a weekly basis, Bright MLS, the regional multiple list service that our area subscribes to, offers insights and market statistics on various aspects of the real estate industry. This week’s report ...

The real estate industry is watching the Sitzer/Burnett commission trial take place in Kansas City, Missouri, right now.The Sitzer/Burnett lawsuit is based on antitrust claims from five Missouri home ...

Each fall, Maryland Realtors issues changes, additions or deletions to its library of real estate forms.This year, the association produced a new form entitled the Seller’s Home of Choice Addendum that ...

Homeowner’s insurance is a necessity if your home is mortgaged and covers the structure of your home and your personal property, as well as your personal legal responsibility (or liability) for injuries ...

With the sharp rise in interest rates, the assumable loan is coming back on the real estate scene. An assumable mortgage allows a buyer to purchase a home by taking over, or assuming, the seller’s mortgage ...

Section 1031 of the Internal Revenue Code allows a real estate property used for business or held as an investment to be exchanged for another property that is of “like kind.”IRS notes that “properties ...

Effective this week, Fannie Mae and Freddie Mac backed loans will begin to require additional information as part of the condominium review process. At the direction of the Federal Housing FinanceAgency ...

In October of last year, the Maryland REALTORS® made changes to how property inspections are handled within the state contract of sale. The new process calls for property inspections to either ...

The Mortgage Bankers Association (MBA) released their monthly report on homebuyer affordability at the end of August. The news release said July was challenging but mostly unchanged from June, with ...