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Archive for March, 2009
Inventory of distress sales trending down
March 18th, 2009 Categories: Foreclosures
In January I provided a snapshot of distress sales in Montgomery County. With a significant increase in contract volume for entry level homes, I hoped to see reductions in the inventory of distress sales. Two months later, the data strongly suggests that we may be through the worst of foreclosures from the sub-prime mortgage melt-down.
Here’s a snapshot of the number of pre-foreclosures (short sales) and bank-owned properties by area: Read the rest of this entry »
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Spectacular in Spring Meadows
March 14th, 2009 Categories: Darnestown, Our Homes
One can search for years to find a lot as lovely as this. Set high on the crest of at the end of a private drive in Spring Meadows, this home is surrounded by flowering dogwood, cherry trees and lush gardens. The inside spaces are just as lovely with soaring interior spaces and professional decor. Elegant, comfortable, perfect. Tour lots of huge pictures and see details at www.KelleyFarmDrive.com
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Gorgeous in Gaithersburg
March 13th, 2009 Categories: Gaithersburg
This colonial has fantastic space just where you need it — the kitchen, family room, sunroom and breakfast area. The kitchen island is a staggering 11 feet that can comfortably seat six. Want to get away from it all? The master suite is a mini-villa with double cathedral ceilings, hanger-sized closet, two room master bath and sitting room. Check out huge pictures and all the details at www.PineConeCourt.
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Is “conforming” and “jumbo” mumbo-jumbo?
March 1st, 2009 Categories: Financing
| It ought to be simple: What are the basic loan programs? What are the differences in rates? And what’s the minimum down payment with each program? Bob Kirchner with George Mason Mortgage has provided a an update on rate movement over the last week and gives a great summary on the basics. Click the play button to the left and get all the details. |
Contact us with more questions about mortgages and getting ready to buy in Montgomery County, Maryland.
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