Real Estate News

July 7, 2023

Columbia, Maryland Earns Recognition as a Premier Family-Friendly Living Destination in the Nation

Exciting news for families looking for a great place to call home! Columbia, Maryland has been recognized as one of the "Best Places to Raise a Family" and ranks high among the "Best Places to Live in the U.S." In fact, Columbia proudly holds the 13th spot on both ...

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Posted in Real Estate News
May 3, 2023

JPMorgan Chase to acquire troubled First Republic Bank, avoiding FDIC emergency powers

According to the Federal Deposit Insurance Corporation (FDIC), First Republic Bank has become the third major US bank to fail in recent months. In response, JPMorgan Chase will be taking over “all of the deposits and substantially all of the assets” of the troubled bank.

The FDIC noted that JPMorgan ...

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Posted in Real Estate News
April 29, 2023

Mortgage Changes Explained - Clearing up LLPAs and Their Impact on Credit Scores

Headline Confusion: Mortgage Changes Explained

The new information about mortgage pricing is confusing to experts in the field, let alone the public.  I personally do not agree with what Fannie Mae and Freddie Mac are doing.  I do not think it is in the best interest of the ...

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Posted in Real Estate News
April 24, 2023

How to Apply for a Homestead Tax Exemption and Save Money on Property Taxes

As a homeowner, you could potentially save big on property taxes by taking advantage of a homestead tax exemption. These exemptions vary by state, but they typically benefit homeowners who live in the property they own. Are you curious about homestead tax exemptions and how to apply for them? Keep ...

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Posted in Real Estate News
April 12, 2023

Exploring the Intersection of Cryptocurrency and Real Estate

The intersection of cryptocurrency and real estate is an exciting space that has gained increasing attention over the years. While real estate has traditionally been a slow-moving and opaque industry, the emergence of blockchain technology and cryptocurrencies has opened up new opportunities for investors and homebuyers alike. In this blog ...

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Posted in Real Estate News
March 26, 2023

Thinking About Building a New Home...You're Not Alone

New home sales rose in February for the 3rd month in a row.

New homes continued to rise in February, jumping 1.1% from January to a seasonally adjusted annual pace of 640,000 homes, according to data published on Thursday by the U.S. Census Bureau and HUD.  On ...

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Posted in Real Estate News
March 25, 2023

Mixed Housing Data Despite Volatility: Mortgage Rates Improve

Despite facing significant market volatility, mortgage bond prices remained almost unchanged by the end of the week. There was a considerable amount of selling at the start of the week as investors anticipated the expected Fed rate hike. As anticipated, the Fed raised rates by 25 basis points, resulting in ...

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Posted in Real Estate News
March 23, 2023

Federal Reserve Approves Rate Increase of 25 Basis Points - How Will that Impact Home Mortgages

The Federal Reserve policymakers approved a 25 basis point rate hike to a target range of 4.75 percent to 5 percent in their campaign to combat inflation. The Fed also announced that it will continue to reduce support for mortgage markets during the pandemic by letting $35 billion in ...

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Posted in Real Estate News
March 18, 2023

Mortgage Rates Drop Slightly as Mortgage Applications Rise

Mortgage rates dropped slightly last week as mortgage applications rose.  This is a good sign that more Buyers are entering the marketplace this Spring.  Although the numbers are down from the same time last year, this is good to see as the weather in our area is improving ...

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Posted in Real Estate News
March 14, 2023

Silicon Valley Bank and Signature Bank Experience Bank Run and Failures

Over the weekend, Silicon Valley Bank and Signature Bank, the second and third-largest banks to ever fail, experienced a bank run, leading to their failures. While both banks are large, they are not deeply interconnected with the market, which is a relief for regulators. However, the failure posed a risk ...

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Posted in Real Estate News