Ocean City Maryland Home Buying Conditions

Maryland State Department of Assessment and Taxation (SDAT) for Worcester County Reports 15% Decrease In Property Values

The Maryland Coast Dispatch had an article Friday reporting another decline in the taxable value of Ocean City Maryland property values:

“According to Robert Smith, director of the State Department of Assessment and Taxation (SDAT) for Worcester County, most residential property owners in Ocean City will see their values decline by an average of [...]

Bye, Bye To The American Dream? No Way!

Trulia had an interesting article on the attitudes of Americans, generally, and young Americans in particular, about homeownership. Apparently, notwithstanding what has happened to housing during the last 10 years or so (bubble, bubble bursting, bust, continuing bust…), Americans are still bullish on owning their own home:

“What our survey told us is that [...]

Worcester County Maryland Housing Statistics For Year 2010

I took a glance yesterday at the Maryland Association of REALTORS® published 2010 Year End stats for Worcester County and noticed a mixed bag.

On the issue of price, the numbers showed a decline, with Worcester County actually in the highe ranges compared to other Maryland jurisdictions showing a 8.7% and 9.1% decline in average and [...]

Ocean City Today Reports That “Established Businesses, Service Providers Moved West In The Last 10 Years, Because Of Lower Taxes And Less Expensive Land

Ocean City Today is reporting what many have noticed with concern along Coastal Highway in Ocean City- business have left and are leaving:

“A long Coastal Highway empty shops, malls and signs reading “restaurant for rent” reflect a decline of retailers in Ocean City. At the same time, West Ocean City has become the [...]

What If We Are Only 25% Thru All Of The Foreclosures?

Mark Hanson, who in his former life was a highly successful mortgage banker, now an independent real estate and finance sector analyst, does not post publicly very often but when he does it is always worth a read. In his latest post he opines on a number of housing related subjects, including the number of [...]

Ocean City’s Maryland Coast Dispatch Reports An Alleged Probe Sparking Condo Management Concerns

Ocean City’s Maryland Coast Dispatch reported yesterday that federal and local authorities may be investigating alleged improprieties in the management of Ocean City Maryland area condominium projects:

“An ongoing local and possible federal investigation… for various resort area condominium associations…”

The Dispatch article raises the following question for those currently owning an Ocean City Maryland [...]

What A Coin Toss Has To Do With The Housing Market

So why aren’t more home seller’s in Ocean City Maryland pricing their properties more aggressively?

“It’s been almost five years since the housing bubble popped. And, with a glut of homes still on the market, housing prices could fall further. Why is it taking so long for the housing market [...]

December, 2010 Reported Worcester County Maryland Sales Show Year-Over-Year 24.5% Increase In Volume

The Maryland Association of REALTORS® data for December, 2010 is showing some surprising but good stats when compared to many other real estate markets across the country. According to their publication “Housing Statistics: December 2010″, Worcester County experienced a 25.5% increase in the number of sales over December a year ago.

While average sale prices dropped [...]

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