Rarely do you see a mainstream “establishment” media source speak so frankly, but the New York Times did just that yesterday with an excellent article worth reading. Well written, and most importantly, very honest reporting about the reality of where we are:
“You have to wonder sometimes what they’re smoking over there at the [...]
Yahoo Finance has an interesting article on buyer and seller attitudes when buying and selling real estate. Looks like it is genuine, based on real research. Of particular interest to buyers of Ocean City Maryland properties, was this quote:
“Welcome, Out-of-Towners!
Out-of-state buyers tend to pay more than locals for properties of equal [...]
Business Insider is reporting what many believe is happening nationwide and what could have a profound impact on Ocean City Maryland’s future real estate inventory of homes and condominiums for sale:
“With the expiration of the first-time buyer tax credit on April 30, there are now two main props keeping the housing [...]
Back in November of last year we discussed how the Makai Condominium in Ocean City Maryland was planning a condominium unit auction sale of “at least 15… auctioned to the highest bidder regardless of price.”
That sale apparently went well enough that they are planning another big one on July 31st:
“Max Spann [...]
Time.com is reporting another incredible bit of housing news yesterday. Bad news for home sellers, but good news certainly for prospective home buyers with patience:
“In a sign that the housing market has taken another turn for the worse, a new report shows almost a quarter of all home listings in the [...]
Yahoo Finance had an interesting article and interview on the topic of where we go from here, house price wise:
“We’re on our way to a second leg down in housing price, says Barry Ritholtz, writer of The Big Picture a founder of investment research firm Fusion IQ.
Why?
In short, because [...]
A recent Baltimore Sun article discussed the perils faced by new home buyers and the coverage afforded by Maryland’s applicable law:
“Your home is your castle — but even a palace would be unpleasant if it’s drafty, leaky or crumbling.
Under state law, new homes built in Maryland are protected by a one-year [...]
The Daily Times had an article today about the our local Worcester County, Ocean City Maryland area real estate market:
“The Lower Shore real estate market, plagued by an oversupply of homes and condos for sale, is recovering slower than other markets nationwide.
“I want to be able to say something good about [...]
The Baltimore Sun had a good interview today with Diane Cipollone, Maryland Mortgage Fraud Prevention Project manager of the nonprofit law firm Civil Justice Inc. Ms. Cippolone has routinely worked with homeowners in danger of foreclosure and has a novel idea: many home owners and borrowers could have avoided trouble by consulting with an [...]
Ocean City Today reported on Friday that Maryland’s Comptroller Franchot visited the area this week as part of his “economic listening tour”:
“We have to be honest. This has been a pretty calamitous downturn,” he said of the recession that has crippled budgets nationwide, led to layoffs and forced businesses to scale back their [...]
