Ocean City Maryland Properties

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 [...]

Cash Is King As New Wave Of Home Buyers Shuns Loans And Pays Small Bucks For Bargains

The Real Estate Channel is reporting a national trend that we see very much in play here in Ocean City, Maryland: Cash Buyers. As reported:

“It’s a new beginning in America’s home-buying market. More and more buyers are saying no to expensive and convoluted bank loans and paying cash instead for bargain [...]

Ocean City Maryland: No Increase In Real Property Taxes?

Ocean City Today reported on Friday that, apparently, the tax rate should not need to increase this year in Ocean City, Maryland:

“The Maryland Department of Assessments and Taxation released the fiscal year 2012 constant yield rates on Feb. 14, informing local governments what tax rate they would need in the coming [...]

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 [...]

S&P/Case-Shiller Home Price Indices Show U.S. Home Prices Keep Weakening

Yes, folks, there is more ugly housing news on the pricing front. In a Press Release today, The S&P/Case-Shiller Home Price Indices, the leading measures for the US residential housing market, showed that the feared “double dip” seems to be continuing with a vengence:

“Data through November 2010, released today by Standard & Poor’s [...]

Property Values Drop 14.9 Percent In Southern End Of Worcester County

This may not be the best news to start off with for the new year, but it is big news, and it is a confirmation 0f market trends for Worcester County Maryland real estate. For prospective buyers of real estate in the southern end of Worcester County, it is certainly a positive. Ocean City Today [...]

Zillow Warns Of “Unprecedented Decline” In Home Values And No Stabilization In Q3

From the November 10th Business Insider, this disturbing tidbit from Zillow about the national picture:

“Zillow just released a devastating third quarter housing report. Basically every major indicator is crashing:

The decline in home values accelerated in September, dropping 0.4% month-over-month
Foreclosures reached an all-time high
A record 23.2% of mortgages are now underwater

The double [...]

S&P Case-Shiller Index Records Widespread Declines in Home Prices During August

DSNews.com is reporting, to no one’s surprise, that prices dropped further during the traditionally healthy Summer home buying season:

“Home prices across the country slipped in August, according to data released by Standard & Poor’s Tuesday. The agency’s closely-watched gauge of residential property values recorded a 0.1 percent drop in the composite reading of [...]

“Widespread Fear Freezes Housing Market,” and New York Times Asks “You Have To Wonder Sometimes What They’re Smoking Over There At The National Association of Realtors”

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 [...]

The Psychology of Real Estate: Welcome, Out-of-Towners!

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 [...]

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