Why Maryland Single People Miss the Boat on Housing (And What To Do About It)

Annapolis Singles and Maryland Singles Thinking of Homebuying: Do wholesale mlb jerseys you remember when you bought your first couch?  Or are you still waiting?  For many, buying a couch is such a sign of being an adult, it’s a big deal.  When you did buy one, odds are it provided a nice place to relax in your first home away from home.  The place where you could do what you wanted, when you wanted, unsupervised!

What about owning the home?

The Contractors way things used to be, or at least the way Hollywood tells us, you would finish school, get married, buy a house, buy a car, buy life insurance, have kids, live happily ever after.  That’s not the way it is any more!   Collect (And maybe it never really was!) Lots of people are single and living on their own – in fact, in America today, there are now more households consisting of single people living solo than of households comprised of mom, dad, and kids.

Yet many wholesale jerseys single folks are waiting before investing in real estate – waiting to see how life will shape up – waiting to see how finances will turn out – waiting to see how their current job will work out – waiting for “the one” to show up – putting off lots of things until that day arrives when everything will be clear.

Did you wait to buy a car?  Did you wait to set up an IRA or 401k? Are you waiting to invest in real estate?  Or is a For single friend of yours waiting?

Putting things off means missing the boat on the real estate investment opportunity now – the opportunity to build equity and establish financial security, the opportunity to control your home environment and design it exactly the way you want it, the opportunity to entertain your friends and family in your dream home, the opportunity to buy in a buyers’ market and choose from lots of inventory and make a great deal.  Do you really need to wait?

These days, not so many people are Market missing the boat – we’re seeing a lot more singles buying homes – they are getting roommates, or mothers and daughters or single parents are buying together.  They are buying rental properties, and learning to manage them well.

Many renters, who are now living in expensive Annapolis apartments such as those at 1901 West and Spa Cove, could easily become homeowners.  One of my single clients recently invested in a condo in Riva Trace, and his new payments are barely more than his rent had been – plus he was able to move out of his apartment at Archstone Annapolis Bay off Forest Drive, and leave his landlord behind.  I just love helping Bowl people discover how cheap nba jerseys easy and fun it is to own their own homes.

For those who are ready to take the next  step, attend our free Homebuying Workshop for Singles on Tuesday, August 12th.  Please join me then, or get in touch today.

P.S.  Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

How to Find The Best Contractors and Service Providers in and Around Annapolis Maryland

As you may guess, my wholesale jerseys team and I receive many requests from friends and associates for referrals to professional trades and services in Annapolis and Anne Arundel County – everything from painters to attorneys.

Because we receive such a cheap MLB jerseys large number of requests, and because we operate our wholesale jerseys own business by referral, we have decided to commit some of our time and resources to compiling a Referral Directory that lists the finest individuals and companies serving our community.

With this in mind, we want your input! Chances are you know contractors, home repair persons, CPAs, doctors, attorneys, window cleaners, auto mechanics, etc. whose services have been exceptional and extremely valuable to you and your family. Speaking of people who do an excellent job, perhaps you provide a service you would like us to include in this Directory, which will be distributed to all our clients, friends and associates.

In any case, we will be mailing a questionnaire to the people who are in our Client Appreciation Program. When it arrives, cheap nfl jerseys please complete it and return it to us. Or, if Saga you prefer, email us with your recommendations, as well as the referrals you will be needing in the next twelve months. If cheap jerseys you are not in our Client Appreciation Program, and would like to be, Football please let us know! This is a great program where we keep in touch about real estate, send out regular mailings, and have fun events.

This Directory will list the most reliable and professional people we can find. We look forward to your input and plan to publish the Referral Directory within the next three or four County months. our We know it will be of great value to you and all our friends and clients.

Once again, we thank you for your business in the past, present, and future, and we look forward to providing you and the people you refer to us with the highest quality of service in the purchase, rental, or sale of real estate.

P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland

Anne Arundel County Maryland Real Estate Market Statistics – July 2008

The wholesale nfl jerseys national cheap jerseys China median cheap jerseys home Significant price Overcoming was How reported at $208,600 in May. According to NAR President Richard Gaylord, “Home buyers are starting to get off the fence and into the market, drawn by drops in home prices in many areas and armed with greater access to affordable mortgages,” he said. “Today’s buyer plans to stay in a home for 10 years, which is a good strategy for building long-term wealth.”

Average (Mean) Sales Price of Existing Homes by Region

Date 

U.S.

Northeast

Midwest

South

West

2006

268,200

299,700

205,300

230,000

371,300

2007

266,000

307,100

200,500

225,600

365,900

           

01/08

245,500

298,400

178,800

206,500

335,600

02/08

242,000

292,700

175,100

204,600

333,100

03/08

247,100

310,800

183,200

209,600

325,200

04/08

247,200

294,400

188,500

212,900

327,000

05/08

253,100

309,300

192,900

219,000

327,200

Statistics from the National Association of REALTORS®

Freddie Mac reported the national average 30-year, conventional, fixed-rate mortgage rose to 6.04 percent in May, up from 5.92 percent in April. Despite the recent increase, overall mortgage rates are down from 6.27 percent, available May 2007.

Existing home inventory is reported at 4.49 million units. According to Lawrence Yun, chief NAR economist, “The large supply of homes on the market clearly favors buyers, and it should take several months to draw the inventory down. Stabilization in home prices can only occur with buyers returning to the market, so we are encouraged by rising home sales, particularly in distressed markets.”

A number of areas nationally are experiencing increased activity over May 2007, including Sacramento, the San Fernando Valley and Monterey County in California; Sarasota, Florida, and Battle Creek, Michigan.

Anne Arundel County figures for June 2008 are shown below.

    2008   2007   % Change
Total Sold Dollar Volume: $ 203,991,516 $ 299,060,159 – 31.79 %
Average Sold Price: $ 427,655 $ 442,397 – 3.33 %
Median Sold Price: $ 339,000 $ 359,900 – 5.81 %
Total Units Sold: 477 676 – 29.44 %
Average Days on Market: 125 97 28.87 %
Average List Price for Solds: $ 472,746 $ 468,347 0.94 %
Avg Sale Price as a percentage of Avg List Price: 90.46 % 94.46 %
Total Number of NEW listings
taken for the month: 993
Total Number of Properties   
marked Contract for the month: 310
Total Number of Properties   
marked Contingent for the month: 142
Total Number of NEW pendings        
(CONTRACTS + CONTINGENTS): 452

Source: Metropolitan Regional Information Systems, Inc. – MLS Resale Data
Copyright 2008 – Information deemed reliable, but is not guaranteed.

P.S. Call me today for all your Annapolis real estate needs.
Carlyn Lowery, Associate Broker, Keller Williams Annapolis : Real Estate Brokerage in Annapolis, Anne Arundel County, Maryland