(This post is now old news! Read about the new (better!) tax credit ) I just want to remind first-time homebuyers about the Housing and Economic Recovery Act of 2008. This Act includes a $7,500 tax credit for qualified first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009. The following questions and answers provide basic information about the tax credit.* … [Read more...]
Market Update: Frederick Co: December 2008
January 21, 2009
The Frederick County Residential Market Report is now available for the month of December 2008. Some of the highlights (lowlights?) include: Residential Settlements were down -16.6% for the year. Condo/Co-op Settlements were down 41.5% for the year. The average price for a home was $315,213 - down from 2006's high of $377,700. The average price for a condo was $197,521 - down from 2006's $224,327. You may read the Dec. 2008 residential report here. (opens in a new window as a PDF … [Read more...]
Market Update: Montgomery County: December 2008
January 18, 2009
Residential (not Condos or Co-ops) According to the GCAAR Residential Market Report: during the month of December 2008 in Montgomery County, MD there were: 637 NEW LISTINGS this month for Residential (up 1.4% compared to Dec 07) 3260 TOTAL ACTIVE Residential Listings (down - 7.5% compared to Dec 07) 481 UNDER CONTRACT (+21.5% compared to Dec 07 - year-to-date down -7.6%) 505 SETTLEMENTS (up 13% compared to Dec 07 - year-to-date down -14.1%) View the December 08 Montgomery County … [Read more...]
