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The Wasington Metro Area Real Estate Blog

Phyllis Wiesenfelder

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Displaying blog entries 151-155 of 155

Homeowners who have not filed a Homestead Eligibility Application have until have until December 31, 2012 to submit an application to continue being eligible for this credit.

How do I file the Homestead Eligibility Application?

Request an application from the Department by sending an email to Hcredit@dat.state.md.us
The application mailed out to you will contain an Access Number so you may file electronically on our site at
https://sdathtc.resiusa.org/homestead

 

Contact the Homestead Division
Telephone: 410-767-2165
1-866-650-8783
Fax: 410-225-9344
Email: homestead@dat.state.md.us
Request an application: Hcredit@dat.state.md.us

 

Home Prices Up 11 Percent

by Robert Freedman - Posted by the National Associat

Home Prices Up 11 Percent

On October 22, 2012, in Breaking News, Economics, by Robert Freedman  - Posted by the National Association of Realtors

Home sales dropped a bit over the last month but they remain strong compared to this time last year and price gains remain robust.

Click Here to Read More

October DC Metro Market Sees Highest Annual Price Gain since Dec 2005

by Corey Hart -RBI Real Estate Business Intelligence

October DC Metro Market Sees Highest Annual Price Gain since Dec 2005

Posted on November 12, 2012 by Corey Hart -RBI Real Estate Business Intelligence

Median prices are still rising due to low inventory and an uptick in market activity; Townhomes lead the way in new contracts and median price growth

OVERVIEW

Demand has picked back up in the Washington DC metro housing market in October following a typical September slow down.

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6 tips for working safely around lead paint

by Article From Inman News Written by Bill and Kevin

6 tips for working safely around lead paint

Precautions advised when renovating pre-1978 home

Inman News®

White lead was used as a covering pigment, a colorant and a rust inhibitor since the ancient Greek and Roman civilizations. In the United States, the durability of lead-based paints promoted their widespread use for wooden surfaces for more than two centuries.

Click Here To Read More

Should I Buy a Home Now?

by Phyllis Wiesenfelder

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 151-155 of 155

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Photo of Phyllis Wiesenfelder Real Estate
Phyllis Wiesenfelder
Long & Foster Real Estate, Inc.
4650 East West Highway
Bethesda MD 20814
Direct: (301)215-6915
Mobile: (301)529-3896
Fax: Office: 301-907-7600