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    Local Real Estate News
  • Region feels housing squeeze with population growth, lack of inventory
    Monday, November 05, 2018, 10:15 AM
    Housing production in the Washington area has tapered off while the population has increased, according to recent data from the Urban Institute in Washington D.C. "Regardless of Amazon's decision, a regional effort to address rising house prices and rents and lengthening commutes will prevent more households from experiencing hardship," Urban ... (more)
  • The Nation's Housing: Fannie and Freddie programs offer options to retirees seeking home loans
    Sunday, November 04, 2018, 9:18 PM
    It's a common problem for retirees seeking to refinance or get a new mortgage: After their regular employment earnings stop flowing, their monthly incomes drop. They might have hundreds of thousands of dollars stored away in IRAs or 401 plans and other investments, but for mortgage purposes, they don't have enough monthly income to qualify for the loan they want.
  • Even retirees with sizable assets can find qualifying for a mortgage challenging
    Wednesday, October 31, 2018, 5:30 AM
    When applying for a mortgage or refinancing after you have retired, find a loan officer who understands the Fannie and Freddie programs, as well as options offered by private lenders. It's a common problem for retirees seeking to refinance or get a new mortgage: After their regular employment earnings stop flowing, their monthly incomes drop.
  • In suburban Maryland, housing market indicators move in opposite directions
    Wednesday, October 10, 2018, 6:30 AM
    While housing markets are often discussed on a regional basis, there can be vast differences between adjacent counties as well as between nearby neighborhoods. Regionally, the Washington area is experiencing price increases as well as slightly fewer sales, and there are indications that the years-long shortage of homes on the market may be easing.
  • Bought Your Second Home? Here's Why You Should Rent Out Your First
    Wednesday, October 03, 2018, 3:47 PM
    And, of course, you have to start somewhere. That's why one smart strategy to building your real estate portfolio is to hold onto your first "starter" home once you buy your second home.
  • Md. high court will not reconsider mortgage-default ruling
    Monday, October 08, 2018, 2:37 PM
    Maryland's top court last week denied a request from distressed homeowners that it reconsider and permit rehearing on its August ruling that entities seeking to collect defaulted mortgage loans need not be licensed by the state. Complete access to news articles on this website is available to Daily Record subscribers who are logged in.
  • Northrop Realty to open new Annapolis office Oct. 24
    Monday, October 01, 2018, 9:07 PM
    Northrop Realty, A Long ∓ Foster Company, will hold a grand opening for its new Annapolis office Oct. 24 from 4 to 6 p.m. at 900 Bestgate Road, Suite 100. Twelve full-time real estate agents and an administrative staff member will work from the new office.
  • The Maryland Financial Consumer Protection Act of 2018 significantly increases state regulation
    Tuesday, September 25, 2018, 12:44 PM
    Maryland Consumer Protection Act : Adds "abusive" practices to the existing proscription against "unfair and deceptive trade practices" and adds violations of the federal Military Lending Act and the federal Servicemembers Civil Relief Act to the list of statutes that are considered to be per se violations of the UDAAP proscription. Increases the maximum civil penalties for violations of the MCPA by merchants to $10,000 for a violation and $25,000 for a repeat violation.
  • Lawyers suggest Getty's recusal in high-court rehearing request
    Thursday, September 06, 2018, 2:06 PM
    Lawyers for distressed homeowners are pressing Maryland's top court to reconsider and permit rehearing on its ruling last month that entities seeking to collect defaulted mortgage loans need not be licensed by the state -- and are suggesting that Judge Joseph M. Getty, the decision's author, should have recused himself. Complete access to news articles on this website is available to Daily Record subscribers who are logged in.
  • Marriott International plans to grow residential real estate business
    Wednesday, September 05, 2018, 9:39 PM
    Bethesda- based Marriott International announced Wednesday its branded residential portfolio is expected to grow by more than 70 percent in four years as both consumers and residential real estate developers seek homes affiliated with its brands. Marriott is the largest branded residential company in the lodging industry.

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