So What About Those Interest Rates?

September 8, 2009 by Monica McNamara · Leave a Comment 

Interest rates…everybody wants to know where they are headed. Here’s what’s coming out this week that will definitely have an impact. The Fed’s Beige Book – officially known as the Survey on Current Economic Conditions will be reported on Wednesday. It shows info from banks, interviews with business contacts, economists, market experts, and other sources. [...]

Ocean City, Maryland Condo Report

July 20, 2009 by Monica McNamara · Leave a Comment 

The Ocean City condo market is improving as reported by the Coastal Association of REALTORS Multiple Listing Service. New contracts written were up 33% in June 2009 as compared to June 2008. The year date figures reflect an overall increase of 9%. Properties that settled or closed in June 2009 were up 19.2% as compared [...]

Lenders And Short Sales – Are They Hampering The Rebound Of The Housing Market?

June 26, 2009 by Monica McNamara · Leave a Comment 

Currently in our market (Ocean City, Maryland and Worcester County), there are 78 pending “short sale” transactions as reported to our local Multiple Listing Service.  I have 2 short sale situations that have been pending since 3/30/09 and 4/1/09 respectfully, with no response back from either lender. Is the time it is taking to process [...]