Want to know what is going on in your neck of the woods? Interested in the local sales activity and what new listings have come on the market near you? We can help! Let The Weymouth Group send you a MARKET SNAPSHOT that provides the details and facts you are craving for. Keep up to date on market… read more →
Lawrence Yun (video feed), NAR Chief Economist explains, “In the past two years, home buyers have been very successful, with super-low loan default rates, partly because of stable home prices during that time. That trend is likely to continue in 2011 as long as there is sufficient demand to absorb inventory,” Yun said. “The latest pending… read more →
According to the National Association of Realtors, pending homes sales have risen for a fifth time over the past six months. “The Pending Home Sales Index, a forward-looking indicator, increased 2.0 percent to 93.7 based on contracts signed in December from a downwardly revised 91.9 in November. The index is 4.2 percent below the 97.8… read more →
News Feed from the Baltimore Sun, the HOUSINGWIRE and FDL: Here is the article from the Baltimore Sun. In a nutshell, foreclosure paperwork was “robo signed” which in turn ignited a class action suit against GMAC. This does not mean that GMAC is dropping the foreclosure process, but re-evaluating these cases which in turn gives a second… read more →
Jan 25, 2011 2:53 PM An improving economy combined with a thaw in the capital markets and limited new supply led to a big spike in investor confidence in the fourth quarter. That’s the takeaway from an exclusive survey conducted jointly by NREI and Marcus & Millichap Real Estate Investment Services. My Take: After showing… read more →
The news is out there that existing sales went up by 12.3% in December but new homes starts were down. Why? With the amount of homes on the market, the way sellers are getting realistic with their pricing, great deals on distressed properties, and interest rates creeping up a bit but still at awesome levels, buyers are realizing that… read more →
Building starts have fallen to 4.3% in December of 2010 while building permits have increased 17% during the same month. Why? It goes without explaining why the housing starts are down which is due in main part to the lagging economy. But why are the permits up 17% if there is such a glut of homes… read more →
We are excited to announce the newest team member, Shannon Hernandez as a Buyer’s Specialist to the Weymouth Group at Keller Williams Select Realtors. Shannon has a diverse and unique background that brings a different perspective to real estate and her clients love the way she does business. “We have worked with Shannon and found that… read more →
I am sure you have seen this vacant site for the past couple of years right next to Blockbuster on Rt. 40 EAST in Ellicott City. The police were using it to monitor speeders for a while and now two jersey walls sit on the site with a public notice sign from the county. Just in… read more →
The 84 Lumber site in Ellicott City was a fixture for our Route 40 landscape for years. I used to shop there and the guys that worked here were a nice group of boys. However; you knew that the clock was clicking on this company. With building crawling to a slow halt and competition from both… read more →