Tax Credit Helping Economy
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Tax Credit Helping Economy

September 26, 2009

First time home buyers who have recently purchased Laurel real estate, have helped the economy.   By purchasing a home in these buyers of Maryland real estate have earned the $8000 tax credit.  According to the government, each first time home buyer pumps $60,000 back into the economy when they purchase a home.

So for every $8000 tax credit, the government makes $60,000.  Not a bad investment.  This also seems to indicate the tax credit might get extended into next year.

For more information on Maryland real estate visit Maryland home sales.

Prince Georges County Home Sales

September 19, 2009

2009

2008

Total Sold Dollar Volume:

$ 147,728,458

$ 127,886,104

15.52 %

Average Sold Price:

$ 231,549

$ 297,410

- 22.14 %

Median Sold Price:

$ 216,500

$ 280,000

- 22.68 %

Total Units Sold:

638

430

48.37 %

Average Days on Market:

133

132

0.76 %

Average List Price for Solds:

$ 262,137

$ 330,870

- 20.77 %

Avg Sale Price as a percentage of Avg List Price:

88.33 %

89.89 %

As you can see from the numbers above, there are some significant changes in Maryland real estate’s Prince Georges County since last August.

The total dollar volumn of home is up just over 15%.  The number of homes sold increased from 430 to 638 for a whopping increase of 48.37%.  Lower prices, government incentives and low interest rates helped to increase the number of homes sold.

These numbers were helped greatly by the declining home values in Prince Georges County Maryland.  The average sold price for a home in Prince Georges dropped over 22% to $231,549 from last August.  The median sold price dropped over 22% as well since last August to $216,500.

Now is the time to buy Maryland real estate.  This correction will not go on forever.

Columbia MD Real Estate

September 17, 2009

With a population of around 95,000 people, Columbia, Maryland is the largest unincorporated community in the entire state. A suburb of Baltimore, as well as Washington D.C., Columbia began as a planned community in Howard County, opening up in 1967. Today, the city grows and thrives and Columbia MD real estate is widely popular for those seeking residency in the Baltimore or greater Washington D.C. area, or simply a place with much to offer in the realm of favorable amenities and design.

Created and designed by developer James W. Rouse, Columbia was envisioned as a community focused on human values as well as economics and engineering. A strong focused was centered on eliminating certain inconveniences of then-current subdivision design as well as eliminating racial, religious and income segregation. When designed, a panel of nationally recognized experts in social sciences was used to orchestrate an ideal environment considering various factors including education, recreation, religion and health care. The physical plan of Columbia was to evolve around neighborhoods with village centers. Currently there are ten different villages, each with multiple neighborhoods. The city’s street names are taken for famous works of art and literature, including namesakes from The Hobbit, Robert Frost poems and the works of Mark Twain.

In 2006, Money magazine considered Columbia #4 in the 100 Best Places to Live issue. With it’s unique founding, favorable surroundings and ideal shopping opportunities, Columbia lives and flourishes with a vibrant aura not common in other places in the country. Along with its shopping and dining opportunities, Columbia claims many unique social climates with outdoor music venues and stand up comedy clubs. Recreation outlets are also a main focus for Columbia with excellent public parks and amenities including outdoor swimming pools, batting cages, miniature golf, water slides and various skating rinks – numerous outdoor athletic courts can also be found. Many famous people have also noticed Columbia’s favorable surroundings, including Academy Award-nominated actor Edward Norton and Pulitzer Prize winning author Michael Chabon.

For anyone looking for residence in the greater Baltimore or even Washington D.C. area, it’s certainly safe to say that Columbia MD real estate might just be a safe place to start a search. From its favorable location to an uncommon design, Columbia is a first rate community offering its residents all the right amenities. No matter what someone is after, you can be certain that Columbia, Maryland is a perfect place for anyone to call home.

Silver Spring Real Estate

Located on the near north side of Washington D.C., Silver Spring, Maryland is an urbanized, unincorporated area in Montgomery County. Composed of a population just over 87,000 people, Silver Spring is the third most populated place behind Columbia and Baltimore. Mostly a major business hub, Silver Spring real estate is in constant demand considering its favorable proximity and easy access to numerous business and commercial ventures. In addition, the community itself has undergone a significant renaissance of sorts, with the introduction of major retail, residential and office developments.

An initial organizer of the modern American Republican Party, Francis Preston Blair, coined the area of its name due to a mica-flecked spring discovered there in 1840. The original spring today is believed to be located just south of the main downtown district in Acorn Park. Steeped in a rich history, dating back all the way to the Civil War, Silver Spring grew and flourished with the introduction of the Baltimore and Ohio’s Metropolitan Branch completed in 1873. For over a hundred years, Silver Spring has continued to grow, bringing in namely retailers, commercial industry and numerous means of culture and entertainment.

Though unincorporated, Silver Spring is essentially composed of its business district and a total of 27 contributing neighborhoods. Many parks and amenities are provided to Silver Spring residents offering hiking trails, tennis courts, playgrounds and bicycling. A large draw for residents and visitors alike are the numerous musical and ethnic festivals going on in the downtown area. Many also visit for the extremely varied dining choices available, including African, Burmese, Mexican, Salvadoran, Jamaican and Lebanese as well as many fusion restaurants.

Silver Spring also hosts many notable businesses and organizations as well. The Discovery Communications Headquarters is located in Silver Spring, as well as the National Oceanic and Atmospheric Administration, a branch of the United States Department of Commerce, the American Nurses Association as well as many real estate development, biotechnology and media companies.

All things considered, it truly is no surprise why so many people are making an effort to seek out Silver Spring real estate. With its highly favorable location to Washington D.C. to a notable business district and diverse cultural offerings, Silver Spring makes for an ideal location to call home. If you’re in the market for the greater Washington D.C. area, than Silver Spring might just be worth your while – chances are you might not have to look any further.

Silver Spring MD Real Estate

Located in an unincorporated area of Montgomery County, just north of Washington D.C., Silver Spring, Maryland is the third most populous place in Maryland behind Baltimore and Columbia. With its close proximity to Washington D.C., Silver Spring MD real estate is highly sought after by numerous commuters. In addition to its prime location, Silver Spring also hosts numerous commercial businesses and retailers alike – offering residents many favorable shopping opportunities. For someone looking for convenience at every corner in the Washington D.C. area, Silver Spring is surely an ideal place to call home.

Taking its name from a mica-flecked spring discovered in the area in 1840 by Francis Preston Blair, Silver Spring played notable roles during the Civil War era and truly began to blossom with the introduction of the Baltimore and Ohio Railroad’s Metropolitan Branch – which was completed in 1873. A century later rail service continued and the area became a prime location for government officials and businessmen alike looking for close proximity to Washington D.C. Today, numerous notable retailers are scattered throughout and constantly attract people for ideal shopping opportunities.

The downtown Silver Spring district is well known for its numerous musical and ethnic festivals, attracting thousands of patrons every year. Many also find themselves downtown to enjoy ideal dining opportunities of varied ethic backgrounds, including African, Burmese, Salvadoran and Jamaican to name a few. The Silver Spring downtown area also attracts notable institutions and businesses as well. The Discovery Communications Headquarters is located in Silver Spring as well as the National Oceanic and Atmospheric Administration, a branch of the National Weather Service, the American Nurses Association and numerous real estate development, biotechnology and media companies.

Residents of Silver Spring enjoy access to the MARC Train, Metrorail Red Line and Metrobus. The busiest bus terminal in the entire Washington Metro Area, Silver Spring Rail Station, is also nearby. Along with excellent mass transit opportunities, Silver Spring is serviced by the Montgomery County Public schools, offering numerous programs and activities for local youth.

For anyone looking for a residence in the greater Washington D.C. area, Silver Spring MD real estate offers numerous ideal opportunities. It’s access to public transportation and close proximity to the metropolitan area makes Silver Spring highly favorable to commuters and should not be ignored. Silver Spring’s cultural outlets and shopping should also not be overlooked. There’s simply no denying all the great things Silver Spring has to offer.

Maryland Real Estate

Boasting two major metropolitan areas, scenic surroundings and oceanfront landscapes, it’s simply no wonder why Maryland real estate is in such a high demand. With its steep history in our nation’s development to its economic and sheer global importance, Maryland is a highly notable state, and makes for ideal residency for virtually anyone. From coastal getaway homes to more urban settings, anyone can find whatever it is they’re after in the Old Line State.

Ranked 42nd in land mass and comparable to the size of Belgium, Maryland was the seventh state to ratify the United States Constitution and has grown to being the wealthiest state in the country with a median household income of $65,144. Most notably, Maryland is considered a global hub for the life sciences with over 350 biotechnology firms – the third-largest grouping found anywhere in the country. It’s no surprise either that the state boasts some widely notable educational institutions including the University of Maryland, Johns Hopkins University and the United States Naval Academy in Annapolis. Other major institutions call Maryland home including the Food and Drug Administration and the National Institutes of Health.

Sharing two major metropolitan areas in Washington D.C. and Baltimore, Maryland is home to a wide range of people, commerce and entertainment. Maryland also has a major airport in Baltimore-Washington International Thurgood Marshall Airport – taking up a vast majority of the state’s airline traffic. The major populated areas boast some of the country’s most respected settings for suburban life, including the planned community of Columbia – which recently was ranked as high as #4 in Money Magazines Top 100 Places to Live. Along with a vast array of cultural opportunities, Maryland is also home to widely popular athletic teams including the Baltimore Ravens and Baltimore Orioles. Those living just outside of the Washington D.C. area also enjoy numerous sports teams including the Washington Redskins, Washington Capitals and Washington Wizards.

Whether it’s the vibrant history or ideal setting, there simply is no denying that the state of Maryland offers multiple favorable environments for anyone to call home. All things considered, it’s truly no wonder as to why Maryland real estate is consistently in such high demand. Whether it’s cultural amenities, access to major cities or the Atlantic Ocean, almost whatever you could imagine can be found in Maryland. It truly is safe to say that the state of Maryland is one of the best places to make your home.

Laurel Real Estate

Since the early 1800’s, Laurel, Maryland has attracted numerous people for its prime location and thriving industry. The city initially enjoyed substantial agricultural feats in the cotton industry, thus contributing to the essential need for railroad access. Soon the town began to truly blossom with the introduction of a rail line running through Laurel connecting Baltimore and Washington D.C. Truly a town supported by its local businesses, the town continued to grow and was officially incorporated in 1870 and reincorporated in 1890. Prince George’s County’s first nationally chartered bank, Citizens National Bank, opened its doors in 1890 and remained managed independently until 2007. Its branch services are even still provided today in the original building.

Today, the city is ideally located midway between the greater Washington D.C. and Baltimore areas. Consisting of a population of over 87,000 people, Laurel is composed of four different counties, including Montgomery, Anne Arundel, Howard and Prince George’s County. A large number of the city’s residents are composed of commuters to the surrounding metropolitan areas, making Laurel real estate highly sought after. Two MARC train stations on the Camden Line are both located in Laurel. Metrobus routes also provided access to Baltimore as well. Not just close in proximity to two major metropolitan areas, Laurel is also near Johns Hopkins University’s Applied Physics Laboratory, the Fort Meade Army base and the National Security Agency. Along with its professional institutions, Laurel is also the site of the Laurel Park Racecourse, a popular horse racetrack venue in Anne Arundel County. Laurel residents also enjoy many festivals, including Lakefest, the annual Main Street Festival and River Fest. The downtown Main Street District is also home to numerous shops and widely popular art galleries. Local residents also enjoy access to larger national retailers as well as various films at the Laurel Cinema 6.

With so much to offer, it’s simply no wonder as to why Laurel real estate is so widely desired by those who work in an around the greater Baltimore and Washington D.C. areas. From its accessible modes of public transportation to numerous seasonal festivals and charming shops, Laurel offers residents the perfect amenities in a favorable setting. For anyone interested finding a place to call home with access to our nations capital or the “Charm City,” Laurel, Maryland should be one of the first places to check out. It’s certainly safe to say that you should easily be able to find what you’re after.

Laurel MD Real Estate

The greater Washington D.C. and Baltimore, Maryland areas offer numerous residential opportunities for individuals working in the various surrounding government agencies and educational institutions. Midway between the two cities lies the city of Laurel, Maryland, crossing into a total of four different counties. With a population of over 87,000 people, Laurel MD real estate makes for an attractive location considering its close proximity to industry as well as its own notable charm.

From its earliest days, Laurel has attracted people for its location and thriving industry. In the early 1800’s, substantial agricultural endeavors contributed to the need for a rail line to run through Laurel between Washington and Baltimore. Truly a town supported by its local businesses early on, the town continued to grow and was officially incorporated in 1870 and reincorporated in 1890 in an effort to coincide with a new power plant and paved streets. Prince George’s County’s first nationally chartered bank, Citizens National Bank, opened its doors in 1890 and remained managed independently until 2007. Its branch services are even still provided today in the original building.

Today, the city acts as an ideal location for local commuters to Baltimore and Washington D.C. Two MARC train stations on the Camden Line are both located in Laurel. Metrobus routes also provided access to Baltimore as well. Not just close in proximity to two major metropolitan areas, Laurel is also near Johns Hopkins University’s Applied Physics Laboratory, the Fort Meade Army base and the National Security Agency. Along with its professional institutions, Laurel is also the site of the Laurel Park Racecourse, a popular horse racetrack venue in Anne Arundel County. Laurel residents also enjoy many festivals, including Lakefest, the annual Main Street Festival and River Fest. The downtown Main Street District is also home to numerous shops and widely popular art galleries.

Considering the thriving industry and entertainment in the surrounding area, it’s simply no wonder as to why Laurel MD real estate is such a highly sought after investment. From its close proximity to Washington D.C. and the greater Baltimore area, Laurel makes for the perfect place to call home while still providing excellent access to work. And not just for its location, Laurel offers families favorable entertainment in a convenient setting that all can enjoy. No matter what the reason may be, for anyone in search of residence near or around the greater Washington D.C. or Baltimore area, Laurel should surely garner some attention.

919 Langley Drive Silver Spring Md 20901

September 12, 2009

Large Updated Brick Colonial In Silver Spring

919 Langley Drive Silver Spring Maryland 20901

919 Langley Drive Silver Spring Maryland 20901

Four Bedrooms, two and half baths brick colonial.  This home has over $100,000 in upgrades including a new kitchen, new bath and a new roof.
Basement is finished with a separate laundry/utility room.  Basement family room includes a built-in work space with a blue granite counter.
Property also has an attached garage.  A large deck is located just off the kitchen.  The home has a large shed that is insulated and pre-wired for electricity.
To see more of this wonderful home visit Maryland real estate

$8000 Tax Credit Adds 400,000 Home Sales

September 10, 2009

According to a recent article in Real Economic Times, the federal tax credit is responsible for 400,000 home sales.

The article went on to add that the tax credit persuaded buyers who were going to wait a few years, to buy now instead.

One other point made was the idea that maybe the tax credit should be extended to all buyers, not just first time home buyers.

While I agree the tax credit has helped tremendously, lower prices and lower interest rates have contributed to increased home sales as well.  People who had no chance of ever buying a home, can now afford to buy.

Laurel Md real estate reflects what has happened across most of the country.  Laurel Md home sales have increased this year over last year.

For more information on Maryland home sales, visit Maryland real estate.

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Brien Berard
RE/MAX
13994 Baltimore Ave.
Laurel, MD 20707
Phone: (301) 604-0198