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Coldwell Banker Market Watch
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To enhance your buying and selling experience, it’s our job as real estate professionals to provide you with as much valuable information as possible. It is essential that the buyer or seller be aware of all aspects of the real estate market in Ocean City Maryland before making a major decision. Whether it be through newsletters, checklists or news articles, we are here to make this process stress-free and rewarding. Please access our free reports today!
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JANUARY 2010 - Tax Credit Creates More Opportunities for Buyers
When the federal government announced the first-time home buyer's tax credit last year, the housing industry saw a wave of new buyers eager to take advantage of an unprecedented opportunity. Sellers enjoyed a pool of new buyers trying to meet a deadline.
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October 1, 2009 - Homeowner's Perception of Value
Homeowners were surveyed this summer about home values revealing how they perceive the real estate market.
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September 1, 2009 The Local Market Provides the Best Statistics
The real estate market continues to be a hot topic with the national media and we are continuously presented with many national statistics on the status of the residential real estate market.
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August 1, 2009 - Buyers Are Back
Homebuyers are back! After a cold spell through fall, winter and spring, buyers are acting on the positives of lower prices, lower interest rates and higher tax credits. The result?
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June 1, 2009 - Move Ups Are Coming Back
Two months ago, 60% of home buyers were first-time buyers. Last month, 60% were repeat buyers showing that more homeowners are moving up. As the first-time buyers with the $8,000 tax credit incentive bought the starter homes, more sellers could move up to a new, larger home. Today's environment with lower prices is the perfect model for "moving up".
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May 1, 2009 - Getting Back to Normal
The latest Case-Shiller Home Price Index for our area shows that home prices have dropped 31% since the peak over three years ago. That statistic sounds shocking, however, the report shows home prices have simply returned back to the March 2004 levels when homeowners were very happy with the value of their property. We need to remember in just the 18 months from March 2004 to September 2005, there was a sharp 41% increase in prices due to very low inventory. So a drop to 2004 price levels is more like getting back to normal.
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