Maryland Housing Prices, Recent Homes Sales and Comparative Values
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WASHINGTON, April 16 – The mortgage credit crunch has spilled over into land acquisition, land development and home construction (AD&C) lending, increasing the challenges faced by builders in the current housing downturn. “With private securities markets in disarray and banks retrenching, a bona fide credit crunch is underway,” Bob Mitchell, a home builder from Rockville, [...]
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WASHINGTON, April 16 – Builders continued to reduce the pace of new-home construction in March amidst ongoing erosion in the overall economy and credit markets, according to the latest figures released today by the U.S. Commerce Department. Total housing starts fell nearly 12 percent to a seasonally adjusted annual rate of 947,000 units for the [...]
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WASHINGTON, April 15 – Builder confidence in the market for new single-family homes remained unchanged for a third consecutive month in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI), released today. The HMI held at 20, up marginally from the record low of 18 set in December of 2007 [...]
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WASHINGTON, March 26 – The National Association of Home Builders (NAHB) today applauded the Office of Federal Housing Enterprise Oversight (OFHEO) for its decision not to decrease conforming loan limits from the current level of $417,000 in 2009 and subsequent years. “OFHEO’s decision to reverse a proposal to establish new guidelines that could have resulted [...]
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