National Association of Realtors Trends Report

The National Association of Realtors (NAR) has revealed trend statistics on the real estate market. The number of U.S. households owned by minorities jumped from 17 percent in 1980 to 26 percent in 2000. The number is expected to increase to a whopping 34 percent by 2020. NAR also reported that 77 percent of American home buyers use an agent or broker, whereas 12 percent buy directly from a builder. It also reports that 66 percent of home buyers were so satisfied with their agent that they would likely use him/her again. [Lynne Schreiber, The Detroit News, September 30, 2005]

New Listing in Violetville

CONTRACT PENDING!

3704 Clarenell Road
Baltimore, MD

This meticulously maintained All Brick Townhouse features a New Gas Range, New Hot Water Heater, New Carpet in Family Room and Fresh Paint throughout! Many other updates including New Roof ('03), New Furnace ('02), Main and 2nd Floor Carpet ('01), Vinyl Flooring in Kitchen and Dining Room('01) and Replacement Windows. A Front Porch, Walkout Basement, Fenced Yard and Back Patio complete this immaculate home, located just inside the Baltimore City line, in the neighborhood of Violetville. Commuter friendly with easy access to I-95, I-695 and US Rt.1. Affordably priced at $124,900. BA5411263 (CL37-169)

Additional Photos

Contact Maggie today for more details!

A Cooler Seller's Market

In this article from The Washington Times, the author states that by the last day of August, more than 21,000 homes were still sitting on the market. Today's buyers will find more homes to choose from, so they can slow down a bit and think. Time to think had been a luxury buyers could not afford in this market, particularly in fast-moving communities. But the current sales climate will mean that prices should not jump as dramatically. The author has warned buyers to be sure to get a good assessment of a home's value from their real estate agent before they make an offer, because some sellers might be overpricing their homes on the assumption that prices are still rising as quickly as they were in the spring. [Chris Sicks, The Washington Times, September 23, 2005]