Branden Schroeder

For Good or Bad, Washington DC Rated Best Performing Housing Market

Branden Schroeder posted this 2 3,316 Views

In light of federal budget woes, staggering national debt, and continued economic uncertainty, most of the United States will take little solace in, and perhaps will be even a bit irritated by a recent S&P/Case-Schiller home-price report, a leading measure of current residential housing market trends, showing that the Washington, DC metro market to be the best performing residential real estate market in the entire country.  It is, according to the report, a "Top 10" market to watch in 2...

Branden Schroeder joins Coldwell Banker in Annapolis, Maryland

Branden Schroeder posted this 1 4,400 Views

As of today, Monday, March 7, I am now officially an Associate Broker with the Annapolis, Maryland office of Coldwell Banker Residential Brokerage (Annapolis Plaza Office). For the past six years I have had the opportunity to work at the Annapolis office of Prudential Carruthers Realtors.  I will miss my colleagues at Prudential Carruthers and leave with much respect for the owners, management and agents of that company.  At the same time, I am very excited with the new opportunities avai...

New Direct Phone Number for Maryland Homes and Property Website: (443) 333-9060

Branden Schroeder posted this 3,695 Views

As of today, February 2, 2011, the Maryland Homes and Property website has a new direct phone number for users/clients to use for support or questions.  The new number is:  (443) 333-9060.  The previous phone number (410) 571-1378, will continue to be operable for a short time, but will most likely be discontinued as of the end of February. 

New design launch of 'Maryland Homes and Property' real estate website!

Branden Schroeder posted this 2 3,277 Views

I'm pleased to announce to launch of the newly re-designed, customized real estate website at  Featuring industry-leading property search functionality and advanced user panel control tools, the aim of the site is to provide users with extremely efficient access to information about Multiple List System (MLS) 'For Sale' properties throughout Maryland. Most individuals conducting searches enjoy being able independently begin the process of finding pr...

Maryland Mortgage Market Update for March 8, 2010

Branden Schroeder posted this 2,816 Views

Thirty year fixed rates dipped last week below 5% with 0 points for just a few hours, but toward the end of the week they started to climb again in the wake of released unemployment reports showing the unemployment rate stabilizing.   For the moment a well qualified purchaser can still obtain a 30 year fixed money loan at 5% for 0 points.   FHA and VA loans are still about the same as their Fannie Mae and Freddie Mac counterparts, but it will be important to watch the 10 year ...

The FED steps up!

Branden Schroeder posted this 1,945 Views

As of this third week in February, thirty-year year fixed rate mortgages are still holding at 5% - 5.125% for very well qualified purchasers. FHA and VA loans are still tracking about the same. The following is a recent commentary from Market Alert: Commentary: "Treasury prices are rebounding from a selloff yesterday following a fairly dismal $81 billion three-part government debt auction that absorbed investors' attention during the middle part of the week. Oftentimes when...

Mortgage Market Update: Are FHA Changes Coming Soon?

Branden Schroeder posted this 1,505 Views

Conventional 30-year fixed mortgage rates are floating around 5%, which is a slight improvement over the past week, but most analysts believe such low rates are not likely to last.  There are also persistent rumors that significant changes may be coming to government-backed FHA (Federal Housing Administration) home loans.  Apparently, the following changes are currently under consideration by FHA:  * Remove the per se blocking of sales on 'flipped' properties ...

Maryland Mortgage Rates, HUD-1 and Good Faith Estimate Changes for 2010

Branden Schroeder posted this 3,572 Views

Happy New Year and best wishes for 2010! This post is the first of a series of entries that will report on important changes impacting the Maryland residential real estate and home mortgage markets.  Home mortgage interest rates leading up to the 2009 Holidays were especially volatile. The 10 year treasury yield index (ticker TNX) moved from its recent lows in December of 32.5 up to 38.15 as of Friday, January 8. This, along with other key economic factors have caused 30 year fixed ...

Proper Disposal of Compact Fluorescent Light Bulbs (CFLs) in Maryland

Branden Schroeder posted this 5,166 Views

As compact fluorescent light bulbs (CFLs) have increased in popularity due to their significant energy saving attributes (they consume about 75% less electricity and can last almost 10 times longer than incandescent bulbs), concern has arisen about the mercury content within the bulb.  It is true that CFLs do contain mercury.  According to a 2007 paper issued by the EPA’s Energy Star program, each CFL bulb tube contains about 5 milligrams of mercury, which is an element ess...

Maryland Homeowners Must Now Apply for Homestead Tax Credit

Branden Schroeder posted this 35 17,837 Views

As of January 1, 2008, property owners of a principal residence in Maryland are required to file a one-time application in order to receive the Homestead Tax Credit.  This credit limits the amount of assessment increases for real estate tax purposes.  Previously, eligibility for the credit was automatic, but legislation passed in 2007 by the Maryland General Assembly mandates the one-time paper or online application filing.  The Maryland Department of Assessments and Taxation will be sendi...