Rent or Buy – the cost is going up

Posted Posted in Affordability Index, first-time buyers, Housing prices, Mortgage interest, mortgage rates, mortgages, real estate, Rent versus Buy

Whether you continue to rent or decide to buy a home, according to recent Zillow 2014 housing projections, the cost is going up. Zillow projects home prices to increase nationally by 3%, mortgages to rise to 5% interest rate by the end of the year and rents to go up by 2.5% on average. If […]

Anne Arundel County, MD November 2012 Home Sales Above $1 Million

Posted Posted in Anne Arundel County real estate, Home Values, Housing prices, Maryland real estate, real estate

Six homes that sold for more than $1,000,000 in Anne Arundel County, Maryland in November 2012. $2,300,000 – 5 bedroom, 5.5 bath Contemporary in St Margaret’s, Annapolis MD $1,720,000 – 3 bedroom, 3.5 bath Federal in Historic District, Annapolis, MD $1,400,000 4 bedroom, 4 full baths, 2 half bath Craftsman in Beechwood on the Burley, […]

Second Homes Treated Differently

Posted Posted in Annapolis, MD real estate, Anne Arundel County real estate, Chesapeake Bay area real estate, homebuyers, Homes for Sale, Maryland real estate, Maryland's Eastern Shore real estate, mortgages, Queen Anne's County real estate, real estate, Talbot County real estate

While a principal residence and a second home have some similar benefits, they have some major differences. A principal residence is the primary home where you live and a second home is used for personal enjoyment while limiting possible rental activity to a maximum of 14 days per year. The Mortgage Interest Deduction allows a […]