Clarksburg, MD

Here is the Clarksburg Area (Clarksburg, Hyattstown, and Boyds) supply and demand chart for March 2008. The Red lines are the active homes, blue under contract, and green are sold. The absorbtion rate is determined by the number of homes on the market and the number of homes selling that month.

Actually the asorbtion rate went up compared to last year. Few areas in Montgomery County can boast that stat.

Absorbtion Rates:

March 2008 7% absorbtion rate

March 2007 5% absorbtion rate

March 2006 12% absorbtion rate

The first annual Clarksburg Town Center 5K Race, Walk, and Kids' Fun run is set for April 19 from 8:30 a.m. to 11:30 a.m.

Proceeds will be shared by the Special Olympics-Montgomery County and the Clarksburg Sports Association.

For additional details, you can log onto

http://www.clarksburgconnects.com/communitynewsview.aspx?id=23365&returnurl=communityhome.aspx

See you there!

The Office Of Federal Housing Enterprise Oversight (OFHEO), which oversees Fannie Mae and Freddie Mac, has allowed them to increase the amount of money that they invest in home loans.

OFHEO did this by reducing the amount of capital that Fannie and Freddie are required to keep in reserve. This makes an additional $200 billion available, in the hopes of reducing the cost of borrowing and thawing credit markets.

Treasure Secretary Paulson commented on the move, saying, "Additional capital will enable the companies to help more homeowners and will strengthen the underlying fundamentals of the mortgage market."

It will be very interesting to see if this is merely political puffery or if there will be actual impact on the market. Stay tuned....