Laurel, MD

More and more buyers are choosing to use the FHA rehab loan or 203K. The reason for this is because so many foreclosure homes need work. For the smart Maryland first time home buyer, FHA Rehab loans could be the way to get a great deal on a home.

The FHA Rehab loan opens up the market to the first time buyer. Now, homes that need work can be given serious consideration. In this market, many homes need work. Banks that own foreclosures in Laurel Maryland, do not want to do any work on any properties they hold.

I just sold a home in Mayfair that the buyer is going to use the FHA rehab loan. The buyer is a teacher who is first time buyer in Maryland. I am helping her coordinate every move to have her home ready.

If you look around Laurel Maryland community you will find many foreclosures, that might need work. These homes are a good opportunity for anyone wanting to purchase Laurel real estate.

For more information on foreclosures in Laurel and elsewhere in the state, visit Maryland real estate.

I can't believe it, but I now have a Twitter account. I have fought it for months, but now I have given in. I watched several of my friends from Laurel Maryland join the Twitter wave. Dave from my church on Main Street in Laurel was one of the first. I ignored it. Then I would read post about Maryland real estate and see the, "follow me on Twitter" button on the bottom of the page. It seemed like everyone was Twittering!

But the last straw came from my own camp. My SEO guy told me to join Twitter. My SEO guy has a great track record with my web site www.mymarylandcastle.com

I do what my SEO guy says, he is the expert.

Ok, so I am taking the plunge. Wish me luck.

Oh, by the way, my twitter name is laurelrealtor.

Things are happening in Laurel real estate. There are some important indicators in the Prince Georges zip codes 20707 and 20708 in Laurel Maryland.

When comparing last May of 2008 with this May 2009 in Laurel we can see some trends. In both Laurel zip codes, prices are still coming down. In the 20708 zip code the price declines are still dramatic at over 15% for both the average sold price and the medium sold price. The amount of days it takes to sell a home in the Montpelier area of Laurel is almost the same from last year.

In Laurel Md zip code 20708 more homes sold this May than last May.

In zip code 20707 of Laurel, which covers West Laurel and historic Laurel Md, price declines were not as steep at around five percent for both the average and medium sold price.

It took four weeks less to sell a home this May as compared to last May in West Laurel and the historic area of Laurel Md.

In zip code 20707, more homes went off the market by selling or going under contract, than came on the market. That is a a significant change.

There are two significant changes statistics to note for Prince Georges County Maryland home owners and home buyers.

In this region, the inventory of homes is shrinking and the number of days it takes to sell a property is declining as well. Though in Prince Georges County, the number of days to sell a home have increased, neighboring Montgomery and Howard Counties that same number is almost at a stand still. History shows, Prince Georges County eventually follows the trends of its' neighbors.

Even more telling, all three counties have shrinking inventories. Pending sales are also up as well. If this trend continues, we will see the bottoming out of prices in the housing market.

This is good news for Laurel home sellers. Sellers have heard nothing but bad news for the last four years. Laurel real estate reflects the trend stated above. Laurel Maryland zip code 20707 homes had a slight increase for days on the market from last May, but inventory has decreased. In addition, more homes sold in Laurel Maryland in May of 2009 than last May of 2008.

If you have been watching Laurel real estate over the past several years, you know that Laurel Maryland's, Maryland City offer's great home values.

Maryland City is located in Ann Arundel County, just across the border from Prince Georges County Laurel Md. The area is just off of Route 198 and is bordered by Brockbridge Rd and the Baltimore Washington Parkway.

From Maryland City you can walk to Target. The subdivision is located just a minutes drive from Shoppers and Sam's Club.

Maryland City in Laurel Maryland is an older commuinty. The neighborhood is full of rambler style homes with large basements. Many of the properties have four bedrooms and two full baths. Most people find the large yards a definite plus. There is a neighborhood pool as well.

Ofcourse, the low Ann Arundel taxes make homes in Maryland City that much more affordable.

Homes are very affordable in Maryland City. You can find home prices rangeing from the high 100s to the high 200s.

Maryland City in Laurel Maryland has always had good value, and it still does.

For more information about home values in Laurel Maryland, visit Maryland real estate.