Stanley Barsch, REALTOR®, GRI 240.882.8512

FICO shows alarming new stats for credit scores

07-12-10

An alarming article I read this morning, shows that 25.5% of consumers (that is over 43 million people) have a credit score of less then 599. WOW!!!!!! Someone sound the buzzer, not only as a REALTOR, but just as a realist I think this is something to be concerned about.

On a positive note, the article goes on to say that people with over 800 credit scores are on the rise. It says that over 17% of people now fit this category, compared to above the notable average of 13%.

As a personal opinion, I think the current FICO system is outdated and pretty much a joke. I mean really, you want a credit card and maybe look into buying a car...and you lose 10-20 points? Not to say the amount of people that are hitting hard times and just unable to make ends meet. Is it really fair to kick a person while he or she is down? I'm all about punishing people for their actions, however sometimes you just have to hit PAUSE to allow room for improvement for unforeseeable situations.

You can read the article from WTOPNEWS, HERE. Want your FICO credit score to improve? You can read an article from MSN, HERE for 7 quick ways to make that happen.

9 Comments

Montgomery County, Maryland keeps its AAA rating....

07-07-10

Stanley Barsch, REALTOR®, GRI 240.882.8512

Recently, Montgomery County was put on Moody's "watch list" with potential to lose their AAA rating. That status has since been removed!

According to www.bizjournals.com Montgomery County has retained the AAA rating, due to their "considerable and formidable economic base, presence in the U.S. Government and excellent prospects for expansion" said bizjournals. You can read the whole article by CLICKING HERE.

Needless to say, this is fantastic news for those of us who reside here.....or may reside here.

2 Comments

Silver Spring (20910) - The BIG PICTURE market analysis. 2006/2008/2010 Jan.-June

07-06-10

Stanley Barsch, REALTOR®, GRI 240.882.8512

Are you ready to see the big picture?

Your official market analysis for 20910, where I compare 2006/2008/2010 markets first half sales

01/01/2010-06/30/2010 $0-$500,000 - Total of 87 units sold

Minimum price $44,900 Maximum price $500,000 Average price $333,940

Average DOM 55

$500,000+ - Total of 53 units sold

Minimum price $500,000 Maximum price $1,140,000 Average price $644,375

Average DOM 44

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01/01/2008-06/30/2008 $0-$500,000 - Total of 82 units sold

Minimum price $108,746 Maximum price $499,927 Average price $361,417

Average DOM 77

$500,000+ - Total of 54 units sold

Minimum price $509,900 Maximum price $1,150,000 Average price $658,178

Average DOM 72

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01/01/2006-06/30/2006 $0-$500,000 - Total of 133 units sold

Minimum price $171,000 Maximum price $499,999 Average price $372,035

Average DOM 38

$500,000+ - Total of 79 units sold

Minimum price $519,000 Maximum price $1,299,000 Average price $647,239

Average DOM 48

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Silver Spring - Although our average sales prices are down slightly from 2006 and 2008, we aren't doing too shabby are we? This is a fantastic time to sell and buy in Silver Spring.

Stats are deemed reliable as of 07/06/2010, they reflect asking price not settled price.

0 Comments

Silver Spring (20901) - The BIG PICTURE market analysis. 2006/2008/2010 Jan.-June

07-06-10

Stanley Barsch, REALTOR®, GRI 240.882.8512

Are you ready to see the big picture?

Your official market analysis for 20901, where I compare 2006/2008/2010 markets first half sales

01/01/2010-06/30/2010 $0-$500,000 - Total of 156 units sold

Minimum price $119,000 Maximum price $499,900 Average price $344,623

Average DOM 59

$500,000+ - Total of 19 units sold

Minimum price $509,000 Maximum price $729,900 Average price $577,663

Average DOM 18

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01/01/2008-06/30/2008 $0-$500,000 - Total of 114 units sold

Minimum price $179,000 Maximum price $499,900 Average price $394,077

Average DOM 108

$500,000+ - Total of 26 units sold

Minimum price $515,000 Maximum price $950,000 Average price $590,584

Average DOM 76

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01/01/2006-06/30/2006 $0-$500,000 - Total of 167 units sold

Minimum price $179,500 Maximum price $500,000 Average price $411,770

Average DOM 44

$500,000+ - Total of 62 units sold

Minimum price $500,000 Maximum price $780,000 Average price $568,810

Average DOM 43

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Silver Spring - In the "worst market in history" we sure are doing good in 20901, aren't we? This is your snapshot of 2006/2008/2010.....I hope this was helpful to you.

Stats are deemed reliable as of 07/06/2010, they reflect asking price not settled price.

0 Comments

Mt. Pleasant - The BIG PICTURE market analysis. 2006/2008/2010 Jan.-June

07-06-10

Stanley Barsch, REALTOR®, GRI 240.882.8512

Are you ready to see the big picture?

Your official market analysis for 20010, where I compare 2006/2008/2010 markets first half sales

01/01/2010-06/30/2010 $0-$500,000 - Total of 112 units sold

Minimum price $99,900 Maximum price $499,990 Average price $342,999

Average DOM 48

$500,000+ - Total of 42 units sold

Minimum price $519,000 Maximum price $2,390,000 Average price $755,809

Average DOM 65

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01/01/2008-06/30/2008 $0-$500,000 - Total of 75 units sold

Minimum price $169,900 Maximum price $499,777 Average price $349,158

Average DOM 78

$500,000+ - Total of 41 units sold

Minimum price $510,640 Maximum price $1,300,000 Average price $698,087

Average DOM 49

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01/01/2006-06/30/2006 $0-$500,000 - Total of 129 units sold

Minimum price $179,500 Maximum price $500,000 Average price $348,985

Average DOM 55

$500,000+ - Total of 70 units sold

Minimum price $500,000 Maximum price $1,049,500 Average price $653,488

Average DOM 44

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Mount Pleasant - Isn't it amazing that during the "worst market ever", the average sale price is up so far in 2010 compared to 2006 and 2008? Did you know that a home sold in Mount Pleasant breaking the highest price in HISTORY this yeer?

You are now in the know!

Stats are deemed reliable as of 07/06/2010, they reflect asking price not settled price.

0 Comments

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Stanley Barsch, REALTOR®, GRI 240.882.8512
Realty Executives Premier

Stanley Barsch, REALTOR®, GRI 240.882.8512: Real Estate Agent in Silver Spring, MD

Office: (301) 476-7700

Mobile: (240) 882-8512

Thank you for considering us as your real estate professionals. We are licensed in DC, Maryland & Virginia. We specialize in Silver Spring, but service the entire DC Metro Area.

The Barsch Team:

Stanley & Jessica are proud to introduce you to the newly formed Barsch Team. This team was developed to provide you a different level of service than you have come to accept in real estate. The team has a customizable plan to meet your unique needs whether you are selling or buying a home. The ultimate goal is to listen to your needs, identify your concerns and execute a stress-free transaction. The team aims to deliver with integrity and excellence.

Both team members are licensed in Washington D.C. and Maryland. Their target areas are Silver Spring, Chevy Chase, Cleveland Park, Adams Morgan and Georgetown. However, they proudly service other surrounding areas and have experience in doing so.

About Stanley:

Stanley comes to the team with over a decade of investing experience, and several years as a licensed REALTOR®. The first four years of his career was spent with Realty Executives Realtors, before joining Realty Executives Premier and co-founding the Barsch Team.

Stanley has been recognized in the past as an office top producing agent, given awards for his quality service, and been a member of Realty Executive's Club in recognition of the amount of closed transactions.

Stanley is the agent that you want to represent you in your transaction. He has the drive to sell real estate, the dedication to serve his clients and the willingness to go head to head with any REALTOR®.

About Jessica:

Jessica comes to the team with a decade of experience in non-profit and higher education. During her tenure as Director of Alumni Volunteer Programs for the University of Maryland Alumni Association, she managed all alumni volunteer programs nationwide, including the expanding alumni club and chapter program.

Jessica makes the perfect introduction into the real estate world with her strong interpersonal skills, conflict resolution and negotiation skills, as well as her knowledge and experience in database and marketing management.

Jessica is the agent that you need to stand behind you in your transaction. Her skills and proven track record have shown that she has the ability to accomplish tasks that are next to impossible.

About Silver Spring:

Silver Spring is a sought after city located in Montgomery County, Maryland. Conveniently located just north of Washington D.C. and east of Bethesda, and most commonly known for its improved downtown area.

Many thorough ways connect Silver Spring to other major cities surrounding Washington DC. Main stretches of roadway are Georgia Avenue, Colesville Road, East West Highway and University Boulevard. The beltway (495) is easy to connect to from the majority of these main arteries.

Many commuters in the area find Metro as their greatest ally in getting around and to work. With bus stops at virtually every corner, the ease of commute is there. In addition, the subway has stations in Downtown Silver Spring, Forest Glen and further north at Glenmont and Wheaton.

In the past decade, downtown Silver Spring became known to locals as "Silver Sprung." The most notable event was the development of the 650,000 square foot Discovery Building Headquarters, where it currently sits on the west side of Georgia Avenue. As a result of this development, many well-known businesses moved into the area. Downtown Silver Spring over the last few years has gained more locals and tourists alike who explore the businesses, restaurants and shopping. Whether you are out during the day or night, there is sure to be something to capture your interest with your family and friends.

Silver Spring is also the home to many more well known organizations such as National Oceanic and Atmospheric Administration (NOAA) in the downtown area, U.S. Food and Drug Administration Headquarters (FDA) in the White Oak area, and the Seventh Day Adventist World Headquarters near Calverton.

Silver Spring is a very diverse area with properties in virtually every price range, and meeting all your desires. If your needs are a condo, newer townhome or older model single family home, this area is sure to catch your attention quick. In the immediate downtown area, the homes are older and each one has its own unique story to tell. As you move north and east, you will find well established sought after neighborhoods with ramblers, cape cods, and colonials to name a few types of many.

Prices in Silver Spring vary on the area, neighborhood and specifics of the property you are purchasing.

If you are moving to the Washington DC area, and like the suburbia living without the distance, Silver Spring should be on the top of your list. This beautiful area has a population of just over 80,000 people. Let Stanley introduce you to Silver Spring, and other great cities in the area. Start your home search HERE, or contact Stanley HERE to begin your home search.