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An American Dream study on attitudes towards owning a home indicates renters do plan to purchase. About 68% responded that it would be more than two years before they do. This reluctance to buy could potentially drag out the real estate market’s recovery time further than many have predicted. However, the study found a the one thing in common that could encourage renters to become homeowners sooner than later The down payment: Almost half of the respondents said they would be ready to purchase sooner than later, if they could only come up with the cash for a down payment. There is help available! THERE ARE NO DOWN PAYMENT LOANS! Get the details: admin@crebr.com

Commercial Real Estate Remains Soft but Favors Business Expansion

Commercial Real Estate Remains Soft but Favors Business Expansion Washington, August 26, 2010 Commercial real estate sectors, hurt by weak job growth, are offering incentives in many areas that are conducive to business expansion, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said fallout from the recession continues to impact commercial real estate. “Vacancy rates are beginning to level off in some sectors, but rent discounts and moderate levels of landlord concessions are widespread,” he said. “This is very much a tenant’s market, which is quite favorable for businesses that are considering expansion. It’s also encouraging that there is a modest improvement in the sentiment of commercial real estate practitioners.” If your company is looking to expand or just get in, contact us to take advantage of the favorable opportunities available: Office 410.849.9008 admin@crebr.com

Annapolis Waterfront Condo for sale !

Cook Real Estate Brokerage

Tax Credit to Home Buyers Extended

The amendment to extend the $8000/$6500 tax credit to Buyers under contract on or before 4/30/10 was passed. The “settle by” date is now September 30, 2010. Visit www.opencongress.org http://www.CookRealEstateBrokerage.com

Interest Rates may be goin up !

RISMEDIA, March 20, 2010—(MCT)—As the spring real estate season kicks in and the tax credit deadline for sale agreements approaches, the government is ending a program that has kept interest rates low and housing-affordability levels high for months. The Federal Reserve will stop buying mortgage-backed securities from Fannie Mae and Freddie Mac, returning control of interest rates to private investors. If you’ve been thinking of buying, you may want to make that move now …www.CREBR.com

News you can use !

RESPA...as it applies to loan application: A few basic points... 3-day Rule Lenders now must provide borrowers with a GFE within three days of receiving a loan application. HUD does allow lenders to provide general information worksheets in lieu of the GFE during the pre-approval process as long as no specific property is identified. If consumers ask for a GFE, however, one must be provided whether the borrow is ready to buy or not. Fee Categories The new GFE includes three categories of closing fees that your clients need to understand. (1) fees that cannot change at closing, such as origination fees (2) a group of charges that collectively can increase up to 10% only, such as government recording fees, and (3) costs that are permitted to change if a buyer chooses to shop around for services, such as homeowner’s insurance. Checks and Balances Consumers should confirm their lender’s compliance with the new RESPA rules by carefully reading and reviewing the GFE and HUD-1 forms. Cook Real Estate Brokerage's expertise can be invaluable...helping buyers verify fees and other information in preparation for their closing.