22 04, 2020

How Your Mortgage could be affected by the CARES Act

2020-04-22T11:28:43-04:00April 22nd, 2020|Market News|

Chances are your home if owned, is most likely one of your largest assets. And if you have a mortgage, it is also likely your largest single monthly expense. To help ease the burden on many Americans during the coronavirus pandemic the government has targeted mortgages as an area to concentrate relief efforts. The CARES Act (Coronavirus Aid, Relief, and [...]

10 04, 2020

Ask These Questions when seeking Mortgage Assistance

2020-05-04T11:53:09-04:00April 10th, 2020|Market News|

Annapolis Homeowners are joining other cities asking for breaks on mortgage payments, as millions of Americans face unemployment or reduced income because of coronanvirus pandemic. But requesting a temporary postponement of payments for your mortgage does require special attention to detail.   Federally-backed mortgage's require loan servicers to offer forbearance The CARES Act stimulus package requires loan servicers to provide [...]

2 04, 2020

Kicking the Can Down the Road is not as good as it sounds

2020-04-02T14:02:22-04:00April 2nd, 2020|Market News, Renters|

The National Association of Realtors (NAR) and several leading groups are saying the $2 trillion stimulus package President Trump signed into law to bolster the economy doesn’t do enough for our industry. Indeed, the plan offers some relief to real estate, though the cash payments to individuals and a boost in unemployment insurance could (in theory) help ease some economic [...]

30 03, 2020

The Coronavirus effect on Anne Arundel and Annapolis Real Estate

2020-04-02T14:01:50-04:00March 30th, 2020|Market News|

The Anne Arundel County home-buying season usually coincides with the arrival of spring. This year, however, spring is coming alongside a virus circling the globe. The Coronavirus effect on Anne Arundel and Annapolis Real Estate has just started to show.home-buying season usually coincides with the arrival of spring. This year, however, spring is coming alongside a virus circling the globe. [...]

27 03, 2020

Record of 3.28 million people file for unemployment – what does this mean for the Real Estate Market?

2020-03-31T11:31:55-04:00March 27th, 2020|Market News|

When Goldman Sachs recently predicted that 2.25 million people would file for unemployment last week, it made headlines nationwide - which obliterated the previous weekly record that has stood since 1982. But the actual figure is much worse than Goldman Sachs predicted. According to the Department of Labor, nearly 3.3 million people filed for unemployment in the week ending March [...]

27 03, 2020

5 Questions about the state of the mortgage market

2020-03-27T14:24:58-04:00March 27th, 2020|Market News|

At the beginning of 2020, low-interest rates and strong job growth contributed to a steady climb in consumer-purchasing power, which led to an uptick in both refinance and purchase demand. But as the COVID-19 pandemic rapidly spread in March, many of the nation’s consumers were either forced to work remotely or not at all, as the incredibly infectious disease forced [...]

25 03, 2020

OUR RESPONSE TO THE COVID-19 OUTBREAK

2020-04-27T16:57:34-04:00March 25th, 2020|Annapolis, Market News|

The COVID-19 health crisis is presenting challenges that are unprecedented in our lifetime. Our thoughts and well wishes are with everyone affected by COVID-19. At Stahley Thompson Homes we have been carefully evaluating the situation, following the guidance of public health officials and listening to news reports from around the world. The safety of our clients and agents is our [...]

25 03, 2020

Coronavirus Impacts On Real Estate and Statistics that will surprise you

2020-03-25T12:47:40-04:00March 25th, 2020|Annapolis, Market News|

The real estate industry is constantly changing, both in terms of residential and commercial. Now add the current state of the Corona Virus and you have an industry that is very unsettled right now. Knowing the latest real estate statistics (as of February 2020) is a great way to better position yourself for success as the industry attempts to get [...]

8 10, 2018

Increase in 10-Year Yields are hurting our Financial System

2020-03-31T11:32:21-04:00October 8th, 2018|Market News|

The short term interest rate increases from the FED are affecting our Personal Finances. The recent spike in the yield of the 10-year Treasury note to 3.25% is the highest level since the Spring 2011. You can expect your borrowing costs and investment accounts to be affected.  The yield on the key U.S government bond influences everything from fixed-rate mortgages to [...]