Real Estate Archives

19 11, 2020

Eastport Annapolis 602 State Street

Stahley Thompson Homes2020-11-19T16:25:26-04:00November 19th, 2020|Real Estate|

In Annapolis, there are many communities and neighborhoods that provide a variety of amazing amenities, activities, and waterfront views. One of our favorite districts is located right over the Spa Creek Bridge from downtown Annapolis. Eastport living is all about enjoying a life filled with maritime influence and gorgeous views. Presented below is 602 State Street in the heart of [...]

6 11, 2020

Should I buy a house right now in 2021?

Stahley Thompson Homes2020-11-06T13:55:49-04:00November 6th, 2020|Real Estate|

The real estate market is red hot across the country as we say goodbye to 2020 (whew). The market sees newly listed homes selling within days, and in some cases, even hours. If your financial goal is to sell a home without much hassle, then the time is right. However, will buyers be able to purchase a home at a [...]

22 10, 2020

Mortgage Rates defy the odds and hit a new all time low

Stahley Thompson Homes2020-10-22T21:57:05-04:00October 22nd, 2020|Real Estate|

This morning Freddie Mac reported a new low - the average mortgage rate for a 30-year fixed loan fell to 2.8% this week. The rate fell one basis points from the week prior and is now six basis points lower than the original all-time low set in mid-September. The average fixed rate for a 15-year mortgage was 2.33%, falling from [...]

15 10, 2020

4 Ways to Refinance your Mortgage – even with bad credit

Stahley Thompson Homes2020-10-15T15:18:26-04:00October 15th, 2020|Real Estate|

Those homeowners that have acquired poor credit scores might be able to take advantage of mortgage refinancing options to help their financial bottom line amid the coronavirus pandemic. Unbelievably, the housing market is the only part of the economy that’s experiencing a rebound during the Covid-19 crisis, thanks in part to market volatility driving rates down. As of today, a [...]

24 09, 2020

The Week in Annapolis Real Estate for September 25th 2020

Stahley Thompson Homes2020-09-26T10:56:31-04:00September 24th, 2020|Annapolis Homes, Real Estate|

Welcome to The Week in Annapolis Real Estate. We summarize industry and market news from major sources and put the headlines into context each week. New home sales absolutely blow away all expectations. But will the supply hold on? The increase in demand for homes, brought on by the "stay at home culture" of the coronavirus pandemic, has depleted the [...]

22 09, 2020

What is an adverse market fee when refinancing your mortgage?

Stahley Thompson Homes2020-09-22T13:14:59-04:00September 22nd, 2020|Real Estate, The Insider|

With rates at record lows, you may be considering about refinancing your mortgage. However, be aware that it could be a more expensive transaction. Effective on December 1st, a 0.5% adverse market fee will be imposed on lenders by mortgage backers Fannie Mae and Freddie Mac. Many experts are suggesting that homeowners are going to absorb at least some of [...]

4 09, 2020

Home prices are enjoying the biggest gains in 2 years

Stahley Thompson Homes2020-09-04T08:57:36-04:00September 4th, 2020|Real Estate|

Exceptionally strong demand, historically low supply and record low mortgage rates are helping to create the fastest home price increase since 2018. According to CNBC, home prices were 5.5% higher this past July than in 2019. That is up from the 4.3% annual gain seen in June (CoreLogic). Recent falling mortgage rates increased demand from spring, when home sales bottomed [...]

2 09, 2020

Looking for a Pool before the weather changes? Rent one by the hour.

Stahley Thompson Homes2020-09-22T13:40:18-04:00September 2nd, 2020|Real Estate|

As we say goodbye to Summer in 2020, the coronavirus pandemic continues to place public pools out of reach for many. This presented a unique challenge for one small start-up. The company, Swimply from Valley Stream New York, is like an Airbnb or VRBO because it employs a similar strategy, only for pools. Just 2 years old, the company exploded [...]

22 04, 2020

How Your Mortgage could be affected by the CARES Act

Stahley Thompson Homes2020-04-22T11:28:43-04:00April 22nd, 2020|Real Estate|

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

Stahley Thompson Homes2020-05-04T11:53:09-04:00April 10th, 2020|Real Estate|

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 [...]