Many real estate agents have seen the joy their buyers feel at finally finding the home of their dreams quickly change when they are told the property is a short sale. There are homeowners throughout Maryland who are selling property for less than the amount owed on the mortgage. As in other parts of the country, real estate professionals refer to these types of real estate transactions as short sales.
Each year, Maryland school superintendents travel to the state capital in order to make personal appeals for needed funds for school construction projects. The annual event, colloquially known as the "beg-a-thon", has been criticized by some as being overly politicized by members of the Board of Public Works for their own agendas.
On April 6, Maryland officials approved a contract allowing Purple Line Transit Partners to build its Purple Line, a light-rail system that will run through Prince George's and Montgomery counties. Total expenditures will be in the billions of dollars.
U.S. insurer MetLife plays a significant role in commercial real estate lending, and according to experts, the firm's redesignation by a district court could see it becoming even more involved. As part of the 2010 Dodd-Frank Act, MetLife was deemed a systemically important financial institution, or SIFI, along with companies like GE and AIG. In the spring of 2016, courts decided that the company is no longer important enough to qualify as an SIFI under the too-big-to-fail legislation. Maryland developers could see their chances at receiving financing increase as a result.
People who are wanting to sell their homes in Maryland are facing a bit of a dilemma. While real estate agents indicate they believe now is a great time to sell a residence, many also think that now is a bad time to purchase one.