DC CLOUT "DC Area Real Estate Buzz"

What You Can Do to Improve Your Credit

Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:

1. Check for and correct any errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

2. Pay down credit card bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.

3. Don’t charge your credit cards to the maximum limit.

4. Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.

5. Don’t order items for your new home on credit — such as appliances and furniture — until after the loan is approved. The amounts will add to your debt.

6. Don’t open new credit card accounts before applying for a mortgage. Too much available credit can lower your score.

7. Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.

8. Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.

courtesy of DC's Condo Guy  

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New and improved property search featuring maps, and more of everything statistics, neighborhood spotlight, neighborhood videos and packed with valuable articles and other condo info.....

Visit new site here www.dccondoguy.com

DC Monthly Condo Sales for the September 2009 by price

Price Range

Units Sold

Under $100,000 2 $100,000 - $199,999 23 $200,000 - $299,999 77 $300,000 - $399,999 89 $400,000 - $499,999 38 $500,000 - $699,999 36 $600,000 - $699,999 19 $700,000 - $799,999 7 $800,000 - $899,999 1 $900,000 - $999,999 1 $1,000,000 - $2,499,999 3 over $2,500,000 0

Courtesy of DC's Condo Guy    dccondoguy@live.com  

Obama: Nobel Peace Prize 'A Call to Action'

September 2009 Home Sales Statistics for Washington DC

Washington DC  Home Sales Statistics are in for September  2009. Here's a brief snippet- more details coming.....  The 1st numbers are for 2009/2nd number for 2008/3rd change percentage 

Average. sold price $457,059, $520,296  (-12.15%)
Total Units Sold - 552 - 409  ( 34.96%)
Of that  552,  274 were condos/coop
Average sold price Condos - NA

Avg. Days on Market  94 - 82   (14.63%)

Courtesy of DCClout.com  DC Home Buying and Selling Resource Center

September 2009 Home Sales Statistic for Montgomery County

Montgomery County Home Sale statistics are in for september 2009. Here's a brief snippet- more details coming.....  The 1st numbers are for 2009/2nd number for 2008/3rd change percentage

Average. sold price $412,795 - $458,036 (-9.88%)
Total Units Sold - 859 - 768 (11.85%)
Of that 859, 195 were condos
Average sold price Condos - NA

Avg. Days on Market - 83 - 101  (-10.06%)

Compare 2007/2006/2005  Real Estate Statistics for Montgomery County Maryland and Washington DC click here

source mris

courtesy DCClout.com  DC Home Buying and Selling Resource Center

September 2009 Home Sales Statistic for Prince Georges County

The Prince Georges  County Home Sale statistics are in for September  2009. Here's a brief snippet- more details coming.....  The 1st numbers are for 2009/2nd number for 2008/3rd change percentage

Average. sold price $225,976  - $285,632   (-20.89%)
Total Units Sold - 662 - 546   (21.25%)
Of that 662, 39 were condos
Average sold price Condos - NA
Avg. Days on Market - 133 - 141   (-5.67%)

source mris

courtesy DCClout.com  DC Home Buying and Selling Resource Center