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Incentives for Maryland first-time home buyers

for sale sign outside houseMaryland first-time home buyers may soon have another program to help them buy a home. 

Two related bills are making their way through the Maryland General Assembly to create a first-time home buyer savings account. If enacted, Maryland would join a handful of other states that have already enacted such programs to incentivize home buying.

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Getting that top dollar for your home

The guarantee of “Getting top dollar for your home” is a theme in many real estate ads, as well as being promised by many agents.  Of course “Getting top dollar” is the goal for every home seller!  But why is this meme still prominent, and is it still meaningful?

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Don't send buyers to the competition

Home sellers should be concerned about the reports of a tumbling luxury home market. The stalwart of the American real estate market since the recession (and possibly skewing home price indices) is showing signs of weakness. Leigh Kamping-Carder of the The Wall Street Journal reported that 50 percent more homes priced $5 million or more reduced prices during this past January, compared to January 2015 (More Luxury-Home Sellers Drop Their Asking Prices; wsj.com; April 12, 2016). Additionally, Kelsey Ramírez reported for HousingWire about a Redfin home price analysis that indicated weakened luxury home prices; the sector realized a 1.1 percent annual decrease during the first quarter of 2016 (Luxury home prices decrease for first time since 2012; housingwire.com; May3, 2016).

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