Finding this website to be valuable?
Why not register for our website by clicking HERE?
This will allow you to save specific listings, searches, or property information so you can come back later and review. You can also sign up to be notified when new listings come onto the market that meet your requirements. This registration also helps me stay in communication with my clients and allows us to offer the best service possible!
**This information is NOT submitted to 3rd party marketing sources, our eyes only!
To Sell Your Home!
To Buy a Home!
Senior Listing Agent
Exit Landmark Realty
To Apply for a Mortgage!
Senior Loan Officer
Academy Mortgage Corporation
Get Pre-Approved FREE by Clicking Here!
Bernie Alvey, Senior Listing Agent with Exit Landmark Realty and Chris Hood, Senior Loan Officer with Academy Mortgage serve fine neighborhoods in: La Plata, MD, Waldorf, MD, Hughesville, MD, Charlotte Hall, MD, Mechanicsville, MD, California, MD and surrounding areas. Bernie Alvey and Chris Hood have over 25 years of experience and have helped over 500 families successfully buy, sell and finance homes throughout Maryland!
Selling your home? Nothing is more important than knowing the perfect asking price! I can help you with a FREE Market Analysis. I use comparable sold listings to help you determine the accurate market value of your home. You don't want just "any Realtor." You want an experienced. FULL-TIME PRICING STRATEGIST who will get you top dollar for your home in the quickest possible time! Check out the Sell your home quickly and 7 things you must know before selling pages in for valuable information!
Buying a home? Check back here often to see our listings, or use my Dream Home Finder form and I'll conduct a personalized search for you. Also, be sure to check out the 7 things you must know before buying page for must-have information before you begin house hunting!
Financing a home? Working with the right loan officer can be critical to your home buying experience. Chris Hood has 10 years experience in financing homes in throughout Maryland. He has several loan programs that will allow you to buy a home with NO MONEY DOWN with a credit score as low as 580. Be sure to use our "apply online" feature so Chris can provide you with a free, no obligiation mortgage pre-approval!
Latest Realty News from NAR
Homebuying activity was essentially unchanged in January 2019 compared to one year ago, according to NAR’s January 2019 REALTORS® Confidence Index Survey. The REALTORS® Buyer Traffic Index registered 52 in January 2019, just slightly above 50, a level that indicates no change in the overall direction of buyer traffic activity, One year ago, the REALTORS® Buyer Traffic Index was at 69, a level that indicates homebuying traffic was broadly stronger compared to conditions one year ago. A lower index in one month compared to the level in another month slower activity during that former month, so the steep decline in the value of the index from 69 to 52 indicates homebuying conditions have slowed significantly from conditions one year ago. The REALTORS® Buyer Traffic Index has fallen below leads existing home sales by one to two months, so the January reading is an indicator of sales in the next one to two months.
Buyer traffic was broadly weaker during November and December 2018 and January 2019 compared to conditions one year ago in the District of Columbia and in states 16 states that included Oregon, California, Nebraska, Iowa, Illinois, Maryland, Connecticut, Rhode Island, and New Hampshire. However, buyer traffic conditions were broadly stronger during November and December 2018 and January 2019 compared to conditions one year ago in Idaho, Utah, Wisconsin, Indiana, Alabama, Georgia, South Carolina and North Carolina.
The REALTORS® Buyer Traffic Index has hovered at near 50 since August 2018 when the index fell to 51 and remained at below 50 through December 2018. The January reading of 52 indicates a slight upturn in homebuyer traffic as mortgage rates started falling in January 2019. As of the week of February 14, the average 30-year fixed mortgage rate fell to 4.37 percent, from a high of 4.94 in the weeks of November 8 and 15.
Higher mortgage rates compared to one year ago, the negative effect on confidence of the government shutdown, the cap on deductions for property, state, and local income taxes, and the very cold weather were some factors cited by the respondents for the slowdown in buyer activity in their markets.
To note, mortgage rates have started falling again since January 2019. As of February 14, the 30-year fixed rate mortgage has fallen to 4.37 percent from 4.8 percent during the weeks of November 8 and 15. The 30-year fixed mortgage rate is still slightly higher compared to the 3.95 percent in January 2018. The monthly increase in mortgage payment arising from a 0.5 percent increase in mortgage rates on a loan of $250,000 is about $73 per month.
In a monthly survey of REALTORS®, NAR asks respondents “Compared to the same month (January) last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?” NAR compiles the responses into an index, where an index above 50 indicates that more respondents reported “stronger” traffic than “weaker” traffic. In generating the buyer traffic index at the state level, NAR uses data for the last three surveys to have close to 30 observations. Small states such as AK, ND, SD, MT, VT, WY, WV, DE, and D.C., may have fewer than 30 observations. The index is not seasonally adjusted, so a year-over-year comparison is appropriate.
 The index is not seasonally adjusted, so a year-over-year comparison is appropriate compared to a month-to-month comparison in evaluating whether market conditions are improving or deteriorating.
 Freddie Mac’s survey of 30-year fixed rate mortgages
 Bloomberg reported that 876,000 acres were burned in California due to wildfires, citing data form the California Department of Forestry and Fire and Protection in Now California Wildfires Burn All Year; see https://www.bloomberg.com/news/articles/2019-01-17/california-fires-burn-all-year-as-drought-left-state-a-tinderbox
 Rates started falling after Chairman Powell of the Federal Reserve Board announced in December 2018 that it was looking at one rate hike in 2019.
In the spirit of President’s Day we can use data from the 2018 Profile of Home Buyers and Sellers to see how the typical home differs from the White House.
Typical Home Purchased in the U.S.
The White House
Why am I the right Realtor for you? Check on the "About Me" page to learn why I am the right choice to help you sell your home or to help you buy a home!
New York Times article featuring Bernie Alvey. As a result of his foreclosure work in Waldorf MD, The New York Times recently contacted Bernie Alvey for input on a "Financing for Foreclosed Homes" column. You can read the article and Bernie's thoughts by clicking here.