Real Estate Report 5/24/2013

Changes in FEMA examined

LAUREN BUNTING
■ Contributing Writer

(May 24, 2013) At the recent Realtor Midyear Legislative Meetings and Trade Expo, officials from the Federal Emergency Management Agency (FEMA) at a Flood Insurance 101 session explained significant program reform as it relates to…

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December real estate numbers hint at ‘new normal’ for resort market

(Jan. 24, 2012) The real estate market in the region – and nationwide – is starting to show signs of increased vitality and some sort of equilibrium, according to end-of-the-year data.  But local Realtors say it is not yet clear what exactly the “new normal” for the resort area will be.

“I …

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Regs. adopted in effort to aid homeowners

(Jan. 18, 2013) The Consumer Financial Protection Bureau adopted new regulations last week in an effort to protect consumers from irresponsible mortgage lend­­ing by requiring lend­ers to ensure a very simple concept — that prospective buyers have the ability to repay their mortgage.

These…

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Brennan, Ott cited for Dec. figures

(Jan. 11, 2013) Broker Dr. Carl E. Ortman has announced RE/MAX Premier Properties’ top producers for December.

The top listing agent is Edie Brennan and the top sales producer is Marlene Ott with more tan a $1 million in sales. Ortman also announced that the company reached its goal of $80 million in…

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ResortQuest names top Dec. producers

(Jan. 11, 2013) ResortQuest Real Estate recently announced its December top producers for its southeast Sussex County, Del. locations.

Tammy Hadder and Anna Meiklejohn of the Marketplace at Sea Colony office were top listing agents. Other top listing volume awards for individuals were Hadder and…

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Commercial values dip 6 percent, but limited effect expected

(Jan. 11, 2013) Though it has been more than four years since the beginning of the 2008 economic recession, and despite signs of a gradual recovery, the effects of the market dip, at least for tax purposes, are still being figured out.

But the man who does the figuring, Worcester County Assessor Bob Smith,…

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Mortgage mess resolution will continue in ’13

(Jan. 11, 2013) In a multi-billion dollar deal, $10.3 billion to be exact, Fannie Mae and Bank of America have reached a comprehensive resolution covering current and future repurchase obligations related to loans that were originated between Jan. 1, 2000, and Dec. 31, 2008, as reported by Fannie …

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Downtown landmarks to be razed; new projects already in offing

(Jan. 4, 2013) Much like Steve Austin, the Bionic Man, downtown Ocean City must first be destroyed before it can come back better, stronger and faster, although the last part is a matter of relativity.

Two iconic downtown structures are currently under demolition, but due to the slow real estate market,…

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Suzanne Lynn Brenner Haslam

(Jan. 4, 2013) OCEAN CITY — Suzanne Lynn Brenner Haslam, 62, of Ocean City, passed away Monday, Dec. 24, 2012, at Coastal Hospice at the Lake in Salisbury. “Sue” was the daughter of retired Col. Robert N. Brenner Jr. of Berlin and Patricia Z. Brenner of Ocean City. She is survived by her brother, …

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Patricia A. Mitchell

(Jan. 4, 2013) OCEAN PINES — Patricia Ann Mitchell, 69, died Saturday, Dec. 29, 2012, at her home. Born in Baltimore, she was the daughter of the late William Douglas Mitchell and Mildred Kunst Mitchell.

She is survived by her husband, Anthony G. Ducati and daughters, Stacey Ann Gardiner and her …

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Realtors believe home values will increase shortly

(Jan. 4, 2013) Optimism among real estate professionals about the direction of home values is on the rise according to a recent survey conducted by HomeGain. The company announced the results of its nationwide home values study, which surveyed more than 200 real estate agents and brokers and more than…

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