Pat Padgett Realtor

Pat Padgett Realtor WHEN PURCHASING OR SELLING A HOME CALL OUR REAL ESTATE ROFESSIONAL! You will be represented by a professional who truly cares about YOU.

•Full Service Agent •Serving Baltimore, Harford, & Cecil Counties •Residential, Multi-Fam, & Investment Sales •New Home Sales, Lot-Land/ Construction Sales •Investors - Handyman Specials/ Creative Financing •Buyer & Seller Consultant •Trusted Advisor •Master Marketer •Skillful Negotiator •Expert Facilitator

Stand out above the other offers in this multiple offer market.  Use the 10K Garantee to the Seller, that Buyer is appro...
05/16/2019

Stand out above the other offers in this multiple offer market. Use the 10K Garantee to the Seller, that Buyer is approved and will close on time. Contact Tom Barclay with Prosperity Mortgage to see what loan programs work with this garantee.

How Color Helps Sell Your Home - Realty Times
05/16/2019
How Color Helps Sell Your Home - Realty Times

How Color Helps Sell Your Home - Realty Times

Yes! Just like curb appeal matters, the colors of your home can and will influence buyers. With that in mind, we explore which colors tend to appeal to the masses.

Rents are still high, and Mortgage Interest Rates are still low.  If you have been "on the fence" about purchasing a hom...
01/25/2019

Rents are still high, and Mortgage Interest Rates are still low. If you have been "on the fence" about purchasing a home; now is the time to buy!

11/17/2018

Mortgage Rates Stabilize
By RISMedia Staff
RISMEDIA, Friday, November 16, 2018— After increasing in quick succession, mortgage rates are stabilizing, with the average 30-year, fixed rate steadying at 4.94 percent, according to Freddie Mac's latest Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate ticked up to 4.36 percent, from 4.33 percent the prior week, and the average five-year, Treasury-indexed hybrid adjustable held at 4.14 percent.

"Despite recent market volatility, mortgage rates remained steady this week," says Sam Khater, chief economist at Freddie Mac. "The stability in mortgage rates reflects the moderation in inflationary pressures in the economy due to lower oil prices and subdued wage growth.

"On the margin, lower energy costs are a positive for the home-sales market, particularly for lower-middle income suburban buyers who spend proportionately more income on transportation costs," Khater says.

Source: Freddie Mac

Some helpful tips to stage your home!
08/22/2016
Staging Secrets of Model Homes

Some helpful tips to stage your home!

The best staged homes strike the balance between lived-in and never owned.

06/11/2016

Baltimore home sales soar in May, prices climb 5 percent
Natalie ShermanContact ReporterThe Baltimore Sun
Baltimore area home sales soar in May, prices climb 5 percent
Home sales in the Baltimore area soared to the highest level for May in nearly a decade and prices continued to rise as the region's housing market continued a strong spring.
Roughly 3,710 homes changed hands last month in Baltimore City and its five surrounding counties, a 15 percent increase from May 2015, according to a report released Friday by ShowingTime RBI, a firm that provides software and market data to the real estate industry.
The activity extended a 22-month streak of year-over-year growth and took a bite out of the number of homes available. There were 12,196 listings last month, down more than 10 percent from May 2015, according to the report, which is based on listing activity from the MRIS multiple listing service.
As supply fell, prices edged up.
The median sales price for the region increased 4.8 percent from May 2015, hitting $262,000 last month. That's the highest of any month in nearly two years and less than 5 percent below the May peak in 2007, before the housing bust.
"The sun came out here at the end of April, and our buyers were ready to go," said Ivy Gifford, a real estate agent in Carroll County, where she is opening a new Keller Williams office and where sales spiked 29 percent year over year. "They were excited. They felt some urgency."
Rising prices also reflected a decline in distressed sales, including foreclosures, which typically fetch lower sums. Distressed sales in the region fell 10.5 percent year over year to 573, while their median price increased.
Not including distressed sales, last month's median price in the metro area was $289,900, essentially flat compared to May 2015.
Maryland has seen less price appreciation than other parts of the country in recent years, but if supply continues to drop, prices are likely to climb faster, said Jonathan Hill, vice president of communications and marketing for MRIS.
There were just 5,757 new listings in May, down 5 percent from a year earlier, according to the report. And fewer sellers than expected listed homes in the previous months as well, he said.
"We're concerned that inventory doesn't look like it's going to keep up and that pushes the pedal to the metal on … sale price," he said. "I don't know what it's going to take to bring that inventory to market."
The number of people who owe more on their mortgage than the value of their house also has fallen, but the relatively limited price appreciation may still constrain some sellers looking for their next home, said Daraius Irani, senior economist at Towson University's Regional Economic Studies Institute.
That may tilt demand to lower price brackets or keep sellers on the sidelines waiting for more equity to build, analysts said.
"We're getting better," Irani said. "We haven't fully recovered — that might be too bold of a statement."
At the top of the market, many homes are still sitting for extended periods, but things have gotten better as the economy improves, said T. Ross Mackesey of Long & Foster's Timonium office.
"I feel as though we're at the beginning of being able to predict steady growth," he said. "The best thing for real estate are jobs."
The month's results continued long-standing regional trends.
Howard County remained the most expensive market, with a median sales price of $415,000, up 3.8 percent from May 2015. Sales grew 8.9 percent.
Baltimore City held its place as the most affordable market. It experienced the greatest price appreciation, with the median jumping 9.2 percent year over year to $155,000. Sales increased 11.7 percent.
"We're getting calls nonstop," said Rodney Dotson, a real estate agent with the Charm City Team of Keller Williams Legacy, which specializes in West Baltimore neighborhoods, including Reservoir Hill, Bolton Hill and Ashburton.
Investors and others are sensing opportunity, as the government and other groups focus more attention on West Baltimore, he said.
"Specifically in West Baltimore, I know that there is a buzz because there is a renewed sense of community," he said.
Carroll County had the second-highest level of price appreciation. The median price climbed 8.7 percent from May 2015 to $314,000.
More buyers are turning to Carroll for its big, relatively new homes, with prices that are comparable to — or lower than — areas like Timonium and parts of Howard County, said John Kessler, a Timonium-based real estate agent with Long & Foster.
"If it's a nice house in a good location with any updates, it is very, very active," he said.
Anne Arundel County followed Howard in terms of expense, with a median price of $329,295, essentially flat from last year. Sales increased 21 percent.
In Baltimore and Harford counties, the median rose 3.8 percent year over year, reaching $230,000 and $244,000 respectively. Sales rose 19.7 percent in Harford and 11 percent in Baltimore County.
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It's getting a little easier to get a mortgage and rates are still below 4%!
11/04/2015
Home Buyers Don’t Need to Fear

It's getting a little easier to get a mortgage and rates are still below 4%!

Home shoppers no longer need to tremble all the way to the lenders’ office or have nightmares over being denied a home loan. A new report confirms: It’s getting easier to get a mortgage.&n

New workforce center opens in Aberdeen
11/04/2015
New workforce center opens in Aberdeen

New workforce center opens in Aberdeen

ABERDEEN — Job seekers in Cecil and Harford counties have a newer, larger and more innovative space to access for training and job search right at the Route 22 Aberdeen exit of Interstate 95 in a facility formerly known as the HEAT Center.

Interest rates may remain lower longer than originally expected. The Federal Reserve released recent comments that sugge...
10/25/2015
Mortgage Rates Are Staying Below 4%

Interest rates may remain lower longer than originally expected. The Federal Reserve released recent comments that suggested it may continue to hold off in raising short-term interest rates and weaker-than-expected consumer demand is all pushing Treasury yields lower.

Interest rates may remain lower than originally expected awhile longer.

30-year fixed-rate mortgages: averaged 3.79 percent, with an average 0.6 point, dropping from last week’s 3.82 percent...
10/25/2015
Mortgage Rates Sink Lower This Week

30-year fixed-rate mortgages: averaged 3.79 percent, with an average 0.6 point, dropping from last week’s 3.82 percent average. Last year at this time, 30-year rates averaged 3.92 percent.

Averages on fixed-rate mortgages dropped lower this week, continuing to provide a benefit to home buyers and refinancers, Freddie Mac reports. Freddie Mac reports the following national averages with mortgage rates for the week ending Oct.

Watch Sunday's Supermoon Total Lunar Eclipse - or Wait Until 2033Beginning at 8:11 p.m. Eastern (5:11 p.m. Pacific), the...
09/26/2015
Watch Sunday's Supermoon Total Lunar Eclipse - or Wait Until 2033

Watch Sunday's Supermoon Total Lunar Eclipse - or Wait Until 2033
Beginning at 8:11 p.m. Eastern (5:11 p.m. Pacific), the moon — currently full and at the closest point in its orbit, making it an extra-large, extra-bright "supermoon" — will enter the shadow of the Earth, darkening it until only light refracted around the planet falls on its surface. The redness of this light gives the moon a rusty color, resulting in the nickname of this type of eclipse: a "blood moon."

Skywatchers will have something to howl about on Sunday: a total Supermoon eclipse.

Real Estate|New Disclosure Rules for Mortgages
09/26/2015
New Disclosure Rules for Mortgages

Real Estate|New Disclosure Rules for Mortgages

Starting Oct. 3, home mortgage lenders will use new consumer disclosure forms that explicitly break down the costs and terms associated with a loan.

Existing-home sales reached the highest pace in eight years!
09/19/2015
This Isn't a Housing Bubble: Here's Why

Existing-home sales reached the highest pace in eight years!

Home prices are rising rapidly, but economists are deflating concerns that another "housing bubble" is brewing. A recent report from CoreLogic shows that twice as many metro markets are considered "overvalued" - prices are inflated relative to incomes -- in the second quarter of this year compared to the first three months of the year.

If mortgage rates go to 6%, what happens to housing
09/19/2015
If mortgage rates go to 6%, what happens to housing

If mortgage rates go to 6%, what happens to housing

If mortgage rates go to 6 percent, in some very hot markets—including San Francisco and Miami—homes may be overvalued by more than 20 percent.

The Federal Reserve said it is not raising federal funds interest rate in September.
09/19/2015
It's official: Fed punts on interest rate hike

The Federal Reserve said it is not raising federal funds interest rate in September.

The Federal Reserve said today it is not raising the federal funds interest rate. This means the next chance the Fed will have to raise rates will be in late October. Here's what this, and what a future hike, means for housing and mortgage finance.

Oct - Dec is statistically the best bargain purchase season of the year.  Put your offers in now!
09/19/2015
Best Day of the Year to Buy a Home

Oct - Dec is statistically the best bargain purchase season of the year. Put your offers in now!

Mark Oct. 8 in your calendar. That's the best date to close on a home at a bargain price, according to a new study by RealtyTrac. On average, buyers have purchased 10.8 percent below estimated market value on this date for the last 15 years, the study shows.

Foreclosures Down 68% since September 2010!
09/11/2015
Foreclosures Down 68% From Peak

Foreclosures Down 68% since September 2010!

Job market gains and home-price appreciation are helping to push serious delinquency and foreclosure rates lower.

Sellers Remain Hesitant to List Homes
09/08/2015
Sellers Remain Hesitant to List Homes

Sellers Remain Hesitant to List Homes

Consumers remain optimistic about the long-term prospects of the housing market, but home owners say they're hesitant to list their home for-sale, according to Berkshire Hathaway HomeServices' Homeowner Sentiment Survey. The most common obstacles cited by home owners for not yet listing their home are due to inventory concerns, including "waiting for the right opportunity" and "haven't found my ideal home yet."

Mortgage Rates Edge Higher, but slightly below last year!  It's a Great Time to Buy!
09/05/2015
Mortgage Rates Edged Higher This Week

Mortgage Rates Edge Higher, but slightly below last year! It's a Great Time to Buy!

Average fixed mortgage rates rose slightly this week, reacting to turmoil in the global economy.

How High Will Mortgage Rates Actually Climb?
08/22/2015
How High Will Mortgage Rates Actually Climb?

How High Will Mortgage Rates Actually Climb?

The lowest mortgage rates on record have been great draw for buyers during the last few years, but the Federal Reserve has already given plenty of signals that will soon come to an end. 

Mortgage Rates Begin to Nudge Higher
08/22/2015
Mortgage Rates Begin to Nudge Higher

Mortgage Rates Begin to Nudge Higher

"Headed into the fall, we'll likely see continued interest rate tension," according to Freddie Mac's chief economist. 

For the fifth consecutive week, the 30-year fixed-rate mortgage has averaged below 4 percent!
08/22/2015
30-Year Mortgage Rates Remain Below 4%

For the fifth consecutive week, the 30-year fixed-rate mortgage has averaged below 4 percent!

For the fifth consecutive week, the 30-year fixed-rate mortgage has averaged below 4 percent, as home buyers and refinancers rush to lock in low rates. "Housing markets have responded positively to low mortgage rates," says Sean Becketti, chief economist at Freddie Mac.

White House Creates Solar Initiative!
07/23/2015
White House Creates Solar Initiative

White House Creates Solar Initiative!

The White House announced a new partnership with the Department of Energy that increases the availability of solar power to low-income Americans.

07/08/2015

HOME NEWS;
2015 is a seller’s market. Listings sell fast. Inventory is low. Prices are rising. Multiple offers are back. In today’s market every listing is money in the bank.

We knew going in to 2015 we would rely greatly on the First-Time Home Buyers.  Thanks to affordability the market is pic...
06/23/2015
First-Time Buyers Fuel Latest Sales Boost

We knew going in to 2015 we would rely greatly on the First-Time Home Buyers. Thanks to affordability the market is picking up quickly. If you're thinking of buying or selling check out the market increase over the past 12 months. Great Article!

Existing-home sales rose in May to their highest pace in nearly six years, largely attributed to a big rise in the number of first-time home buyers.

Builders Upbeat From 'Committed Buyers'
06/19/2015
Builders Upbeat From 'Committed Buyers'

Builders Upbeat From 'Committed Buyers'

An index measuring builder confidence in the newly built, single-family market rose five points in June to the highest reading this year. It's also the highest average since September 2014, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

Check out Harford Co calendar of events!
06/06/2015

Check out Harford Co calendar of events!

So many great choices for Visiting Harford this weekend! Celtic Festival, First Fridays, Summer Concerts, Wizard of Oz, oh my! Get details for these and much more http://bit.ly/June5WeekendInHarford #VisitHarford What will you choose??

Market News from the National Association of Realtors.
12/13/2014
Retail Sales and Leasing

Market News from the National Association of Realtors.

Sales at retail and restaurants rose by 5.1 percent in November, its best showing in over a year. The boost is coming as spending at gasoline stations fell for the 6th straight month.

If you like Christmas Light Displays, check out these Homes in Harford County.
12/13/2014
Holiday light displays in Bel Air, MD

If you like Christmas Light Displays, check out these Homes in Harford County.

Here are a few locations that have have Christmas light displays worth seeing, according to Bel Air News & Views readers.

Happy Thanksgiving Everyone!
11/28/2014

Happy Thanksgiving Everyone!

From the Long & Foster family to yours, happy Thanksgiving!

Santa Claus is Coming to Long & Foster Realtors!
11/20/2014

Santa Claus is Coming to Long & Foster Realtors!

More Good News about Home Sales from (NAR) National Association of Realtors!
10/27/2014
Video: Home Sales Pace Rose in September

More Good News about Home Sales from (NAR) National Association of Realtors!

NAR Chief Economist Lawrence Yun talks about September Existing-Home Sales and predicts what will happen in the housing market in the next 1-2 years.

10/26/2014
Lowe's Home Improvement

Happy Halloween! Pumpkin carving idea... how can we get this to spin freely?

Use a cookie cutter and a hammer for perfect pumpkin carving! #lowesfixinsix #halloween

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3004 Emmorton Rd
Abingdon, MD
21009

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