maryland – Page 23 – Jay's Real Estate Blog

Foreclosure sales remain major market segment in Maryland

Foreclosure sales remain major market segment in Maryland

Average discount is more than 40 percent

by C. Benjamin Ford, Staff Writer More News

About 23.5 percent of all homes sold in Maryland in the second quarter were in some stage of foreclosure, down from 30.6 percent in the first quarter but up from 17.6 percent in the prior-year quarter.

There were 3,866 foreclosure sales in the state in the second quarter, according to new data from RealtyTrac of Irvine, Calif.

More than one-third of those sales were in Prince George’s County, where 40.1 percent of all home sales involved a foreclosed property….

…Those prices varied wildly across the state, from an average county low of $62,099 in Garrett County to a high of $301,979 in Howard County.

More here.

Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!

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Earthquake felt across Maryland, but no injuries, major damage reported

THE ASSOCIATED PRESS

First Posted: August 23, 2011 – 3:55 pm

Last Updated: August 23, 2011 – 6:23 pm

BALTIMORE — Maryland officials say the earthquake was felt across the state, but no injuries or major damage are being reported.

Maryland Emergency Management Agency spokesman Ed McDonough says Tuesday’s 5.8 magnitude quake, which was centered in Virginia, was felt from Garrett County to Somerset County, but only a few serious incidents are being reported.

The Maryland Transportation Authority closed the Harry W. Nice Bridge temporarily, but all other tunnels and bridges remained open.

State police spokesman Greg Shipley says all special operations teams are on standby.

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Maryland Crime Rate Now Lowest Level Since 1975

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Aug. 18, 2011

Governor Martin O’Mal-ley announced yesterday that total crime in Maryland is at its lowest level since 1975. According to 2010 year-end crime data compiled by the Maryland State Police and submitted to the FBI for use in the national crime statistics report, total crime in Maryland was down 5.1 percent – its lowest level since modern crime tracking began in 1975.

Additionally, violent crime decreased 6 percent and property crime was down 4.9 percent. Currently both the violent crime and property crime rates (per 100,000 people) are the lowest ever on record in Maryland. Since 2006, total crime in Maryland has decreased 12 percent and violent crime has decreased 17 percent.

Among violent crimes, homicides dropped 3.2 percent in 2010, with 14 fewer people murdered last year in Maryland than during the year before. The data for 2010 also show reductions in robbery (-7.9%), aggravated assault (-5.6%), burglary (-0.6%), larceny/theft (-5.7%), and motor vehicle theft (-8.1%).

“The most important responsibilities we have in government are to create jobs and protect the public’s safety,” said Governor O’Malley. “Working together with state and local law enforcement, with our partners and neighbors in communities across Maryland, we have helped drive crime down to its lowest level in recorded history. As we continue to make our streets safer, we improve the quality of life for our residents and businesses.”

Sixteen jurisdictions reported reductions in total crime, with three reporting double-digit reductions between 2009 and 2010. Seventeen jurisdictions noted specific reductions in violent crime (murder, forcible rape, robbery, and aggravated assault), with eight reporting double-digit decreases. Fifteen jurisdictions noted specific reductions in property crime (breaking and entering, larceny/theft, and motor vehicle theft), with three jurisdictions reporting reductions of 10 percent or more.

The declines in crime come at a time when state and local law enforcement agencies are intensifying their use of technology and information sharing. As a result, more criminals are being taken off the streets of Maryland communities.

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Congressional districting dominates meeting talks

By Blair Ames
News-Post Staff

More of Montgomery County needs to be included in Maryland’s 6th Congressional District. That was the message conveyed by many of the 11 speakers during the second public hearing held Saturday by Gov. Martin O’Malley’s Redistricting Advisory Committee.

Held at Hood College’s Hodson Auditorium in Rosenstock Hall, it followed the first public hearing at Hancock High School in Washington County to solicit public comment on congressional and state legislative redistricting.

“Give us a fighting chance to win,” said Myrna Whitworth, chairwoman of the Frederick County Democratic Central Committee, during her remarks regarding congressional redistricting.

More here.

If you or someone you know is considering buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues! As member of the Garrett County Board of Realtors, I can assist you with ANY listed property, regardless of the listing broker.

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>New laws begin today

>SALISBURY — Dozens of new laws take effect in Maryland today, including measures that raise the sales tax on alcoholic beverages and hike the fees for vehicle titles and vanity license plates.

The laws are among thousands the General Assembly adopted during the 2011 session this winter. Most laws don’t become active until Oct. 1.

Also going into effect today are new rules for shipping wine directly to Maryland residents. Residents can now receive bottles by mail from permit-holding wineries across the country. The law stops short of allowing shipment to residents from retailers offering wine-of-the-month clubs.

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>Delegates send $14.6 billion budget to Senate

>Annie Linskey reports:

The House of Delegates voted Thursday to approve a $14.6 billion plan to fund day-to-day state government operations, over the vehement objections from Republicans who had pushed for deeper cuts and opposed new fees.

Delegates voted 97 to 42 to approve the budget, with one Republican joining the Democrats to support the plan.

The budget calls for Marylanders to pay higher fees at the Motor Vehicle Administration to register new vehicle titles or use vanity license plates. Fees for recording land transactions would also go up.

The budget doesn’t contain any new taxes — yet. The plan now goes to the Senate, where a key committee voted yesterday to raise the sales tax on alcohol from 6 percent to 9 percent, an increase that would be phased in over three years.

House Democratic leaders touted extensive behind-the-scenes work during the first ten weeks of the legislative session to rejigger spending within Democratic Gov. Martin O’Malley’s plan and restore $60 million in cuts to education. Their reworked plan would also give counties and cities some more money to fix roads.

Read the full article here.

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>Report: Red tape cost Maryland $19.5 billion

>Posted: 7:36 pm Thu, March 10, 2011
By Ben Mook
Daily Record Business Writer

Red tape and not-in-my-backyard activism were called out Thursday as major impediments to six stalled and troubled energy projects in Maryland that could have had a $19.5 billion economic impact on the state if they had moved forward.

The findings were part of a report released by the U.S. Chamber of Commerce called “Project Denied” that looked at the economic impact of stalled energy projects nationwide.

“This study should serve as a wake-up call for legislative action to improve the permitting process,” said William Kovacs, the group’s senior vice president of environment, technology and regulatory affairs.

The study was conducted by TeleNomic Research and was authored by Steve Pociask, president of the American Consumer Institute, and Joseph Fuhr, professor of economics at Widener University and senior fellow at the American Consumer Institute. The study looked at stalled or dropped power projects across the country that have been affected by problems ranging from financing and permitting hold-ups to citizen activism.

Read the full article here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

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Increase in alcohol tax would save millions of dollars

Since Maryland’s tax on beer and wine has not been increased since 1972 and the tax on spirits has not been increased since 1955, Barry Rascovar was absolutely right in his column (“Tough budget cuts could make O’Malley a national player,” Nov. 26) in describing an increase in our state’s alcohol tax as “long overdue.”

According to a study by professors David Jernigan and Hugh Waters of the Johns Hopkins Bloomberg School of Public Health, the dime-a-drink increase in the Maryland alcohol tax that we and a broad coalition of Marylanders are proposing as the Lorraine Sheehan legislation in the 2011 session would save many lives from alcohol abuse and hundreds of millions of dollars in health care costs.

Approximately 100,000 of these new enrollees were children who have been eligible for years but were not enrolled, and we commend the O’Malley-Brown administration and, particularly, Secretary of Health John Colmers for doing all they could to make sure that as many of Maryland’s children as possible have the health care they need.

Others are parents like Crystal Moon of Garrett County, whose doctor told her she would have been killed by an illness that her new state health care card helped to prevent. You can see other stories like Ms. Moon’s of how the new health care law helped people at www.healthcareforall.com

Read the full article here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Maryland coast opened to offshore wind development

By TIMOTHY B. WHEELER
The Baltimore Sun
Related:
http://www.baltimoresun.com/

The federal government on Monday invited bids from wind power developers to place turbines off Maryland’s coast, taking the first step toward what could be the nation’s largest offshore commercial wind project to date.

The Department of Interior identified a 277 nautical-square-mile area off the state’s 31-mile coast for possible leasing, largely accepting the recommendations of a state task force that has been studying offshore wind prospects since early last year. The nearest to shore turbines could be placed would be 10 nautical miles off Ocean City, Md., and 20 nautical miles off Assateague National Seashore.

The announcement by the Bureau of Ocean Energy Management, Regulation and Enforcement was hailed by Gov. Martin O’Malley, who has made developing offshore wind a centerpiece of his administration’s energy policy. His administration has proposed developing one gigawatt of electricity-generating capacity off Maryland’s coast, erecting more than 300 commercial turbines in phases.

O’Malley issued a statement calling the federal move “another step forward for Maryland’s new economy.” His administration has said developing one gigawatt of power offshore could support 4,000 manufacturing and construction jobs, plus 800 permanent jobs to operate and maintain the turbines and related infrastructure.

Read more: http://www.kansascity.com/2010/11/08/2408720/maryland-coast-opened-to-offshore.html#ixzz14zKVQDhL

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Maryland board OKs purchase of six medevac helicopters

$72 million contract will help replace aging fleet
BRIAN WITTE
Associated Press Thu Oct 21, 2010, 07:49 AM EDT

— ANNAPOLIS — Maryland officials approved a $72 million contract Wednesday to buy six medevac helicopters to replace an aging fleet for the state’s renowned emergency response program, a need highlighted by a helicopter crash two years ago that killed four people.

The Maryland Board of Public Works — which includes Gov. Martin O’Malley, Treasurer Nancy Kopp and Comptroller Peter Franchot — voted 3-0 to approve the contract with Agusta Aerospace Corp. The contract includes an option to buy up to six additional helicopters between July 2011 and July 2013.

Despite the expense during tough economic times, O’Malley said the investment was crucial to preserve an important public safety initiative, which was established in 1970 as the first civilian agency to transport critically injured trauma patients.

Read the rest here.

If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350

Category: maryland

Foreclosure sales remain major market segment in Maryland

Earthquake felt across Maryland, but no injuries, major damage reported

Maryland Crime Rate Now Lowest Level Since 1975

Congressional districting dominates meeting talks

>New laws begin today

>Delegates send $14.6 billion budget to Senate

>Report: Red tape cost Maryland $19.5 billion

Increase in alcohol tax would save millions of dollars

Maryland coast opened to offshore wind development

Maryland board OKs purchase of six medevac helicopters

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