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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
May 01, 1993
Page
21
U S government reports new home sales up 48 percent in March to 637000, offsetting declines in the Northeast and South from mid-month blizzard. Midwest and West rise. mortgage rates eased to 7.5 percent. Median new home price dips to 195000, supply at 5.1 months.
The National Association of Realtors reports March resales down 4 percent from March 1992 due to weather but predicts a strong spring and summer. Rates at 7.5 percent help sales, with 731,000 homes sold in Q1 1993, and total 1993 resales seen at 3.66 million, up 3.9 percent. Regional results vary with declines in the Northeast South and West.
A list of Frederick County transfers includes Ausherman Development Corp to James W. and Janice L. Davies at 2410 Ellsworth Way Unit 2B for 89298, Rundale/Cool Road Investors to Norman E. Fritz IV for 70000, Walter A. and Jean W. Martz to Wittinburg LLC in Tuscarora for 220000, and multiple other parcels. Transactions involve buyers and sellers such as M.J. Sponseller Inc, Nickey G. Harner, The Ryland Group Inc, Monocacy Management Co, Westwinds Limited Partnership, and Castle Homes Ltd among various Frederick area addresses and totals ranging from about 66,000 to 361,145.97.
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