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Judy London Murray (Cummings & Co. Realtors) Real Estate Agent

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Judy London Murray
location_on Baltimore, MD — Cummings & Co. Realtors
Get to Know Judy London Murray

Hi All

Buyers and sellers alike, may be feeling a little more optomistic about the real estate market than they have in the recent past.    Between May 2011-May 2012, median home sales prices in the Baltimore Metropolitan Area increased 7%, and real estate agents report receiving multiple offers on non-distressed properties in move-in condition.  Active listing inventory is down 25% from a year ago, as many Sellers are upside down in their mortgages, and/or prefer to wait for prices to rebound. 

Sellers unable to sell, may be able to chip away at their mortgage by refinancing at today's low interest rates.  I am in the process of doing this myself and have been quoated an interest rate below 4% for a 20 year mortgage. Yeah!  Buyers, with good credit, are jumping to the market to take advantage of the low rates.  As foreclosures increased demand for rental housing, rents have risen in many neighborhoods and Buyers are finding the cost of a mortgage payment to be less than rent.

There is another wave of foreclosure expected to hit the market toward the end of the year.  However, efforts to streamline the short sale process, flexible refinancing options and other programs under consideration by lenders and government officials may help reduce the market impact.  Let's cross our fingers.

Certifications

I am a Baltimore native and have 30 years of experience in real estate related positions, as both real estate broker in Maryland and Florida, and  as a housing and economic development professional, working for State and Local government.  I earned a Certified Distressed Property Expert (CDPE) designation following specialized short sale training. Over the past three years, I have sold REO property and completed many Broker Price Opinions.  This certification enables me to assist Buyers and Sellers in the navigating the short sale process.

I am an active member of Maryland Association of Realtors, the Greater Baltimore Board of Realtors, the National Association of Realtors.   I have a MBA in Finance from Loyola College and a Masters Degree in Regional Planning from Cornell University.

I look forward to serving you to help you realize your real estate goals.   

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Broker Associate, Certified Distressed Property Expert (CDPE), MBA. Short Sales, real estate consulting and Broker Price Opinions.