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Maryland economy wins big with Clean Energy Jobs Act

The Maryland General Assembly voted today to override Gov. Hogan’s veto and restore the Clean Energy Jobs Act. American Wind Energy Association (AWEA) CEO Tom Kiernan hailed the override

AWEA statement on Maryland Clean Energy Jobs Act veto override

Senator Brian Feldman and Delegate Bill Frick, sponsors of the Maryland Clean Energy Jobs Act, joined with other state lawmakers, business leaders, and advocates, calling for a veto override today at the Maryland State House. American Wind Energy Association (AWEA) CEO Tom Kiernan, representing 1,000 member companies that manufacture, construct, and operate wind turbines in America, signaled his support for the override

WSSC Monitoring Plume of a Substance Floating Down Potomac River

WSSC, along with other water agencies in the area, is monitoring a plume of an unidentified substance that is floating down the Potomac River. WSSC’s Potomac Water Filtration Plant has an intake along the river’s shoreline where it draws in raw water for treatment. At this point, WSSC does not expect any impact to its ability to meet customer demand, nor does it expect any adverse impact to its drinking water quality

OCTOBER MARYLAND HOME SALES MODEST

Residential home sales remain steady in October, with a 2.2 percent increase in market activity, according to the Maryland Association of REALTORS® (MAR).  Home prices showed strong gains, with a rise of 7.5 percent in average prices and a gain of 7.3 percent for median price, as compared to the same time period in 2016

MHP Issues Final Assistance Checks to Victims of Flower Branch Apartments Fire

Montgomery Housing Partnership (MHP) is pleased to announce that today we have issued the final assistance checks to the victims of the Long Branch Fire. Checks totaling about $320,000 are being distributed to the 61 families displaced by the tragic event as the last step in the emergency relief provided by MHP

SALES STAY STRONG IN SEPTEMBER

The month of September revealed continued steady sales with a 6.3 percent rise in home sales, according to the Maryland Association of REALTORS® (MAR).  Once again, the smaller rural counties posted declines while the more populated areas had strong sales. Average and median prices made modest gains statewide, with increases of 0.2 and 3.8 percent respectively, as compared to September 2015.

Maryland Office of the Commissioner of Financial Regulation Receives Accreditation of Mortgage Supervision Program

The Maryland Office of the Commissioner of Financial Regulation (the Office or OCFR), The Conference of State Bank Supervisors (CSBS), and the American Association of Residential Mortgage Regulators (AARMR) announced today that the OCFR has received CSBS/AARMR Mortgage Accreditation. This accreditation certifies that the Office maintains the highest standards in mortgage supervision. Gordon Cooley has been serving the State of Maryland as the Commissioner of the Office of Financial Regulation for two years

United States District Court in Maryland Grants Motion to Dismiss

MERSCORP Holdings, Inc. today announced that the United States District Court for the District of Maryland granted Mortgage Electronic Registration Systems, Inc’s (“MERS”) motion to dismiss a complaint that the court noted was “difficult to decipher” and a “variation on a form complaint circulated on the internet.”

STRONG SALES RESUME IN SEPTEMBER 2016

In a strong turnaround from the previous month, there was a 12.1 percent surge in home sales in August, according to the Maryland Association of REALTORS®, (MAR).  While there were declines in smaller rural markets, overall most counties had strong sales activity. Leading the pack was Frederick County with a 28.3 percent increase, followed by Charles County at 27.6 percent and Calvert County at 25 percent. Average price rose by 2.5 percent and median price climbed by 4.1 percent as compared to the same time period in 2015

STEADY MARKET CONTINUES IN MAY 2016

WASHINGTON, D.C. - (RealEstateRama) -- Home sales remain strong with a 15.6 percent increase statewide from May 2015, according to the Maryland Association of...

WSSC Earns ASCE Project of the Year Award

WSSC’s Bi-County Water Tunnel Project has been selected as Project of the Year by American Society of Civil Engineers’ (ASCE) National Capital Section. The ten-year project culminated when the pipeline went into service in March 2015 and was constructed to meet the future water requirements for both Montgomery and Prince George’s counties resulting from economic development and growth

AWEA: Marylanders deserve to get the benefits of renewable energy despite Gov. Hogan’s veto

In a disappointing decision for Maryland consumers, Gov. Larry Hogan today vetoed legislation that would move the Maryland’s renewable portfolio standard (RPS) to obtain 25 percent of the state’s electricity from renewable sources within four years. The bill earlier passed with a veto-proof majority in both the state Senate and House, meaning the bill will come back for an override vote in early 2017

April Housing Stats for DC and Montgomery County

GCAAR is pleased to update its market information through a partnership with ShowingTime RealEstate Business Intelligence (RBI). Monthly analysis of theWashington, DC and Montgomery County, MD housing markets gets more detailed attention here, while GCAAR continues to be your source for ear-to-the-ground reporting from our REALTOR® members. 

Wind industry applauds Maryland’s move toward 25 percent renewable energy by 2020

American wind power hailed the Maryland Legislature’s historic move to obtain 25 percent of its electricity from renewable sources within four years, and is prepared to do its part to meet the standard if it becomes law. Both the state Senate and House have now passed SB 921, the Clean Energy Jobs Act. It now goes to Maryland Gov. Larry Hogan for his signature.

HOME SALES JUMP IN FEBRUARY 2016

Home sales increased by more than 21 percent in February, according to the Maryland Association of REALTORS®, (MAR).  All but two Maryland counties posted double digit and, in one case, triple digit increases in sales as compared to the same time period in 2015. Caroline County posted a modest 3.7% gain. Worcester County recorded a 12.9 decrease in sales.  Average prices saw a modest increase of 2.5 percent and median prices rose by 1.5 percent as compared to February 2015.

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Federal, State and Local Housing Officials Celebrate Opening of Senior Rental...

Montgomery County Executive Isiah Leggett today took part in the ribbon cutting ceremony for The Bonifant at Silver Spring, a mixed-income 11-story apartment building with 149 units for seniors age 62 or older

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Cardin Statement on Deadline Extension for GSA to Report to Congress...

U.S. Senator Ben Cardin (D-Md.), ranking member of the Environment and Public Works (EPW) Transportation and Infrastructure Subcommittee, released the following statement in response to the letter from U.S. Senator John Barrasso (R-WY), chairman of the Senate EPW Committee, and Senator Tom Carper (D-DE), ranking member of the EPW Committee, to General Services Administration (GSA) Public Building Service Commissioner Dan Matthews regarding the Federal Bureau of Investigation (FBI) headquarters.