County home sales fall 27% in August

BY KATIE ARCIERI , Staff Writer

Published 09/14/08

The Anne Arundel real estate slowdown dragged on in August, with the number of homes sold dropping 27 percent from this time last year.

But industry experts said the recent federal takeover of Freddie Mac and Fannie Mae could help to boost sales here, or at least stop them from falling.

The government’s move to save the mortgage companies from failure is “reassuring for everybody,” said Tom Quattlebaum, chief executive officer of the Anne Arundel County Association of Realtors. “But the activity is still depressed by uncertainty in the economy.”

The number of county homes sold in August was 433 down from 594 in August...

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Our Economy and Fuel - September 14, 2008

Just as gas prices start to fall slightly and we felt like there might be hope along comes Ike and causes them to spike to an all time high. Families everywhere are wondering where else they can cut back to cover the cost of fueling up the family vehicle to get back and forth to work and take care of the necessities of life. There is no money left for relaxation and family fun. The stress level continues to rise. Most areas of the country have seen a sharp rise in their electric bill as power companies pass their increased production costs on to consumers. The price of a gallon of milk is almost as precious as a gallon of gas. The cost of every consumer product has risen sharply. Americans are stretched to the limit. Jobs are being lost, foreclosures are increasing at an alarming rate. Seems even the family pets are suffering the high cost of fuel as almost daily a sad new story is on TV about shelters being forced to euthanize record number of surrendered pets from those forced out of their homes due to foreclosure or they simply can't afford to feed them anymore. The energy crisis in our country is far reaching and needs immediate attention. Our economy is in a sorry state of affairs directly related to the high cost of fuel. We have become so dependant on foreign oil that we have neglected to fully utilize such natural sources of energy such wind power & solar power. Along with modern technology such as plug in cars, hybrid cars, v2g technology ,and regenerative braking, technology we still seem to be floundering as a nation as to devising the best plan utilize all that is available to us and lift ourselves out of this mess we are in. We need to take our closest look at which candidates put our economy and energy crisis at the forefront of their agenda. The Manhattan Project of 2009 by Jeff Wilson pretty much says it all... www.themanhattanprojectof2009.com

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