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Last Updated:
March 09, 2010

Maryland Real Estate

ALERT!

Two important deadlines are on the horizon: the Fed will stop buying Mortgage Backed Securities at the end of March (which means home loan rates may soon be on the rise), and the Homebuyer's Tax Credit is due to expire on April 30. If you or any of your friends, family members, neighbors or colleagues want to learn more about how you can benefit from the current situation, give us a call or email – we would be happy to explain more about the opportunity at hand.

Contentious Steamboat Referendum To Be Decided Tonight

While towns across resort communities are busy this week taking a first look at city and town council candidates for the April elections, the City of Steamboat is preparing to count the mail-in ballots of perhaps one of the most contentious issues in decades in the city. The issue at hand is whether to approve a planned development, called Steamboat 700, and let it move ahead with construction. The city council approved the project last fall, but agreed the issue should go to the voters if enough signatures could be obtained for a ballot initiative to go to the voters. The signatures were received, and the fall and winter have been spent with heated debates over growth in Steamboat. Some want the development, which is set to include 2,000 homes and 380,000 square feet of commercial space, over a 20- to 30-year time frame for development, on a 487-acre site just west of current city limits. Others argue against because of high property taxes, traffic mitigation problems, water issues and affordable housing requirements. Mail in ballots must be received by tomorrow afternoon to be included in the official county. City officials have said the counting won't begin until Tuesday evening.

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