News & Media

Archive: May `15
Over 100 local REALTORS® sign letters to oppose Somerset property tax increase
May 26, 2015
Princess Anne, Md. – The Coastal Association of REALTORS® (CAR) – which serves REALTOR® members in Somerset, Wicomico, and Worcester counties – submitted over 100 signed letters to the Somerset County Commissioners today in opposition of the 13.1 percent property tax increase proposed for Fiscal Year 2016.
 
“Too often, government bodies turn to the real estate industry to address their budgetary shortfalls,” said Vicki Harmon, president of the CAR board of directors. “In Somerset County, they’re turning to an industry that’s already struggling.”
 
According to CAR’s local housing statistics derived from the Multiple Listing Service, only 176 residential properties were sold by CAR members in Somerset County in 2014, compared to 928 in Wicomico and 1,759 in Worcester. CAR members believe that an increased property tax rate, on top of increased flood insurance rates coming later this year...
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Local REALTORS® donate to 1st Saturday
May 11, 2015
Berlin, Md. – The proceeds from a 50/50 raffle held during the Coastal Association of REALTORS® (CAR) April Business Card Exchange were donated recently to 1st Saturday.
 
(From left) Lynn Henley and Devin Holland of Real Estate Title & Escrow, Sarah Rayne of 1st Saturday, and Chris Short and Mike Ciorrocco of Universal Mortgage and Finance. 
 
The monthly Business Card Exchange, held in April at Evolution Craft Brewing Company in Salisbury, is an opportunity for members of the association to network and raise money for a local worthy cause. Each event is sponsored by affiliate members of the association. April’s event was sponsored by Real Estate Title & Escrow and Universal Mortgage & Finance.
 
“We recognize that a...
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McGowan graduates from MAR Leadership Academy
May 11, 2015
Annapolis, Md. – Terrence McGowan, a REALTOR® with Berkshire Hathaway Home Services PenFed Realty in Ocean City and a member of the Coastal Association of REALTORS® (CAR) board of directors, was one of 16 graduates from the Maryland Association of REALTORS® (MAR) 15th annual Leadership Academy honored at ceremonies held in Annapolis.
 
The MAR Leadership Academy was formed by REALTORS® who understand the important role they play in their community and the need to enhance the leadership skills, knowledge, and competencies of fellow REALTORS® interested in making a difference in their personal lives and in their communities.
 
CAR, one of 16 local REALTOR® boards/associations in Maryland, is a strong advocate and recognizes the importance of this program to the association’s future.
 
The MAR Leadership Academy offers an intensive...
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Local REALTORS® gear up for the busy season
May 1, 2015
Berlin, Md. – A marked increase in pending sales throughout April on the Lower Shore indicates a strong busy season for the local real estate industry.
 
                          
 
According to the latest figures from the Coastal Association of REALTORS® (CAR) – which represents the activity of more than 1,000 REALTOR® members in Somerset, Wicomico, and Worcester counties – contracts, or pending sales, on the Lower Shore increased in April by 28.8 percent compared to the same time last year. The more notable increases were in Wicomico County, where single family home contracts increased by 45.5 percent and condominium contracts increased by 50 percent.
 
Settlement numbers were largely down in April on the Lower Shore, with the exception of a 1.5...
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