• More down payment assistance in Prince George's County: what to do when Pathway to Purchase is out of funds,Charles C. Heyward, Jr.

    More down payment assistance in Prince George's County: what to do when Pathway to Purchase is out of funds

    A while back I wrote about Pathway to Purchase, the Prince George's County program that puts up to $50,000 toward a down payment and closing costs. Here is where it stands today. Pathway is out of money, and the county doesn't expect new funding until November at the earliest. Two other county progr

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  • Rate buydown or price cut? What saves buyers more?,Charles C. Heyward, Jr.

    Rate buydown or price cut? What saves buyers more?

    Rate buydown or price cut? What saves buyers more? The housing market in Prince George's County has shifted, and the negotiating power is moving from sellers to buyers. Across the DC area in August, there were 11% more homes for sale than a year ago, according to Bright MLS. Showings were down 7%, a

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  • Up to $50,000, and almost nobody claims it: Down payment assistance in Prince George's County,Charles C. Heyward, Jr.

    Up to $50,000, and almost nobody claims it: Down payment assistance in Prince George's County

    When somebody tells me they can't afford to buy a home, they're usually right about their situation and wrong about their options. The problem is almost always cash rather than income. Most people I talk to have already been preapproved, or they have a good sense of what they could carry every month

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