http://www.ilovedeepcreek.com/blog/index.php/site/index/ Deep Creek Lake Real Estate Information, News & Happenings en DeepCreekLaker@Gmail.com Copyright 2010 2010-07-28T12:05:01-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/whats_happening_in_garrett_county_community_calendar/ http://www.ilovedeepcreek.com/blog/index.php/site/whats_happening_in_garrett_county_community_calendar/#When:12:05:01Z There’s always some fun stuff happening in Garrett County: Mountain Fresh Farmers Market - Oakland Mountain Fresh Farmers Markets Join us in downtown Oakland for a homegrown farmers market including fresh produce, baked goods, jams & jellies, crafts, personal care items, goat cheeses, and more! Wednesdays & Saturdays 10 am to 1 pm Jul 28th Starts at 10:00 am , Lasts 3 Hours Jul 31st Starts at 10:00 am , Lasts 3 Hours __________ Pocket Park Movie Town of Oakland 07/29/2010 July 29th the movie is Secondhand Lions. Starts at 8:30. Admission is free, sponsored by Rudy’s Clothing. Bring your own chair & blankets, popcorn & beverages are available for sale. __________ Little Yough Summer Music Festival Town of Oakland 06/18/2010 7 pm, Oakland Town Parking Lot/ Mountain Fresh Farmers Market. Bring a lawn chair and listen to the tunes! July 30 The Hillbilly Gypsies __________ Fred Thayer Memorial Golf Tournament Town of Oakland 07/30/2010 Thousand Acres Lakeside Golf Club. A portion of the proceeds benefit the Fred Thayer scholarship Fund. For more info http://www.highlandfest.info/ __________ Annual Summer Luau Honi-Honi 07/31/2010 Honi-Honi Bar, Starting at 1 pm. Enjoy the best of summer on Deep Creek Lake with a classic pig roast and a one-of-a-kind “Battle of the Bands” competition from 12-6 pm featuring Boathouse and Time Flies. http://www.honi-honi.com/, 301.387.9100. __________ Music at Penn Alps Concert Series Penn Alps Restaurant & Craft Shop Ten concerts will be presented at MPA’s regular venue at Penn Alps, Grantsville, and two concerts at Windsor Hall in Cumberland. All concerts begin at 7:30 PM on Saturday evenings. Event Website: http://www.musicatpennalps.org Jul 31st __________ Family LEGO SuGO Event Tourism Events GEARS Center in Accident, 1-4 pm. Come design, create, and build a LEGO robot that will push your opponent off the SuGO ring. All ages are welcome. Younger youth are welcome to come build with the LEGO WeDo’s. The G-FORCE FTC team also demonstrates their robot. Check it out at http://sugo.gearsinc.org to pre-register for the event. Aug 1st __________ Barn Quilt Festival Tourism Events 08/01/2010 Cove Run Farms Corn Maze, located along Griffith Road, Accident, 12:30 - 4:00 pm. Included in the day’s events will be arts and crafts vendors displaying and selling their wares, a brown bag auction, recognition of current barn quilt owners and sponsors, live auction of barn & quilt themed items, and live music. Children’s games and a coloring contest will also take place. And the unveiling and dedication of a new barn quilt block! www.GarrettBarnQuilts.org If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Community Calendar 2010-07-28T12:05:01-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/mud_dead_fish_replace_lake_after_iowa_dam_break/ http://www.ilovedeepcreek.com/blog/index.php/site/mud_dead_fish_replace_lake_after_iowa_dam_break/#When:12:03:01Z This story struck me when I read it. This lake was 9 miles in length (Deep Creek Lake is 7 miles) and both lakes were built in the mid 1920’s for hydro-electric power. Deep Creek is not fed by one main river, but many small streams. Still, the story is captivating to read: By MICHAEL J. CRUMB, Associated Press Writer Mon Jul 26, 5:33 pm ET DES MOINES, Iowa – Acres of mud strewn with dead fish greeted hundreds of eastern Iowa residents Monday after a weekend dam break left their lakefront properties overlooking little more than a small stream. The Lake Delhi dam in Delaware County gave way under the rapidly rising Maquoketa River on Saturday, decimating the nine-mile-long lake and adjacent property values. “The water’s gone, dead fish are laying there on the bottom — it’s a pretty nasty looking scene,” said Irv Janey of Marion, who owns a condominium on Lake Delhi. “It was a beautiful recreation area and to see it drained, it just makes you sick.” Heavy rains last week forced the river to unprecedented levels, causing earthen portions of the dam to collapse and sending a torrent of water rushing downstream. The concrete section of the dam remained intact, but the swollen river damaged about half the 1,000 homes and cabins above it. The lake quickly emptied… Read the rest here. If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Local News 2010-07-28T12:03:01-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/jumbo_loan_rates_for_vacation_homes_significantly_lower_railey_blog/ http://www.ilovedeepcreek.com/blog/index.php/site/jumbo_loan_rates_for_vacation_homes_significantly_lower_railey_blog/#When:19:35:00Z By: Mike Kennedy July 20th, 2010 Category: Deep Creek Lake Buyer Info, Interest Rates and Loans, Obtaining a Mortgage The overall interest rate environment for buyers looking to finance a real estate purchase in the Deep Creek Lake second home resort market continues to improve as Jumbo Loan Rates have recently decreased as well. Current Jumbo Loan rates for loans over $417,000 are now in the the 5.25%-5.375% range. These rates are the lowest we’ve experienced since 2003 and may not last long! Last year at this time Jumbo Rates were on average about 1.00%-1.50% higher. The down payment requirement for a second home loan between $417,000-$650,000 is 20%. Loan amounts between $650,000-$1,000,000 requires 25% down and any loan amount over $1,000,000 requires 35% down. Lower Jumbo Rates can have significant benefits for a vacation home buyer. First, the monthly payment is much lower resulting in substantial savings over the life of the loan. Secondly, it also allows a buyer to have more purchasing power allowing for other alternatives that may be more desirable to them. For example, last year at this time someone borrowing $480,000 at 6.5% for a $600,000 Deep Creek Lake home would have a monthly payment around $3,034. Right now with the lower Jumbo Rates, the payment on the same loan would be approximately $2,650 a month - or a savings of about $138,240 over the life of the loan. In addition, if the same buyer decided to purchase something a little more expensive now - they could borrow approximately $550,000 - or $70,000 more - with the same monthly payment as last year at this time. This allows a buyer to consider other options that may be more desirable to them. In this market it could mean the difference between buying a lakefront house versus another type of setting. Or it could mean the difference between purchasing a bigger house with more features regardless of the setting. These lower rates may not last long. This is a great opportunity to save a significant amount of money or to increase your purchasing power. If you are buying or selling Deep Creek Lake real estate contact us. We can be your trusted advisor and guide you through the entire process. Visit my ’Mortgage‘ page for more information on vacation or second home loans at Deep Creek Lake. If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Real Estate, Buyer Information 2010-07-27T19:35:00-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/lunch_at_black_bear_tavern_with_the_weavers/ http://www.ilovedeepcreek.com/blog/index.php/site/lunch_at_black_bear_tavern_with_the_weavers/#When:19:35:00Z I just had a very enjoyable lunch at the Black Bear Tavern. I met with some past clients, Mark & Lori Weaver, and their son & daughter, Robbie & Jamieson. Great lunch (the Reuben and even better company. It’s amazing how quickly kids grow up...it’s been 7 years now that they have owned at Deep Creek Lake and they LOVE it! They have a rental home, Eagles Landing, on Stockslager Rd. It’s an awesome house with a lot of privacy if you’re in the market for a vacation rental… If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Vacation Rentals 2010-07-27T19:35:00-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/foggy_morning_on_4th_street_in_oakland/ http://www.ilovedeepcreek.com/blog/index.php/site/foggy_morning_on_4th_street_in_oakland/#When:19:17:00Z Not too long ago, I took this amazing photo of the fog lifting with the sun starting to peek through near the hospital on 4th street...anyway, I found it today and I wanted to share. If you have photos or stories, I’d love to share them! Check out the Facebook Group ‘I Love Deep Creek Lake & Garrett County’ or email me your photos/area stories here. If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Photo Gallery 2010-07-27T19:17:00-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/lake_view_detached_condo_for_sale_roman_ridge_at_traders_landing/ http://www.ilovedeepcreek.com/blog/index.php/site/lake_view_detached_condo_for_sale_roman_ridge_at_traders_landing/#When:16:53:01Z This is arguably the largest unit available in the Traders Landing & Roman Ridge community. Over 3,100 square feet with large lake views, 4 master suites and lots of living area to enjoy. AND, you can walk to Traders Coffee House for coffee & breakfast in the morning More from the listing: Enjoy the comfort & privacy of a single family home with this 4BR, 4+BA, detached vacation home! Let the condo assoc. do the dirty work while you RELAX in over 3100 s/f of prime living space. Wide views of the lake from every room, 4 master suites (views!), custom rec room with billiards, eat-in kitchen, expansive deck, hot tub, reading loft and more! Leased boat slips & owner financing available. 55 JEFFREY LN #2 OAKLAND, MD 21550 $439,000 GA7267793 If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Real Estate, Properties for Sale 2010-07-27T16:53:01-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/june_existing_home_sales_drop_51/ http://www.ilovedeepcreek.com/blog/index.php/site/june_existing_home_sales_drop_51/#When:15:21:00Z By Tom Granahan FOXBusiness The economy got a rare dose of good news Thursday morning in the form of home sales that came in better than what economists were expecting. The National Association of Realtors said existing home sales—completed deals on single-family, townhomes, condos and co-ops—came in at a seasonally adjusted annual rate of 5.37 million June, versus the 5.2 million that was estimated. While the latest number represents a decline of 5.1% from May, and is a three-month low, it is 9.8% higher than the year-ago level of 4.89 million sales. “June home sales still reflect a tax credit impact with some sales not closed due to delays, which will show up in the next two months,” said Lawrence Yun, the NAR’s chief economist, referring to the government’s homebuyer tax credit that expired at the end of April . “Broadly speaking, sales closed after the home buyer tax credit will be significantly lower compared to the credit-induced spring surge. Only when jobs are created at a sufficient pace will home sales return to sustainable healthy levels.” Analysts agree that a sustainable pick up in the housing market is largely dependent on the jobs market getting much healthier. Despite record-low rates on home mortgages, would-be buyers are either unable to afford a home because they can’t find work, or are reluctant to buy because of their uncertain job status. Read the rest here. If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Real Estate, Market Update 2010-07-26T15:21:00-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/nasty_storm_slams_county_flips_a_building_with_man_inside_at_sunset_beach/ http://www.ilovedeepcreek.com/blog/index.php/site/nasty_storm_slams_county_flips_a_building_with_man_inside_at_sunset_beach/#When:15:20:00Z Monday, July 26, 2010 6:55 AM (Source: The Dominion Post (Morgantown, W.Va.))By Evelyn Ryan, The Dominion Post, Morgantown, W.Va. July 26--The storm front responsible for the heat advisory Friday and Saturday slammed through the Morgantown area shortly after noon Sunday, leaving temperatures in the mid-70s behind. Winds gusting up to 20 mph felled trees, downed power lines and, at Sunset Beach, relocated a building onto a truck. Things are i m p roving weatherwise—at least for this week, AccuWeather Meteorologist Justin Povick said Sunday. “For the next week, it looks like you will get a break from the intense heat and humidity,” he said. “The temperatures through midweek will be closer to normal, with humidity on the low side [today] and Tuesday. Highs will range from 84-87.” Another storm system is projected to move through this area Thursday, leaving temperatures around 80 degrees for Friday and Saturday. Sunday’s storm dropped a half inch of rain in just 20-30 minutes, he said. Brad Burns, an employee of Sunset Beach Marina, was in the wrong place at the wrong time when the storm arrived Sunday. He was working at the marina when the high winds accompanying the storm swirled through the Cheat Lake area shortly after noon. “I was standing on the back of a boat when it hit,” he said. “It picked me up and threw me into the front of the boat. I looked up just in time to see the building flip over and land on my truck.” Marina Owner Barry Frey added, “One of my workers was in the shed. It turned over right around him. Sometimes you have to give God credit—thankfully, no one was hurt.” Lack of the building won’t keep the marina from operating, he said, but it is a loss to the business. Emergency crews weren’t needed at the lake. Cheat Lake Volunteer Fire Department Lt. Bernie Murray said they were called out, but the call was canceled as they were starting out. “The wind came up the lake and flipped the building,” he said. The quick-moving storm was accompanied by a tornado warning for northeastern Monongalia and Preston counties, Fayette County, Pa., and Garrett County, Md., Povick said. The warning ran from 12:30-1 p.m. Widespread wind damage was reported from Hazelton to Friendsville, Md., with many reports of damaging winds gusting at an estimated 55-65 mph right along the Interstate 68 corridor, he said. Read the rest here. If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Local News 2010-07-26T15:20:00-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/garrett_group_hopes_to_show_negative_effects_of_consolidation/ http://www.ilovedeepcreek.com/blog/index.php/site/garrett_group_hopes_to_show_negative_effects_of_consolidation/#When:15:20:00Z Kitzmiller councilman says keeping school top priority Megan Miller Cumberland Times-News — KITZMILLER — While the Garrett County school board prepares to discuss closing elementary schools, a group of county residents is working to show what losing those schools could mean for their communities. Parents, municipal officials and other concerned residents from areas like Crellin, Bloomington and Kitzmiller are organizing into a coalition called the Small Rural School Focus Group, to advocate for keeping all existing elementary schools in Garrett County. “My biggest concern is about the communities,” said Angie Paugh, a Kitzmiller resident and mother of four with two children currently enrolled at Kitzmiller Elementary. “This is where my kids play after school. This is where they’re involved in sports. This is where we live. The whole town is really going to go if the school goes.” The group held its first official meeting July 12, and is in the process of developing research and ways of sharing information with officials and the public on small rural schools in the educational system. “We really, in Kitzmiller, see it a lot as a community development and revitalization issue,” said Matthew Paugh, a Kitzmiller town councilman not related to Angie Paugh. He pointed out that the town’s 2004 strategic plan called retaining the school its most important priority “by far.” Paugh said the school is not only a place for educating children, but also a lifelong learning facility for the community. But for that to work, Garrett County’s school system must continue to maintain it. “The town really doesn’t have the economic resources to pull that off alone, without having something else in that building,” he said. Angie Paugh said the group’s aim is not to launch a negative campaign against the school system’s board, administrators or other employees. Instead, it will highlight what members believe is the crucial role of small rural schools, and will present the board with alternatives to consolidation. “Research demonstrates that small neighborhood schools reduce the achievement gap, provide better education and bridge socioeconomic differences,” the group stated in a news release. “These schools serve as anchors for their communities.” School officials have attributed the consolidation discussion partly to a budget crunch caused by major state funding reductions. The cuts include funds lost because of decreasing student enrollment and because of changes in the way the state calculates aid per pupil. The board is expected to discuss a timeframe for considering consolidation in its August meeting. A decision on the issue was expected in December. But by law, the board would have until as late as April 2011 to vote on any school closures that would go into effect in the following academic year. If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Local News 2010-07-26T15:20:00-05:00 http://www.ilovedeepcreek.com/blog/index.php/site/new_home_sales_jump_in_june_pace_remains_slow/ http://www.ilovedeepcreek.com/blog/index.php/site/new_home_sales_jump_in_june_pace_remains_slow/#When:15:19:02Z Published July 26, 2010 Associated Press WASHINGTON—Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000. May’s number was revised downward to a rate of 267,000, the slowest pace on records dating back to 1963. Sales for April and March were also revised downward. The housing market had boomed earlier in the year on the strength of federal tax credits. Since they have expired, the number of people looking to buy has dropped even with the lowest mortgage rates in decades. Despite the month’s increase, sales are still down 72 percent from their peak annual rate of 1.39 million in July 2005. New homes sales made up about 7 percent of the housing market last year. That’s down from about 15 percent before the bust. Weak sales mean fewer jobs in the construction industry, which normally power economic recoveries. Read the rest here. If you are thinking of buying or selling real estate in Garrett County or Deep Creek Lake, Maryland, call Jay Ferguson of Railey Realty for all of your real estate needs! 877-563-5350 Deep Creek Lake Info, Business Directories, Classified Ads, Events & more! Advertise on http://www.deepcreekalive.com/! Real Estate, Market Update 2010-07-26T15:19:02-05:00