Baltimore homes are in high demand according to a new report out at the end of July 2016. The Demand Index is a report run by a company called Redfin, and it found that Baltimore home interest is up 20% over June of last year. This apparently includes a 39% increase in requests for showings [...]
Baltimore home prices may be too steep for some buyers, according to an article in the Baltimore Business Journal, citing multiple sources. Over the last year, Baltimore real estate inventory has been low, so prices in some areas have risen. The Baltimore Business Journal reports that a Credit Suisse market survey shows that September market activity [...]
Baltimore home prices are up, but NOT as high as the National average. I actually had someone the other day say something to the effect of, "I just saw that prices are up about 12%, so I think we can get more for my house." I hadn't seen that article yet, but then an article [...]
Baltimore new home construction was up 40% over 2010, which economists often see as a sign of a housing market recovery. According to an article in the Baltimore Business Journal, the Greater Baltimore region jumped 40%, while the more local Baltimore-Towson region rose 6%. The December 2011 data for contracts for future residential construction rising [...]
A recently released report shows that 24% of mortgages in Baltimore are underwater. A mortgage that is underwater means that the value of the house is less than what is owed to the mortgage company by the homeowners. The national average of homes underwater is 27%, so Baltimore homeowners are faring a little better than [...]
In a recent study of the 50 largest metro areas, Baltimore ranked 19th in high stress levels. The data was analyzed by Portfolio.com, which is part of bizjournals, such as the Baltimore Business Journal online. There was a 10 part formula put together that helped to determine stress factors, including: 1. Unemployment rate (metro area, [...]
The US Housing and Development has awarded Maryland $6.8 Million to help stop foreclosures as part of the Neighborhood Stabilization Program. Areas receiving awards are allowed to use the money to buy land and property to either rehabilitate or knock down houses, and also to offer downpayment and closing cost assistance programs to low-to-moderate income [...]
Baltimore home sales were up 35% in April over March's sales as well as over April 2009 sales. This a telling sign that buyers were looking to take advantage of the ending homebuyer tax credit, as well as hopefully previewing that the economy is beginning a recovery. The Baltimore Business Journal reported this on information [...]
The Baltimore job market is getting better, according to headhunters in the Baltimore area. The Baltimore Business Journal reported that Maryland added 36,000 jobs in March, which is a great number. What that number doesn't state, but the headhunters do, is that many of those jobs are temporary or not "permanent hires". This means that [...]
The Maryland Zoo in Baltimore is ready to reopen its gates after two major blizzards caused a tremendous amount of damage to buildings and animal housing. As I have written in multiple posts about these blizzards, the heavy snow caused damage to many homes, and hurt the Baltimore real estate market. It also has hurt [...]