Recently, more price reductions have been seen nationally than a year ago. Zillow released a press release in August 2018 about this trend. In the Baltimore real estate market, in June 2018, 18.2% of houses had a price reduction. In January 2018, 16.3% of houses on the market in Baltimore had price reductions. That being [...]
How much will your home renovation get you in return? Well, it depends on what and how much you do. I realize that sounds as clear as mud. But based on a CNBC post, the answer varies depending on the situation. A survey was done by Remodeling magazine to determine what gave homeowners the best [...]
Mortgage applications are up both from last week and last year at this same time. There were 4.5% more mortgage applications submitted last week than the week before, and 6.1% higher than the same time last year. This is the highest level of new purchase mortgage applications since April 2010. CNBC has a great article [...]
Maryland's foreclosure rate was the third highest in the US in 2017. Foreclosure proceedings were initiated on 11,930 homes in Maryland in 2017. The highest concentration of those foreclosure filings were in Prince George, Baltimore County and Baltimore City. There were 9,877 foreclosure auctions scheduled for 2017 in Maryland. The good news is that foreclosures [...]
Baltimore County's most expensive home sales in 2017 were found north of the city, with the most expensive found in Phoenix. The five highest home sales in Baltimore County in 2017, according to MRIS, our local multiple listing system, were: 1. 14921 Old York Road, Phoenix, MD 21131. $4,200,000. Situated on almost 54 acres in Northeastern Baltimore [...]
Millionaire David Bach says, "Buying a home is an 'escalator to wealth'," according to an interview with CNBC. He states in the CNBC article, "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than [...]
Baltimore County's most expensive home sales in 2016 were found north and west of the city, with the most expensive found in Glyndon. The five highest home sales in Baltimore County in 2016, according to MRIS, our local multiple listing system, were: 1. 3321 Butler Road, Glyndon, MD 21071. $4,500,000. Situated on almost 172 acres in Northwestern Baltimore [...]
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 [...]
Renovations are often done to enhance your home's value -- whether for yourself or resale. What you should understand before doing any expensive work to your home is that some renovations could actually potentially hurt your home's value when it comes time to sell. What kind of renovation could actually hurt your home's value? According [...]
Baltimore County's most expensive home sales in 2015 were found north and west of the city, with the most expensive found inside the Beltway. The five highest home sales in Baltimore County in 2015, according to MRIS, our local multiple listing system, were: 1. 6011 Charlesmead Road, Baltimore, MD 21212. $2,940,000. The original part of this home was [...]