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Baltimore Real Estate Trends March 10 2024

March 11th, 2024

Baltimore real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending March 10, 2024. There was no update for March 3, as the system apparently had technical issues, so no report was released. Bright MLS currently covers seven states, so there is data for [...]

Vacant Land Scams

March 8th, 2024

Vacant land scams are unfortunately happening in this real estate market. What is a vacant land scam? Scammers are researching public records for vacant land (meaning no structure on them) and no mortgage or liens on the property. They research the owners to make sure to get as much information as possible to appear to [...]

Home Design Trends 2024

March 7th, 2024

Home design trends come and go, and each year there are trends that tend to be more popular than others. Thank you to Real Simple for their compilation. Here are a some of those trends I am seeing in the Baltimore real estate market: Green Paint. Designers have seen green more and more in design [...]

Fed Interest Rate Update March 6 2024

March 6th, 2024

The Federal Reserve Chair wrote in prepared remarks for a mandated regular appearance at congress that he doesn't anticipate rate drops quite yet. Inflation is still above the central bank’s goal of 2%, which is why the Federal Reserve Committee is not planning to drop rates at this time. The Fed Chair did say that [...]

What is Seller Contribution?

March 5th, 2024

What is Seller Contribution or Seller Concession? A seller concession or seller contribution is an agreement as part of a contract in which a seller pays some of a buyer's financing and/or closing costs at closing. Why does a buyer want a seller to pay some of their closing costs? There are many reasons a [...]

Kitchen Design Trends 2024

March 4th, 2024

Kitchen design trends change over time, and each year there are trends that tend to be more popular than others. Here are five kitchen design trends that professionals expect to see more of in 2024 per Houzz: Longer Islands. Homeowners described the use of islands for entertaining after a kitchen renovation, with 7' long islands [...]

Maryland 2024 Homeowners’ Tax Credit Application Available

March 1st, 2024

The Maryland State Department of Assessments and Taxation (SDAT) 2024 Homeowners’ and Renters’ Tax Credit applications are now available online. You can apply online and/or download and print the application from their website. You can check if you qualify by visiting the SDAT website. The links to the different applications and qualifications are located on [...]

Revised 2024 Home Sales Forecasts in February

February 29th, 2024

A number of 2024 real estate market forecasts have been revised now that we are fully into the year. Economists at the National Association of Realtors now think that the median price of existing homes will rise 1.9% this year, up from their previous forecast of 0.7%. Zillow originally forecast a very slight drop of [...]

State of Maryland Housing 2024 from National Association of REALTORS

February 28th, 2024

The State of Maryland Housing 2024 report is from a survey run by the National Association of REALTORS(R) and the local Maryland REALTORS(R) branch. The interviews were run from January 9-16, 2024. Key findings from the State of Maryland Housing 2024 report: 82% of those surveyed feel that the cost to buy a house or [...]

Baltimore Real Estate Trends February 25 2024

February 27th, 2024

Baltimore real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending February 25, 2024. Bright MLS currently covers seven states, so there is data for a number of areas. Starting on page 18 of the Bright MLS real estate report 02/25/2024, the Baltimore real [...]

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