This Month in Real Estate May 2012 has been released. Home sales activity reduced slightly to a pace of 4.48 million to be sold this year. The median home sale price rose $8,000 to $164,000 last month. The average interest rate for home loans jumped came back down from the average of 4.08% in March [...]
This Month in Real Estate April 2012 has been released. Home sales activity remained at the pace of 4.6 million to be sold this year. The median home sale price rose $1,000 to $156,000 last month. The big change is that the average interest rate for home loans jumped from 3.87% in February to an [...]
FHA mortgages are very popular in the Baltimore real estate market. For not much money down, Baltimore homebuyers can get into the home of their dreams, and use any reserves they have to decorate or buy furniture. The amount that may be in reserves is going to lessen by a significant amount on April 1, [...]
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 house values are still struggling compared to much of the rest of the US in July 2010. Finally, Baltimore homes are seeing an increase in value, with the first quarter of the year up 2.9% over 2009. The rest of the country, on average, saw an increase of 7.9%. The rough news is that [...]
Well, of course, the snow is hurting the entire areas, but many homeowners are already having major issues with their homes due to this heavy snow and ice damming, and it appears a major amount of heavy snow may visit us tonight through tomorrow, freezing those gutters back up and re-creating problems. The other issue [...]
It looks like the beginning of next week will bring us more snow or ice, possibly mixed with rain or sleet. What does this mean for the Baltimore real estate market and Baltimore area homes? More trouble. In a city still in recovery mode from two blizzards last week, additional winter weather is not welcome [...]