There are some things about your Baltimore home that you may have gotten used to, or don't bother you, but could affect your house's value. Recently there was an article on MSNMoney where they tackled a few of these things. Your house is different from the majority of the houses around you. If yours is [...]
Why did my house appraisal come in lower than contract price? Even with comparable sales to your contract price on your house on record, if there are other homes in the area that have sold for less since then, that says to an appraiser that values are dropping in the neighborhood. An appraiser's responsibility is [...]
The foreclosure backlog is large, and with foreclosure filings up 33% in August over July, analysts think the real estate market has yet to hit bottom. What does this mean for Baltimore real estate? Well, it could mean that Baltimore house values could see further drops. As more foreclosures come on the market in any [...]
The Buying into Baltimore Homebuying Fair for the East side is this Saturday, September 10, 2011 from 8:30am-2pm. The event begins at Mergenthaler Vocational Technical High School ("Mervo") with Check-in and Neighborhood tour sign up from 8:30-11am. There is a $10 per person charge to participate. Home buying classes are 9-11:00am, then 11am-1:15pm are the [...]
FHA loan limits across the United States had been set at a higher level to help the housing market from further decline, and in September 2010 that was extended through September 2011. Baltimore Area Loan Limits courtesy of NAR The current loan limit in Baltimore County, Baltimore City, and Harford County is $560,000 [...]
Fortune.com recently had an article discussing the large price drops in most cities due to the bubble burst of the real estate market. In the article, Nin-Hai Tseng used a Trulia.com report to discuss house pricing trends across the US: f you're a buyer or seller, here's what to expect this spring: Detroit, with an [...]
A question that many buyers have been asking is whether they should buy a house now, or wait until prices drop. Guest blogger, George Kennedy, of Wells Fargo Home Mortgage, offers some thoughts in his post. Should I wait for prices to drop? The question should not be whether or not house prices will fall, [...]
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 [...]
This Month in Real Estate for November 2010 has been released. First, Jay Papasan shared from the National Association of REALTORS that home sales were up across the United States 7.6%. We've seen more Baltimore houses go under contract in October as well, and once those statistics are released later this week, I will compare [...]
Yesterday, I posted two good reasons why now is a good time to buy a house from a publication from Keller Williams Realty International entitled "7 Reasons Why Now is a Great Time to Buy a Home" , after posting the top three on Tuesday. Today round out the final two good reasons why a [...]