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 [...]
Yesterday, I posted the top three 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" . Today, two more good reasons why a buyer should buy now! To recap the top [...]
Baltimore home sales were down in September by 19.4% over September 2009, with 1,706 homes sold versus 2,117 this time last year. At the same time in 2009, we had the First Time Homebuyer Tax Credit, which was originally due to expire September 30, 2009, before it was extended. The Baltimore County housing market took [...]
This Month in Real Estate for October 2010 is here, and is showcasing undervalued markets across the US. Pending home sales in the south, which the Baltimore housing market is part of, rose 1.2%, according to the National Association of REALTORS. Historically, more pending sales tend to eventually lead to higher prices, which is good [...]
The Wall Street Journal, tired of the doom & gloom, wrote an article on the ten reasons you SHOULD buy a home in this economy. Their ten reasons are good ones and have a lot of detail as to why they are true. Here are Brett Arends' WSJ headlines, and my takes on each. 1) [...]