Baltimore home sales were up 35% in April over March's sales as well as over April 2009 sales. This a telling sign that buyers were looking to take advantage of the ending homebuyer tax credit, as well as hopefully previewing that the economy is beginning a recovery. The Baltimore Business Journal reported this on information [...]
An unfortunate new trend has developed across the US - that of "strategic defaults" - homeowners walking away from their mortgage obligations. 60 Minutes did a story on this disturbing trend on Sunday. Watch CBS News Videos Online Though I understand the thought and concern about the low prices in areas, but I don't understand [...]
This Saturday, May 8, 2010, you can qualify for $3,000 to help buy a home in the West side of Baltimore City in the Buying Into Baltimore 2010 Homebuyer Fair and Neighborhood Tour. What do you have to do to qualify for the $3,000 award? First, you must visit 4 of the 16 homes featured [...]
The Baltimore job market is getting better, according to headhunters in the Baltimore area. The Baltimore Business Journal reported that Maryland added 36,000 jobs in March, which is a great number. What that number doesn't state, but the headhunters do, is that many of those jobs are temporary or not "permanent hires". This means that [...]
Foreclosures in Maryland rose above the national average in February, with a total of 5,732 according to the Baltimore Business Journal. This was a 9% increase over January, and an 80% increase (yes eighty percent) over February 2009. In Maryland, one in every 407 houses was in foreclosure in February. The national average was one [...]
A discussion I have been involved with here in the Baltimore area about the crippling snow and the effect on the Baltimore real estate market has people in the real estate world wondering if the homebuyer tax credit may be extended again. On Monday, the Wall Street Journal wrote an article about the credit, and [...]
As we enter the fourth and final week of February, I am reminded as to where the market was last year at this time versus this year. I have seen showings become more frequent in the past week and the excitement over spring's arrival in the next few weeks definitely brings people out to look. [...]
Homebuyers who are claiming either the $6,500 move up credit or the $8,000 First Time Homebuyer Tax Credit cannot file electronically, according to the IRS. One of my past clients let me know of this after she read an article on MSN. (Thank you for the information and link!) The reason for this restriction is [...]
When the Homebuyer Tax Credit was extended to include long-time homeowners buying new houses and getting a $6,500 credit, a whole new group of questions came into play. Unfortunately for a few clients of mine (and I am sure many others out there), the answers were not what they were hoping. One person owns a [...]
Beginning July 1, 2009, expect major delays on 695 and 95 as confused motorists attempt to navigate the new location for the ramp to 95 South near White Marsh. Motorists will be exiting 695 from the RIGHT instead of the left, as they had been doing, and entering 95 South on the right as well. Here [...]