Buy a home in Baltimore

Fed Interest Rate Update March 2023

March 23rd, 2023

The Fed hiked the interest rate up 1/4 of a point on Wednesday, March 22, in an attempt to continue to fight inflation. This is the ninth interest rate hike in the past year. The Fed did imply that the collapse of Silicon Valley Bank and Signature Bank may pause further increases in interest rates, [...]

Financial Tips for Millennials to Help For Future Home Purchase

May 9th, 2019

Financial tips for millennials to help for future home purchase comes from an NBC News article about saving tips for millennials. According to the NBC News article, 51% of millennials surveyed find the amount of money they live on to be a major cause of stress in their lives, and 41% of them they were [...]

Am I Being Recorded When Viewing a House?

February 1st, 2019

Am I being recorded when viewing a house? Potentially, yes. The TODAY Show did a segment about people recording showings in their houses, making people aware of something they may not have been before. This is something I have cautioned people about for a few years - that you never know if you are being recorded [...]

Millennials Want to Own Homes

January 25th, 2019

Millennials want to own homes. Seventy-two percent of Millennials surveyed prioritize buying a home over marriage and having children. The reasons given in the CNBC survey were that those surveyed would like to have stability or feel they are established if they own a home. The only priority over homeownership is planning for retirement. Those [...]

Baltimore is a Top 10 City with Fast Homeownership Growth

June 5th, 2018

Baltimore was named a Top 10 City with fastest homeownership growth. The article was researched and put together by realtor.com. Baltimore comes in at #4 on the list. The article discusses how Baltimore is close to Washington, DC, and how that helps homeownership in Baltimore. With Baltimore having a reasonable cost of homeownership, it can [...]

Finding a Home to Buy May Be Tough in Some Markets

April 9th, 2018

Finding a home to buy may be tough in some markets! There is a recent USA Today post that talks about buyers who are making offers sight unseen since the market is so crazy in some areas. I know that recently in one area of Baltimore real estate, we have had two buyers be one [...]

How Does the Interest Rate Affect My Homebuying Power?

March 27th, 2018

How does the interest rate on a mortgage affect my homebuying power? First, you should understand that the higher your mortgage amount, the more the rate could affect your homebuying ability. In an article by smartasset (TM), it notes that a 0.5% rise in interest rates can raise your monthly payment by $28 per $100,000 [...]

Millennials and Homebuying Questions

February 22nd, 2018

Millennials and homebuying questions - these go hand in hand. Of course, most homebuyers have a lot of questions, but this generation has a unique position where they are between those who had to put 20% down in order to buy a house, and those who do not believe they will ever have the money [...]

Millennial Mortgage Problem in Baltimore and Other Cities

November 6th, 2017

Millennials are not buying homes often in many areas, and there is good reason. Millennials don't always have the money for a downpayment to buy a home! An article in USA Today discusses the student debt and lack of savings that can create this issue. A company by the name of Apartment List figured out [...]

Cost of Renting vs Owning a Home in Maryland 2017

August 28th, 2017

The cost of renting vs owning a home in Maryland in 2017 may come as a surprise to many. The analysis was done by MSN Money for every state across the US. They found that the cost of renting in Maryland, on average, was about $1,753 per month. The average cost of a monthly mortgage? [...]

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