The Fed did not hike interest rates at the beginning of November 2023. This is a continued pause after the Fed also did not raise rates in September 2023. What does this mean for you and possibly buying a new Baltimore home and getting a mortgage? There should not be much of an effect on [...]
Hoes Heights in Baltimore, Maryland is a lovely place to live! Located in Baltimore City, this neighborhood is an area with deep history. I recently sold a Hoes Heights home in Baltimore. Hoes Heights is an historically significant neighborhood. Hoes Heights is named for Grandison Hoe, who was a freed slave in Antebellum Baltimore. Grandison [...]
The Fed hiked interest rates again at the end of July 2023. What does this mean for you and possibly buying a new Baltimore home and getting a mortgage? Hopefully there won't be much effect on your potential mortgage rate. Mortgage rates are affected by many factors. Yes, the Fed's spike may be one of [...]
Forbes posted an opinion piece on Four Home Buying Etiquette Rules, and they are very good "rules" for potential homebuyers to follow. I am following the outline from the post, but adding my personal notes and details as to why they are important below. Thank you to Forbes and Tara Mastroeni for the article! Get [...]
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 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? 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. 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 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! 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 [...]