This Month in Real Estate for January 2011 has been released. The January episode begins with the National Association of REALTORS(R) statistics on how Home Affordability is at an all time high. Jay Papasan discusses these statistics, sharing that home payments are only 13.6% of the median family household income. In 2007, the percentage was [...]
This Month in Real Estate December 2010 is ready for viewing. First, Jay Papasan shares that houses on the market as "For Sale By Owner" has dropped from 11 percent to nine percent nationwide. From a recent poll from the National Association of REALTORS, on average, homes tend to get more money when an agent [...]
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 [...]
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 [...]
This Month in Real Estate September 2010 is here early! September's video discusses foreclosures, and how California, Florida, and Arizona topped the list in most foreclosures per state. Maryland foreclosures too are at an all time high, as I discussed in both July & August, up 56.2% in the first half of 2010, and 10th [...]
This Month in Real Estate August 2010 has been released. As I mentioned in my July 15 post, "Mortgage Rates at Lowest Point in Five Decades," mortgage interest rates have dropped to their lowest level in the past 50 years. On July 29th, that number was 4.54%! Freddie Mac's current average interest rate is at [...]
This Month in Real Estate July 2010 is here! May's sales across the United States were down 2.2% from April, but May closings were up 19.2% from May 2009. I am certain much of this is due to the extended homebuyer tax credit and buyers working to ensure they close long before the settlement deadline [...]
This Month in Real Estate June 2010 is here! The number of foreclosures was down last month, with the thought that sellers are looking to short sales to prevent foreclosure. Buyers are seeing short sales as a way to buy a house at a less expensive price -- and enjoy the low interest rates at [...]
This Month in Real Estate May 2010 is here! April 30, 2010 marked the end of the Homebuyer Tax Credit. Though there was an small uptick in sales from qualified homebuyers, this does not truly mean the end of the spring market for sellers who are currently on the market or getting ready to go [...]