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Baltimore real estate sales were down in May 2010, a noted amount after the Homebuyer Tax Credit ended. As noted from MRIS, the local Multiple Listing Service, pending sales decreased 13.7% compared to May 2009. April 2010 had 16,089 contracts written. May had only 9,527, which is 6,562 less! The good news is that the [...]
Mortgage rates drop very low -- below 5% -- as international money comes into the United States. The US bonds are seen as a safe haven in light of the financial troubles in Europe, and this is having a nice result in our country. The Wall Street Journal reported this morning that interest rates were [...]
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 [...]
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 [...]
Besides the tax credit deadline looming on April 30, another significant deadline is even closer -- beginning April 5, 2010, the FHA Up Front Mortgage Insurance Premium is going from 1.75% up to 2.25%. April 5, 2010 is NEXT MONDAY! I wrote about the rise in FHA Upfront Mortgage Insurance Premium on January 21, 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. [...]
Well, we are currently buried in about 30" of snow here in Towson, MD and just got reports that Baltimore County Schools are closed through Wednesday. I have a feeling that will be extended through the end of the week. Why? Snowpocalypse 2010 2.0 is apparently on its way. Originally forecasters were calling for around [...]
Cockeysville and Hunt Valley home sales in 2009 statistically were very stable. There were consistently over 100 houses on the market for sale in Hunt Valley. December 2009 was a slow month with only 4 houses going under contract, but other months on average 10-16 did. That same average applies for properties that settled. From [...]
A few month back, I received a phone call from Jamie Smith Hopkins of the Baltimore Sun because she knew I know Towson real estate very well, and had sold homes in Loch Raven Village and Knettishall. Jamie was putting together a series of articles called "Hidden Gems" about areas in Baltimore County and City [...]
Part of the Clipper Mill development by Stuever Bros is due to go to auction after being foreclosed on by BB&T bank. Most of the development is not effected by this foreclosure, but according to Alex Cooper, the auctioneer,'s site,: "The Property is believed to be improved by nine (9) spec homes in various states of completion, [...]