Millionaire David Bach says, "Buying a home is an 'escalator to wealth'," according to an interview with CNBC. He states in the CNBC article, "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than [...]
Baltimore County's most expensive home sales in 2016 were found north and west of the city, with the most expensive found in Glyndon. The five highest home sales in Baltimore County in 2016, according to MRIS, our local multiple listing system, were: 1. 3321 Butler Road, Glyndon, MD 21071. $4,500,000. Situated on almost 172 acres in Northwestern Baltimore [...]
Baltimore homes are in high demand according to a new report out at the end of July 2016. The Demand Index is a report run by a company called Redfin, and it found that Baltimore home interest is up 20% over June of last year. This apparently includes a 39% increase in requests for showings [...]
Renovations are often done to enhance your home's value -- whether for yourself or resale. What you should understand before doing any expensive work to your home is that some renovations could actually potentially hurt your home's value when it comes time to sell. What kind of renovation could actually hurt your home's value? According [...]
Baltimore County's most expensive home sales in 2015 were found north and west of the city, with the most expensive found inside the Beltway. The five highest home sales in Baltimore County in 2015, according to MRIS, our local multiple listing system, were: 1. 6011 Charlesmead Road, Baltimore, MD 21212. $2,940,000. The original part of this home was [...]
Baltimore County's most expensive home sales in 2014 were found mostly on the north western side of the Beltway. The five highest home sales in Baltimore County in 2014, according to MRIS, our local multiple listing system, were: 1. 3120 Golf Course Road West, Owings Mills, MD 21117. $4,250,000. This home has almost 17,000 square feet [...]
Buying into Baltimore Fall 2014 is Saturday, September 27, 2014. The event has moved, and begins at Baltimore Polytechnic Institute (Poly), located at 1400 W Cold Spring Lane, Baltimore, MD 21209. Check-in begins at 8:30am, with homebuying workshops and CityLiving Fair beginning at 9am. The narrated bus tour leaves at 1, while self guided tours, [...]
What salary is needed to buy a median priced home in Baltimore? According to HSH.com, which is a website about mortgages, it would take a salary of $53,078.51 to buy a home at the median home price for Baltimore. Now, this doesn't mean you have to make that much in order to buy a house in Baltimore. [...]
Is it cheaper to rent or buy in Baltimore? The company and website, Trulia, came up with an interactive map that tells you, across the country, whether it is cheaper, in general, to rent or buy in this current market. The map & calculator can take into account the current approximate interest rate, your income [...]
Maryland Housing Average Annual Price Appreciation 1975-2013 per year is small but healthy, compared to some other states. Now, of course, the report is for the entire state, and as I have mentioned a number of times, real estate is very local -- and even looking at homes sales for Baltimore County alone still doesn't [...]