The Baltimore home demand index for February 2023 was 77, a gain of 15 points to the "slow" category from the Baltimore home demand index for January 2023 that was "limited" at 62. (Note that the index is one month behind, meaning the data for the February 2023 report is from January 2023.) The Baltimore [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending February 12, 2023. Bright MLS currently covers seven states, so there is data for a number of areas. There is a general overview for the entire MLS, and later there is specific state [...]
Goldman Sachs changed their 2023 housing market forecast in a more positive direction. As noted in my post, "What Will Happen in the 2023 Real Estate Market?" Goldman Sachs was forecasting an average of 7.6% price decline from 2022. Goldman Sachs already adjusted their outlook on January 10th, reducing that price decline to an average [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending February 5, 2023. Bright MLS currently covers seven states, so there is data for a number of areas. There is a general overview for the entire MLS, and later there is specific state [...]
If you browse homes for sale on a regular basis, you may notice a few homes that have gone under contract but then come back up again as "Back on Market." Why would a home sale contract fall through? First, I want to note that each real estate contract is different and has different terms. [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending January 29, 2023. Bright MLS currently covers seven states, so there are statistics for a number of areas. There is a general overview for the entire MLS, and later there is specific state [...]
Can I remove my house photos from Zillow and other websites? The answer is both yes and possibly no. When a seller lists a home for sale with a real estate brokerage in the MLS (Multiple Listing Service,) at least here in Towson, Maryland, the listing agreement comes with terms about sharing photos and videos [...]
How much of a downpayment do you need to buy a home? The long and short of it is that it depends on your situation, loan qualifications and loan type. That being said, according to a NerdWallet Home Buyer Report, 62% of Americans believe you need to put 20% down on a house. In reality? [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending January 22, 2023. Bright MLS currently covers seven states, so there are statistics for a number of areas. There is a general overview for the entire MLS, and later there is specific state [...]
Maryland real estate market trends are collected and documented by our MLS, Bright MLS. Here is the update for the week ending January 15, 2023. Bright MLS currently covers seven states, so there are statistics for a number of areas. There is a general overview for the entire MLS, and later there is specific state [...]