Mortgage rates have been dropping, and have hit the lowest we have seen since May 2023. According to Freddie Mac and reported by CNN Business, interest rates averaged 6.47% this past week for a standard 30-year fixed mortgage. The prior week, the average was 6.73%, so this is a pretty big drop. Why is this [...]
West Towson in Baltimore County is a popular place to live. I recently sold a Towson townhome to a buyer client. The West Towson neighborhood was ideal for this buyer. Just down the street from the Y and Downtown Towson, this home is convenient to so much. This West Towson townhouse has three bedrooms, one [...]
Baltimore was named the 2nd best city for recent college graduates according to ADP Research in June 2024. ADP Research collected data from January 2019 through April 2024 of more than four million people 20-29 years old at over 27,000 U.S. employers. The analysis included wages, hiring rates, and affordability when considering rankings. Baltimore came [...]
Baltimore real estate market trends are published weekly by Bright MLS. Here is the Baltimore real estate update for the week ending August 4, 2024. Beginning on page 24 of the Bright MLS real estate report 08/04/2024, the Baltimore real estate data shows the following: In the Baltimore real estate market, new listings were down [...]
1111 Walnut Wood Road is a four bedroom home in Hunt Valley Station coming on the market for $689,000. *SOLD 9/3/2024 for $715,000!* This Hunt Valley Station home has 2,257 square feet above ground, which does not include the basement. 1111 Walnut Wood Road showcases a screened-in patio, updated kitchen and baths, roof, and hot [...]
What did the Fed do with interest rates July 31, 2024? The Federal Reserve kept interest rates steady again, with claims that a rate cut could potentially come as soon as September. The Fed Chair, Jerome Powell, said that if inflation continues to fall, he expects they could cut interest rates when they next meet [...]
Baltimore real estate market trends are published weekly by Bright MLS. Here is the Baltimore real estate update for the week ending July 28, 2024. Beginning on page 24 of the Bright MLS real estate report 07/28/2024, the Baltimore real estate data shows the following: In the Baltimore real estate market, new listings were up [...]
Real estate market predictions from the end of 2024 into 2025 come from the Chief Economist of the National Association of Realtors(R), Lawrence Yun. The first question - when will the Fed cut interest rates? Yun thinks the Fed may cut interest rates this fall, with hopes that it will be as soon as September. [...]
Will there be a wave of foreclosures in the last half of 2024? Most signs point to "No." The percentage of mortgages that are seriously delinquent, meaning three months or more behind on payments or in the foreclosure process, have been plummeting since 2022. For there to be a wave of foreclosures, the number of [...]
Baltimore real estate market trends are published weekly by Bright MLS. Here is the Baltimore real estate update for the week ending July 14, 2024. Beginning on page 24 of the Bright MLS real estate report 07/21/2024, the Baltimore real estate data shows the following: In the Baltimore real estate market, new listings were down [...]