Two Towson High Schools and one Timonium High School ranked high in US News and World Report's Best High Schools edition for 2012. Carver Center on York Rd in Towson ranked #242 nationally, Dulaney High School in Timonium #264 nationally, and Towson High School #267. The scores are based on College Readiness (based [...]
Towson 21286 home sale statistics were up in a BIG way in March 2012! Total volume of sales for March was $4,864,300 up 85.37% from last year! Last March saw sales of $2,624,150. Also up? Average sold price up to $286,315, a 30.85% increase over last year's $218,679 average. Seventeen homes sold, also up 41.67% from the [...]
A Class Action workers compensation case by Schibell & Mennie has been filed against Wells Fargo due to reductions in HELOCs all over the country. In May of 2009, I wrote about Towson Zillow Zestimates affecting a client's HELOC loan, and how his line of credit had been reduced right in the middle of construction [...]
This Month in Real Estate March 2012 has been released! Home sales activity remained steady at a pace of 4.6 million to be sold by the end of the year. The median home price dropped $10,000 from last month to $155,000. The average interest rate dropped slightly to 3.87% down from 3.88% as per This [...]
Towson Green houses are very neat, as I saw first hand at a Broker's Open house on Tuesday, February 21, 2012. Bozzuto is the builder for the townhouses, and we got a sneak peek at the models before their official grand opening in mid March. I took a lot of photos to share! For more [...]
Baltimore Zillow Zestimates are still often off from true value, despite the change in algorithms last year. "Desktop Valuations" are a quick way to look at the potential value of a home, but they do not take many factors into consideration, and some of the things they DO use to determine a value should not be used! [...]
USA Today reports that economists, banking and building executives are thinking optimistically of the real estate market in the coming year, and that the housing industry may be finally close to hitting the bottom. The article does clarify, though, that prices are still expected to drop in many areas, but there should be more home sales, [...]
Towson has held value over the volatile last few years. Average sales price was actually UP in 21286 to $330,255 from $246,288 last December. Sales were down slightly, with only 11 homes changing hands versus 15 last year, but that makes the average price even more significant. Three townhouses in Towson sold with an average [...]
This Month in Real Estate January 2012 has been released! Home sales activity was down to 4.4 million homes last month, a drop from the pace set from December 2011 This Month in Real Estate of 4.97 million. It makes me wonder about the number of sales that may have been canceled last month. It [...]
The loan limits for FHA are at a decent amount, thanks to Congress voting to reinstate the loan limits that had been in place before, but had lapsed. Currently, the limit for an FHA mortgage in Baltimore County is $560,000. That was due to drop down to $494,500, which could have really hurt [...]