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 [...]
Why did my house appraisal come in lower than contract price? Even with comparable sales to your contract price on your house on record, if there are other homes in the area that have sold for less since then, that says to an appraiser that values are dropping in the neighborhood. An appraiser's responsibility is [...]
Last night, Zillow posted a tweet, inviting you to look at this glorious mansion on the market for $35,000,000. Please note, that is $35 MILLION. The amusing part to me, is when I clicked on it, directly under the asking price is the Zillow Zestimate: $396,500. Yes, you read that right, Three hundred ninety-six THOUSAND, [...]
In a post today from CNN's "State of the Union" interview with HUD Secretary Shaun Donovan, Bloomberg reports that house prices are unlikely to decline further, and they expect to see a rise in prices in the third quarter. This is due to the reduction in number of people defaulting on their mortgages, down 40% [...]
Towson High Schools were ranked in Newsweek's Top 500 list on June 19, 2011, and Towson residents should be proud. Seven Baltimore County Schools made the list (18 total for the State of Maryland). According to the Newsweek article: ...each school’s score is comprised of six components: graduation rate (25%), college matriculation rate (25%), AP [...]