The 21204 Home Sale Statistics for November 2010 had both highs and lows. The amount of sales dropped slightly, about 3%, over the same period last year. Here is the report. The good news is that the average sales price jumped over 44% to $516,938 from $358,083. There were 17 new houses listed to bring [...]
The 21286 zip code of Towson, MD had decent home sales statistics for November 2010. Towson real estate encompasses 21286 and 21204. The zip codes have very different market areas and statistics! The average sold price in 21286 was up 9.36% over the same period last year. That is great news for Towson homeowners! Average [...]
The Towson home sale statistics for October 2010, specifically the 21204 zip code, were down in a number of areas, compared with the same time last year. Total sold dollar volume was down 40.91% and only four houses settled in the month, with seven settling last October. Though there were three fewer settlements, the prices [...]
There are many good reasons to buy a home, and right now, there are seven that stand out, according to a new publication by Keller Williams Realty, my brokerage. Below are three of the reasons (4&5 will be tomorrow, 6&7 the last day), and my take on each one: 1) Homes Have Never Been More [...]
Towson home sale statistics for September 2010 fared much better than most of Baltimore County, according to data released by MRIS, the Metropolitan Regional Information Systems, Inc over September 2009. Focusing specifically on the 21204 zip code, which includes Towson, Ruxton, West Towson, and the Riderwood area, the numbers are very positive, while the majority [...]
Baltimore was named #6 in the American Institute for Economic Research's rankings of metro area colleges out of a pool of 222 areas of 15,000 students or more. Baltimore County colleges include Towson University in Towson, Stevenson University in Stevenson, MD, University of Baltimore, Baltimore County in the Catonsville area, plus in the city there [...]
Why do some houses sell while others stay on the market? A very good question. The answer is rather simple: price & condition. In a Towson neighborhood where there could be 3 houses that have been on the market for months, a new one comes on. There is a flurry of activity, and the house [...]
The Home Valuation Code of Conduct (HVCC) will be eliminated, thanks to a bill signed into law by President Obama. HVCC was enacted in 2009, and has been a big issue in the appraisal battle many home sales have been experiencing. In June last year, Tasha Linton and I wrote about how HVCC Could Negatively [...]
Mortgage rates drop very low -- below 5% -- as international money comes into the United States. The US bonds are seen as a safe haven in light of the financial troubles in Europe, and this is having a nice result in our country. The Wall Street Journal reported this morning that interest rates were [...]
A recent statement by John Paulson of Paulson & Co, Inc. shows that housing prices are expected to rise 3-5% in 2010. CNBC published an article with quotes from the group's owner, who tracks home prices in California, and notes that what happens in the state tends to trend about six months later in the [...]