In the Baltimore, MD region, pending home sales are up +27% from 2010. Couple this with a declining inventory, low interest rates, and it should be a prime time for buyers. As it turns out though, tougher underwriting standards for loans is still depressing the available market somewhat.
What does the future hold? Forecast of +2.5% GDP growth, and a stronger jobs market going into 2012 bodes well for real estate in teh Baltimore, MD Region.
Rich Iarossi is a full time licensed REALTOR®, working in Crofton, MD. My coverage areas are: Anne Arundel, Prince George’s, Howard, Calvert, Queen Anne, and Baltimore City and County. I specialize in residential real estate, working with both buyers and sellers. Use the registration free search on my website at www.RichSellsHomes.com. If you’re not already working with a REALTOR®...I can help. Call me at 443-995-9595 (Cell) or 410-451-6255 (Office).
SKYPE ME: RichSellsHomes
Good Evening Richard
Thanks for the post and mulyi-maedia market update. Have a great day
In every depressed housing cycle we have experienced in the 30 years of my being in this business, the precurser to recovery and growth has been a decline in inventory coupled with more sales. Let's hope the predictions for 2.5% growth become history, and recovery can grow some teeth!
Richard
Thanks for sharing the real estate market update for October for the Region Baltimore Market.
Good luck and success.
Lou Ludwig