By Thomas Carroll, REALTOR® Supply and demand are the two sides of the pricing coin. Today we will be talking about demand. Realtors have access to what is called the Local Home Demand Index. This is published by Bright MLS… Read More
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Fear in the Housing Market
By Thomas Carroll, REALTOR® Today’s housing headline is that the Federal Reserve Bank of Dallas said their research suggests that home values could fall by as much as 20%. Headlines like this can be paralyzing and it very well could… Read More
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Maryland Market Update
By Thomas Carroll, REALTOR® September was a big month! Annual price appreciation has slowed to a much more normal pace of 4% across the state. The outsized numbers are now being seen in units sold which are down 24% year… Read More
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Maryland Housing Market Update
By Thomas Carroll, REALTOR® August housing data is out, and it is interesting to see! Year over year, the median home price is up by 4% in Maryland. This is not the high-flying number we’ve gotten used to seeing over… Read More
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Mortgage rates have been declining since June. What does this mean for buyers and sellers?
By Thomas Carroll, REALTOR® The average interest rate for the 30-year mortgage has actually been declining over the past 60 days. We saw it peak in mid to late June at around 6% and it has since fallen to roughly… Read More
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June Housing Data for the Baltimore Metro Area
By Thomas Carroll, REALTOR® Despite the doom and gloom headlines and rising interest rates, the median home price in the Baltimore metro area set a new record high in June. Up from $230,000 in May to $235,000 by the end… Read More
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Baltimore CHAP Tax Credit: The Insider’s Track to Lower Housing Costs
By Thomas Carroll, REALTOR® Hitting the market in Canton this weekend is 3127 O’Donnell Street, a newly renovated townhouse just steps from Canton Square. The modern fixtures added during the renovation pair nicely with the Victorian stained-glass windows and exposed… Read More
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Time for Orioles’ Magic, crab feasts and a review of Baltimore’s May housing data!
By Thomas Carroll, REALTOR® The national headlines will tell you that the housing market is beginning to soften with demand decreasing and supply beginning to build. There is very little evidence of that in the May housing data for the… Read More
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Higher Interest Rates Could Actually Reduce Housing Supply Further. Here’s Why.
By Thomas Carroll, REALTOR® Many experts say the housing market is at an inflection point. The home financing landscape is changing rapidly and the effects of that will make their way through the system. Mortgage rates have almost doubled since… Read More
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April Home Sales in the Baltimore Area
By Thomas Carroll, REALTOR® Now that April has come to a close, we can take a look back at the data see what has happened in this local housing market. When it comes to year over year prices, the median… Read More