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The recent housing statistics of the Maryland Association of Realtors (MAR) reveal that Maryland’s average home price, median home price and home sales went up in June this year. According to MAR, the average Maryland’s home price in June 2012 was $317,659, a 6.7% increase from last year’s $297,813 average home price. Maryland’s median home …
According to Zillow‘s second quarter Real Estate Market Report, home values in the U.S. have reached a bottom. The Zillow report shows that U.S. home values increased by 0.2% year-over-year to $149,300, the first time since 2007 that this happened – five years after the U.S. housing bubble burst. Home values have also increased for …
Over three million older Americans are at risk of losing their homes through foreclosure, this according to the study “Nightmare on Main Street: Older Americans and the Mortgage Market Crisis” conducted by the AARP Public Policy Institute. The AARP Public Policy Institute study measures the progression of the mortgage crisis and its effect on older …
Millions of Older Americans at Risk of Losing their Homes to Foreclosure Read More »
CoreLogic reports that out of 1,353,647 mortgages in Maryland, 335,285 or 24.8% were negative equity mortgages or underwater in the first quarter of 2012. This data is an improvement from the 365,000 in the 4th quarter of 2011. In the first quarter of 2012, therefore, one in four borrowers in Maryland owed more on their …
Fewer Underwater Homeowners in Maryland in Q1 2012 – CoreLogic Reports Read More »
While some analysts say that the collapsed in home-price bubble could result to turning would-be first-time homeowners into permanent renters, other economists and real estate experts say that would-be home buyers have not given up on real estate as an investment. A recent study of John Burns Real Estate Consulting forecasts that the homeownership rate …
First-Time Home Buyers Decreased by 20% Since 2009 – Study Says Read More »