Sunday, January 01, 2006

The Boom is Ending in Baltimore

I don't think Baltimore ever got as over heated as Vegas, San Diego, Miami or Boston, however, it looks like even there all of the easy money has already been made.

Baltimore, MD As the new year arrives in Baltimore, there are clear signs the city's real estate market is changing.

In recent years, home sellers have benefited from an influx of homebuyers due to historically low interest rates and a steady real-estate market.

But now local brokers say the real estate boom is slowly receding.

"I wouldn't call it a buyers market-- I think it's more of a leveling off, " Realtor Shari Harris tells WJZ's Sharon Lee. "People that are purchasing now will probably see a slower..[market] growth rate than people who purchased these past two years saw."]

Full article


Anonymous Anonymous said...

Thankyou very much for the OFHEO link. I checked 3 wildly different cities (Seattle, Bellingham WA and Albany NY). All 3 started going down in 2nd quarter 2005. It's just kind of neat to see it all set out in black & white like that and that link is a very efficient way to watch the tumble everywhere.

Monday, January 02, 2006 2:32:00 AM  

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